Motorcycle blue books values

Motorcycle blue books values DEFAULT

Determining Motorcycle Blue Book Value

motorcycle blue book valueIf you are interested in selling your motorcycle, it is very important that you find out its value first because the prices of vehicles fluctuate a great deal, within only a matter of months. The best way to determine your motorcycle blue book value is to visit the official Kelly Blue Book site for KBB Motorcycles value or NADA Guides for NADA Motorcycles value. Kelly Blue Book published its first blue book way back in 1926 and it is now known as a standard guide for anyone who wants to receive information regarding their automobiles. Therefore, you can rest assured that the information you gain from this site is precise and will help you make any decisions regarding your vehicles.

This site provides a lot of information regarding the prices associated with new cars, old cars and exchange values. In addition to providing information about the motorcycle blue book values for motorcycles, they also offer the same for watercrafts and snowmobiles.

Once you log in to the Kelly Blue book website, you will see various options ranging from the prices of old cars, new cars, etc. At the right hand corner, you can select ‘Motorcycles’ if you wish to view more options. You will also have to enter your zip code as the prices of automobiles vary, depending on the location, to have a precise KBB Motorcycles value.

Once you click on the ‘Motorcycles’ option, you will get a lot of other options that allows you to select the value of your motorcycle. However, you will have to select the category before you proceed. Categories include Dirt, 2-Wheel ATV, Supermotard, Dirt Track, Touring, Scooter, 3-wheel Street, 4-wheel ATV, Sidecar, Dual Sport, 6-Wheel ATV, Trials, Utility vehicles, Sport, 8-Wheel ATV, Standard and cruisers, Mopeds and a lot more. Apart from that, you can select the ‘make’ of your vehicle by choosing among BMW, Kawasaki, Harley-Davidson, Can-Am, Vespa, Suzuki, Honda, Ducati, Victory, Indian, Yamaha and Triumph. Below that, you also get an option to check the value of a used motorcycle too.

Depending on how you want to determine the value of your vehicle, you can select either the category or the ‘make’. If you select the category, it will take you to the ‘make’ again and you can see a huge number of options listed alphabetically. For example, if you own a 2-Wheel ATV, click on that and you can see different makes for it. With 3 makes listed as Honda, Rokon and Yamaha, you can choose any of them, based on the type of vehicle you own.

Once you click on the make, it will take you to the year the vehicle was made. For example, if you click on Honda for a 2-Wheel ATV, you can select either 1987 or 1986, depending on the type of vehicle you own. Selecting the year, will take you to another set of options which represent the models of the vehicle. If you select the year 1987, you can see 1 model that says TR200 Fat Cat and it also lists the CC of the vehicle. After you take all these steps, you can see the Trade-in value or the suggested retail value. You will have to follow similar steps on NADA Guides website if you want to see NADA Motorcycle value.

Kelly Blue Book is known as the best source to determine the blue book value for any vehicle you own as the information presented there is very realistic. With a few clicks, you will be able to find a lot of information about your vehicle, including the motorcycle blue book value, no matter what you own.

Sours: https://nadabookinfo.com/determining-motorcycle-blue-book-value/

Are Kelley Blue Book values and prices accurate and reliable?

Not accurate, or at least, not as accurate as it’s given credit for. KBB values and pricing rely on seller data which often does not reflect live up to date market demands for a motorcycle, atv, utv, car, or truck.

The Internet has proliferated the number of resources we have access to, which is great because this allows us to be better informed about the world around us, as well as the things we own. A resource many people have flocked to when it comes to selling all things automotive is Kelley Blue Book (KBB). It’s also become a staple resource for anyone looking to sell a motorcycle, atv, or utv online. KBB's 20-million average visitors a month will attest to the site's popularity.

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Since when did "popular" mean "reliable?"

As consumers, we create our own "fictional truths." We know there's an endless amount of information and resources at our fingertips, but do we ever stop to critically look at these resources? Are they as sound as we think?

Perhaps the two biggest questions consumers of the automotive industry have to ponder are 1) "Is Kelley Blue Book motorcycle prices accurate?" and 2) "Is Kelley Blue Book realistic?" Whether you love or hate the number KBB quotes for your ride, you have to make peace with the fact that Kelley Blue Book is not a flawless system because it funnels its research through its users, and therefore should not be treated as a fail-proof resource.

 

Source: Steve Richards YouTubekelley blue book motorcycle

 

How accurate and reliable are Kelley Blue Book Values?

