Everyone has a Harley for sale. Checking Craig's list, you will find hundreds within a short driving distance and that makes it a buyer's market. Burgmans is a niche market with very few looking for them. So again it's a buyers market but with a fewer number to select from.
IMO one thing that hurts the 650 burgs and situations like it is this , the poster buys an 08 with 500 miles on it for 3K , which is pretty much identical to a 2012 that the sellers are asking as much as 8K for . Quite simply which one are you going to buy ? The answer is obvious , the one for 3K . The same with a Honda Silverwing scooter , are you going to buy the 2006 model with 3k miles on it for $3,600 , or the slightly used 2013 with the same miles for $6,500 ? Right now this country's garages are loaded with 2 wheel dust collectors , and way to few buyers for same .
Another thing is demographics , some thing that I have read a great deal about . Right now and in the future the boomers are and will be trying to dump their McMansions and toys trying desperately to get enough tucked away for retirement . That is why you see so many Harley's for sale now , and that is why prices for them will not recover any time soon . Economy wise the bike thing doesn't concern me nearly as much as the McMansion
thing , which IMO is going to be the biggest real-estate fiasco of all time .
Here in my area there is subdivision after subdivision with homes ranging from 4,000 sq ft to more that 20,000 sq ft . Guess what ? No one wants to buy them , not the boomers and certainly not the boomers children .
The high density portion of the boomers were born in the 1950's , about 5 million of them a year . Since the average person in the U.S. retires at 63 , this group in now and will be retiring every year for the next dozen years . So guess where prices of McMansions and all those slightly used toys out in that 4 car garage are going ?
TheReaper! Economist Extraordinaire
