4 Ways Motorcycle Valuations Can Help You Sell Your Used Bike in a Strained Market
The motorcycle market has been making hairpin turns since the start of COVID-19 in early 2020. The pandemic pushed global supply chains to the breaking point, creating inventory shortages and sending prices for new and used bikes through the roof. Just when it looked like the market was settling down, COVID cases began rising again in parts of the world and an international crisis caused gas prices to skyrocket, further contributing to manufacturing delays in 2022.
This has significantly impacted the recreational vehicle industries. According to Wards Intelligence, an estimated 1.4 million light-vehicle units have been cut from the 2022 global production forecast. Predictions anticipate potentially 3.8 million units lost this year in North America due to the microchip shortage, following 10 million units lost worldwide in 2021.
Despite all of this turmoil, these conditions have actually made it an ideal time to sell your used bike for maximum profit. To help you sell your used bike quickly and get the best value, Cycle Trader created Motorcycle Valuations as a digital tool for private sellers.
What is Motorcycle Valuations?
Cycle Trader Motorcycle Valuations, backed by J.D. Power, gives you a real-time value for your motorcycle. To use this tool, simply enter your bike’s make, model, and year and the valuation calculator presents an estimate instantly. From there, you will be able to opt in to receive trade-in offers from participating dealers in their area. To fully understand this feature, Cycle Trader has four ways Motorcycle Valuations can help you sell your used bike in a strained market.
4 Ways Motorcycle Valuations Can Help You Sell Your Used Bike
1. Receive an Accurate Trade-In Value
When deciding to trade in your used motorcycle, you’re likely concerned with making sure you get the most money for your bike. Typically, you’d have to spend time evaluating the current condition of your motorcycle and researching comparable bikes online to determine an estimate. Motorcycle Valuations helps take the guesswork out of valuing your ride and providing a real-time estimate. This price range can give you an idea of what a dealer may offer for a trade-in.
2. Ability to Sell in Your Local Area
While Cycle Trader is a nationwide online marketplace, Motorcycle Valuations can localize the selling/trade-in experience. You won’t have to worry about wasting gas and traveling to dealerships outside of your area, or think about any shipping fees that could be associated with your trade-in. Motorcycle Valuations connects you with multiple local dealers, who are interested in your used bike, in just a few easy clicks.
3. Work with a Reputable Dealer
Whenever you have to sell something, whether it’s an old couch or a dirt bike, you likely have some concern about who you’re selling to and how the experience will go. Cycle Trader Motorcycle Valuations can facilitate a safe way to sell or trade in your motorcycle since we only work with reputable dealerships. These dealers will handle all of the trade-in paperwork, including transferring the title, so you don’t have to.
4. Save Time and Get Paid Faster
Motorcycle Valuations begins online, starting with receiving a value for your used bike. You’ll then be able to opt into receiving a real Cash Offer for your motorcycle. Instead of contacting dealership after dealership, an offer will come right to your email, conveniently. You also don’t have to worry about a private buyer having the cash to make the purchase with our exclusive Cash Offers partner.
Due to the ongoing supply chain delays, used motorcycles are more in demand than ever. Empowered with your motorcycle valuation, you can save time on the selling process, negotiate a better deal, and turn your used bike into profit faster compared to a traditional private-party sale.
If you’re ready to learn your motorcycle’s value, get started today on CycleTrader.com.
Arielle Patterson
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