Factors used to determine your Kelley Blue Book motorcycle value:

  • Private Party Value
  • Suggested Retail Value
  • Trade-in Value
  • Certified Pre-Owned Value

While all of these components should create reasonable expectations, each one comes with its own set of flaws. For instance, the motorcycle trade-in value is based on how much a dealership would offer you for your bike; but, every dealership will provide a different price based on a) their location, b) the amount of customer traffic that dealership has, c) the popularity of a particular bike in an area as well as its ability to sell in that area, and d) the quantity of a certain model that already exists within a dealership's inventory. All of these variables will impact your offer, so Kelley Blue Book's quote will likely fluctuate and hardly ever be spot-on.

There are other downsides to Kelley Blue Book as well. For example, KBB gathers its information primarily from the people who use the site and then accesses user information to craft its own database. This system is not entirely sound, and here’s why:

People can be biased.

Believe it or not, you might be a bit biased towards your motorcycle, and for good reason. You have fond memories and emotions tied to your bike, and even if you’re selling it, you still recognize its value. There's nothing wrong with that.

Check out this video to see how bias can exist in different forms:

Source: Big Think YouTubekelley blue book motorcycle

However, personal bias often distorts reality and, in this case, the perception you have of your bike. You won't view your motorcycle the same way as someone without your personal experience will view it. Instead, you'll see a motorcycle in nearly perfect condition because it’s your bike and you put in the time and effort to maintain it. We know this isn't intentional; it's human nature to think highly of our personal belongings, and our motorcycles are no exception. But, by the same token, others who aren't emotionally tied to your bike will assess it fairly and objectively.

For instance, when you take your bike to a dealership, it's likely they won't show bias because they can physically see the motorcycle and assess it properly. In a sense, what you see is what you get, and dealership's prices will reflect that. However, when Kelley Blue Book has you (a.k.a. the current owner) determine the condition of your bike, the quote you generate will likely be inaccurate due to personal bias. A system that relies on the personal judgments of its consumer base is not a suitable system. 

Outdated information.

While Kelley Blue Book tries to ensure all the information on their site is up to date, this system is anything but perfect. For example, you might receive an unrealistic quote for your motorcycle because the site has yet to adjust to the live demands of the marketplace.

So, while you might've received what you believe to be a reasonable quote for your bike from KBB, it remains in everyone's best interest that you approach an interested dealership with more realistic (which sometimes means 'lower') expectations. After all, it's their job to stay in-the-know when it comes to industry shifts and changes.  

Dealerships and buyers don't take KBB seriously.

No, dealerships don't refrain from using Kelley Blue Book simply because it tends to offer a higher price than they are willing to pay for your motorcycle. The fact is, these entities are running a business, and businesses aim to make a profit. To make a profit, dealerships offer the seller a price representative of the live market value; and, as we previously touched on, KBB doesn't always present prices that reflect live market value. RumbleOn, on the other hand, uses resources with more accurate data.

Those who understand data collection are aware of the weaknesses inherent in Kelley Blue Book's value system. Dealerships, for example, use data from the National Auto Research Black Book, and Manheim Market Report (both of which the public cannot access,) and NADA guides. These resources, unlike Kelley Blue Book, do not rely on the potentially biased input of consumers; instead, they rely on the actual, comparable sales and purchases of all motorcycles, along with the details and costs associated with it.

All of this is to say that how and where you get your numbers is just as important as the numbers themselves.

Kelley Blue Book does not accurately reflect demand.

Kelley Blue Book is not reflected in real-time. It doesn't adjust its information every second changes occur. This means that while the market and industry is a roller coaster ride of changes as time passes (and time is essential when selling), Kelley Blue Book does not reflect live market changes. When KBB finally does update, by the time the changes are implemented, the market has already shifted and the vehicle's value has likely changed, again. 

If Kelley Blue Book had a system in which real-time dealerships were able to visually take a look at your bike, the site would likely quote values that are consistent with the live marketplace at any given time. However, since KBB relies entirely on sellers to gather its information, it's inevitable this system be subject to error.

Flawed systems like Kelley Blue Book's are what make sellers feel disappointed in the offers they receive. How accurate is Kelley Blue Book? Not accurate, or at least, not as accurate as it’s given credit for. Why is it so hard to sell my motorcycle? Only as difficult as you let it be, because there’s always an individual, or dealership, out there who’s interested in buying your bike. Check out our guide on how to sell your motorcycle for the most cash.

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Sours: https://brainbucket.rumbleon.com/is-kelly-blue-book-accurate
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Motorcycle Blue Book Value

A motorcycle's "blue book value" is the generic term for the market value of a motorcycle made in a particular year by a particular manufacturer. The Kelley Blue Book (KBB) is the origin of that term and is one of the most well-known pricing guides for those in the market for a used motorcycle.

