Used Bicycle Blue Book Value
*Editor's Note: The Pro's Closet is staffed with a team of bicycle experts who evaluate high-end bicycles, daily. In this post, we will provide you with some of our bicycle valuation strategies. We lead the market in high-end pre-owned bicycles. These strategies may not be applicable if your bike had an original MSRP of $1,500 or less.
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 the used bicycle blue book value? Bicycle values are not a static thing. They fluctuate, which is many bicycle blue book databases give you vague ranges of values. It can be affected by a number of factors, ranging from the amount of available inventory on the market and the quality of inventory, to fashion and trends, to something as simple as the changing of the seasons. For instance, most bikes tend to sell for less in the winter than in the spring.
Option 1: Checkaflip This is where, Checkaflip, the tool I like to use to determine used bicycle blue book values becomes very useful. Checkaflip is a handy search engine the compiles data from sold listings on eBay. It draws all of its data from items sold in the last three months, so it is always current. As you can see, when using the same search terms as eBay, Checkaflip will present the exact same listings. The difference here is that the prices displayed represent the offers the sellers accepted. For the $1400 listing, it shows that the bike sold for $1100. That means if your bike is comparable then it is likely worth close to that amount, and it is conveniently close (though just a bit below) what eBay reported as trending. Checkaflip also provides two very handy metrics at the top of the page. The first is the average selling price compiled over the last three months. In this case, it's $1015. 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 better the bikes are selling.
So after doing all this, you should have a fairly good sense of your used bicycle blue book value. In this example, the CAAD10 is comparable in condition and build to one selling recently for $1100, CAAD10s, in general, have been selling well for the last three months at around $1015, and let's say this one is a common size, and you've taken great photos. You can fairly confidently figure your CAAD10 is worth at least around that $1015 mark up to maybe just past the $1100 mark. Armed with this as the bicycle's blue book value, your selling strategy then is up to you.
Option 2: The Pro's Closet If you don't have the time to determine your own used bicycle blue book value, then The Pro's Closet (TPC) can definitely help. With expansive expert knowledge and experience in all sorts of high-end bikes, plus the resources to collect every possible bit of information, TPC can determine your Trade-In value quickly, accurately, for free, and with no obligations. To make things even easier, TPC can make you an offer of your bike, today! Find out how much your bike is worth from our pre-owned bike experts, go to 'Sell Your Bike' on our website.