Yep,kbb less $500 is what dealers are paying,on the average.I'm on my way to sell one in a few minutes to the dealer I bought it from,but at least i will be able to get something out of my stuff before this crunch sets in tight.It's almost completely in full force right now.A couple more months and we will see some serious unemployment figures.
In todays market,most anyone holding out for retail or more does not need to sell and can afford to sit on it.
I just left a single employee indy shop to discuss right now pricing,and what I expect the local dealer to pay me is within hundreds.This particular person I spoke with is buying and restoring at least 1 pan,or knuckle a month for resale.He gets 30k for a bike.When someone is ready to buy,he breaks one out of the barn he stores them in,they either pay 30 grand,or walk!
Late model run of the mill bikes are a dime a dozen on this the flooded market.I'm talkin Harley here,nothing else matters to me.
V-Rod and Sportster has taken a large hit for any value to the seller.
From what I have learned in the past week or 2,it is going to be at least 2 years before pricing catches up to retail value on 10 year and newer Harley's.
Come the first of the year here in Florida,we will most likely see a couple more % increase in unemployment from all the people that will be fired from the space program.
Since there isn't anything to offer the world from the USA anymore but ideas,I sure hope I come up with some good ones!