I read an article a few days back saying used car prices are up nearly 30% since a year ago. New car inventories are way down due to supply-chain issues, so I assume new car prices are up as well.
I look at what motorcycles are for sale on Craigslist everyday, usually 3+ times a day... I'm addicted. Anecdotally I would say used bike prices, (not Guzzi's for some reason), are up similar (20-30%) compared to recent years. Not sure about new bike prices.
My question: Where do you think used bike prices will be in 2023 (two years from now)?
- Prices will drop to where they historically reside, 20% less than where they are at now.
- Current prices will be maintained.
- Prices will continue to go up.
My guess is that post-- demand will return to normal, the supply-chain for everything will allow new-bike mfg'ers to pump out enough bikes to meet demand, and many of the 'new riders' of today will look at their new (to them) bikes in two years and will question, "Why do I keep that bike that I have put 100 miles on in the last 2 years?"... and all of that will result in prices of used bikes dropping back to where they normally reside, i.e. 20% lower than they are today. That's my guess.
So what's your guess?