Speed Triple dreadful P/X price

Nipped in to my local Triumph dealer yesterday on my 2004 ....2,900 mile ( fully Triumph accessorised ) £7,800 11th month old 955i snot green Speed Triple....just to have a butchers at the new Tiger.

I asked for a part ex price for this pristine bike...and...AND...was told £5,300 max for trade in !!!
I was told it would be better to sell privately !!! Now call me a tight little bastard but a 33% drop in price in 11 months and to tell me I'd get more privately!!! What's the point in having a dealer for heavens sake ?

I may now advertise privately as my dealer reckons on about £5,750 privately ( only selling as wife wants to hop aboard now for touring etc etc) but I won't be buying another Trumpet due to the apalling drop in secondhand prices.

Damn, damn, damn, back to BMW/Honda then!!!

Only posting this as MCN say's today that new bike sales are poor...now I wonder why that is ???

Right that's off my chest...going for a blag now...then again I do love this bike :wink:

[Diego]

>>> ...a 33% drop in price in 11 months and to tell me I'd get more privately!!! >>>

That's better than most cars. They lose that much as soon as you get them out of the dealership.

>>> ...but I won't be buying another Trumpet due to the apalling drop in secondhand prices. ....Damn, damn, damn, back to BMW/Honda then!!! >>>

Don't deprive your wife of touring on a Tiger because of this. Compared to what you'll pay up front for the Honda, or what you'll pay in upkeep and repairs on the BMW, the Tiger is a great value. Problem is, secondhand prices are down for almost all motorcycles these days...even Harley, here in the US. This is just not a good time to be stuck with a bike you want to sell. Why? Your final observation is revealing.

>>> Only posting this as MCN say's today that new bike sales are poor...now I wonder why that is ??? >>>

This is a fairly common phenomenon late in a prolonged recession. Motorcycle sales continued strong for a while into the downturn, so manufacturers didn't cut back production enough in anticipation of the eventual slump, which began later and will end later than other sectors of the economy. Low prices for used bikes arise in large part because there is a surplus of unsold new machines, and many buyers have taken advantage of promotions offered to clear out prior year stocks. If they can get full warranty at (what recently would have been) secondhand prices, can you blame them?

This is a fairly common phenomenon late in a prolonged recession. Motorcycle sales continued strong for a while into the downturn, so manufacturers didn't cut back production enough in anticipation of the eventual slump, which began later and will end later than other sectors of the economy. Low prices for used bikes arise in large part because there is a surplus of unsold new machines, and many buyers have taken advantage of promotions offered to clear out prior year stocks. If they can get full warranty at (what recently would have been) secondhand prices, can you blame them?

Totally agreed. It's current economic conditions: low interest rates makes new vehicles more appealing.

-Jim

[annasdad]

Unfortunately all the dealers I have come across seem to have the same attitudes. I'm sure you could get more for your Triple than the dealer's offer but I suppose they have to make a profit. It seem that the bit of spit and polish they administer to the bikes adds hundreds along with a warranty that seems almost worthless. In january I traded in a Daytona at a dealer who has recently won awards for service. I don't know who decides upon the awards but the service I have recieved has been awful.If you can I would hold onto the triple a bit longer as in the second year you'll take less of a drop. Annas mum seems to like it on the backof the triple and it has so much more character than a Honda or BM......and despite the dodgy dealers it is made in good old blighty...

[JohnRimmer]

depreciation is a fact of life and Triumph is no worse than other makers.I traded in my 1 year old Sprint RS for a Daytona and took a £3000 hit AFTER haggling.
My brother-in-law took the same hit on a one year old Honda VFR.Maximum depreciation occurs in the first year.I have bought an 18 month old Daytona with 3000 miles on the clock in as-new condition to avoid a re-occurence.Only problem is the short warranty but this is a risk worth taking to avoid a big trade-in loss.The dealer sold my RS immediately with a 20% mark-up.

My wife loves it on the back of the SP3.

As a pillion I mean.

Keep it. It is such a great bike with loads of character and more than capable of touring twos up.

I have a Ventura luggage rack for mine too which works a treat.

Dealers are the only winners when it comes to trade ins and it is where they can make a lot of money, don't do it.

All top advice !! Thanks. I was mulling over buying the Tiger but as stated above could not afford such a drop...so have kept the Triple ( :-D ) and bought myself a second bike for touring....yep , a BMW GS !!!

So I'm well happy now..but sadly can't afford/won't be going down the road of buying anymore new Triumphs again.

Cheers

[Diego]

>>> All top advice !! Thanks. I was mulling over buying the Tiger but as stated above could not afford such a drop...so have kept the Triple ( ) ... >>>

Good decision on that part.

>>> ...and bought myself a second bike for touring....yep , a BMW GS !!!
So I'm well happy now..but sadly can't afford/won't be going down the road of buying anymore new Triumphs again. >>>

Would be very interesting to take the GS to a different BMW dealer in a few weeks, tell him it's 11 months old (unless there's some very obvious indication to the contrary that he would recognize), and see what sort of price he offers.


[ This message was edited by: Diego on 2004-06-11 20:43 ]

Diego,

I couldn't agree more..probably similar to the Tiger P/X price ! I was actually more miffed at the dealer telling me to sell privately for a better price !!!

Anyhows, I bought a much older 1100GS.......probably the age and type dealers don't like in their showrooms nowadays.

Cheers for all the replies.