Used Bicycle Blue Book Value
The Pro's Closet is staffed with a team of bicycle experts who evaluate high-end bicycles, daily. We lead the market in high-end pre-owned bicycles. In this post, we will provide you with a couple of bicycle valuation strategies for when you are interested in selling your used bike.
The market value, or "blue book value," of your used bike is indispensable knowledge. It lets you know what you should ask for and what you should accept for your bike when it comes time to sell. But how do you determine your used bike's value?
Bicycle values are not a static thing. They fluctuate, which is why a bicycle blue book database will give you a wide range of values. It can be affected by a number of factors, ranging from the amount of available inventory on the market, current cycling fashion and trends, and the current weather or season (i.e. most bikes tend to sell for less in the winter than in the spring).
To understand the value of your bike you must carefully study the marketplace. Our own experts track asking prices, sale prices, depreciation trends, and have a mountain of data to access since The Pro's Closet is the world's largest seller of pre-owned bikes. For the average person, however, it will require carefully examining their own marketplace.
Let's look at a couple of easy options for you to quickly and easy determine an approximate value for your bike.
Option 1: The Pro's Closet
If you don't have the time to surf the used bike market and go through the hard work of determining your own used bike's value, then listing it and selling it, then The Pro's Closet can help. With expansive expert knowledge and experience in all sorts of high-end bikes, plus the resources to collect every possible bit of information, we can give you a quote for selling or trading in your used bike quickly, accurately, for free, and with no obligations.
Find out how much your bike is worth from our pre-owned bike experts, go to the Sell/Trade page on our website. Follow the instructions to submit your bike and you'll receive an offer within one business day. Our goal is to make it easy for you to get a good value for your bike, and help you move on to your next bike.
*Note: The Pro's Closet only purchases bikes with an original MSRP of $1500 or more.
Option 2: Checkaflip
Checkaflip is a simple online tool that helps approximate your used bicycle's value using eBay listings. It compiles data from sold and active listings on eBay and draws its sold listing data from items sold in the last three months, so it remains current.
Checkaflip provides two handy metrics for sold listings. The first is the average selling price compiled over the last three months. The second is the sell-through rate. This lets you know how well the bikes sold at that average price. Anything above 50% is a fairly decent sell-through rate and the higher it is, the more in demand a bike is, and more likely you'll be able to sell at the average sale price.
Checkaflip will also show the average asking price of bikes that are currently listed. This can help you to remain competitive with your competition, and also understand how much your bike is selling for compared to what sellers are asking. Often, bikes actually sell for under asking price, as most sellers post higher prices expecting to entertain lower offers.
Armed with this information, you can then deduce your bicycle's real-world value. Your selling strategy then is up to you.