The other major motorcycle pricing resources are the NADA Guides produced by J.D. Power. NADA stands for the National Automobile Dealers Association who provided comprehensive buying guides for used cars. In 2017, J.D. Power bought the company and expanded the offerings to includes motorcycles, RVs, classic cars, boats, and manufactured homes. NADA Guides offers print appraisal books on both newer motorcycles (as well as snowmobiles, ATVs, and personal watercraft) and vintage, collectible, and retro motorcycles.

Key Takeaways

  • The Kelley Blue Book gives you a sense of how much you can expect to spend or receive when buying or selling a specific motorcycle.
  • These values are based on nationwide sales transactions, including auctions, dealer sales reports, and dealer surveys.
  • Additional equipment for a motorcycle, such as an engine guard, may also be included as a separate value.
  • The NADA Guide uses a variation on these calculations to come up with its own values for motorcycles.

How KBB Calculates Motorcycle Values 

KBB says that it determines values for motorcycles based on data obtained from "auctions, dealer sales reports, and dealer surveys, plus dealer and consumer listings and sales transactions nationwide." The company says that it also takes into account current market and economic conditions.

Trade-in vs. Listing Price

After you've searched for a particular motorcycle—by providing the year, make, and model—you are asked to select either Trade-In Value or Typical Listing Price. The former is the amount you might expect to get when trading in a used motorcycle in good condition with all of its original standard equipment. The latter is what a dealer would likely ask you to pay if you were looking to buy a used motorcycle in good or better condition.

Additional Equipment

Some motorcycles that you search for will have information on the value of additional equipment, which you can see by clicking on Optional Equipment. For example, depending on the make, model, and year of the motorcycle, cruise control and an engine guard might each add $35 or more to the value of the bike. KBB assumes that these additional options are also in good condition.

Mileage

KBB does not take into account the mileage on the odometer. KBB says that road conditions and the previous owner's riding style have larger effects on the bike's value than mileage.

How NADA Guides Calculates Motorcycle Values

You can start your search for motorcycle values on NADA Guides' website by selecting a manufacturer or a category of bike, such as Cruisers or Motocross. Ultimately, as on the KBB site, you'll choose a year, model, and make. You'll also be asked for your ZIP code and any special options.

You can even compare as many as three specific motorcycles side by side.

The site offers four prices on motorcycles:

  1. The manufacturer's suggested retail price (MSRP), which includes only standard equipment and excludes taxes and transportation and destination fees, which cover the cost of getting the vehicle to the dealer.
  2. Suggested list price, which is the manufacturer's or distributor's highest suggested list price in the U.S. when the motorcycle was new. It typically does not include destination charges or taxes.
  3. The low retail price, which is for a vehicle that may show "extensive wear and tear," including "dents and blemishes" on the body, but is still safe to drive. Motorcycles with this low quality usually aren't sold by dealers.
  4. The average retail price, which is for a vehicle that is clean and "without obvious defects." The mileage should be about average, and the bike should be able to pass an emissions inspection.

NADA Guides uses data from more than 1.5 million vehicle transactions a month to help determine values. Those transactions include wholesale, retail, and auction sales. NADA Guides also considers asking prices posted on classified listing sites and Autotrader. Its valuation team says that it "uses the latest technology, deep knowledge of each segment's market, statistics, analytics and econometrics to derive our values." It does not use a depreciation schedule, because there is a lot of variation in the rates of depreciation among different used motorcycles.

Sours: https://www.thebalance.com/what-is-motorcycle-blue-book-value-527365

VEHICLE RETAIL VALUES


I have read and understand the conditions stated below and will not hold Canadian Blue Book Trader responsible for the price I buy or sell a vehicle for.


EXPLANATION OF CONDITIONS

Extra-Clean represents the top 15 to 20 percent of the marketplace. To rate a vehicle as extra clean, the vehicle must look like new, be in excellent mechanical condition and require no reconditioning. Mileage is usually low. This is sometimes referred to as "showroom" condition. This vehicle should also have complete and verifiable service records. If there is no remaining factory warranty and the unit is being retailed at a dealership, the dealer will usually offer some warranty coverage on a unit in this condition.

The estimated retail value you receive at this site does not make allowance for any add-on accessories. It is based on a unit with all original equipment.

Units classified as "Average" or "Clean" condition will sell for less than the price you will receive at this site. The value of any vehicle will depend on the cosmetic condition, mileage, mechanical condition and origin. Maintenance history, option upgrades, performance history and current regional economy should be considered when determining a final selling price.

Sours: https://www.bluebooktrader.com/values_retail.php

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The TRUTH about Kelley Blue Books Value

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