Kelly Motorcycle Blue Book (2024)

FAQs

How do I find the fair market value of my motorcycle? ›

In today's digital age, numerous online tools and resources can help you estimate your motorcycle's value. Websites like Kelley Blue Book, NADA, and Powersport Buyers offer reliable used motorcycle value tools.

NADA stands for National Automobile Dealers Association. Like Kelley Blue Book, NADA takes information about motorcycles and the marketplace to determine values. Values are based on condition, mileage, age, etc.

To find out what a motorcycle is worth, check out Kelley Blue Book and J.D. Power, which you can find through NADA. Both companies offer free values, which you can check on their respective websites, and both use sales transactions when calculating a used motorcycle's value.

Know the numbers, but look beyond them. Generally, high mileage on a motorcycle is anywhere from 20,000 to 50,000 miles. For sport bikes, the high mileage number will be on the low end (usually around 25,000), while cruisers and touring bikes typically become high mileage in the 40,000- to the 50,000-mile range.

As defined by the International Risk Management Institute, actual cash value (ACV) is replacement cost (RC) minus depreciation. When buying a new motorcycle, like any new vehicle, the value of that bike depreciates as soon as it leaves the dealership.

There's no absolute formula for calculating fair market value. But is often calculated by taking the value of three or more comparable homes, or comps, that have recently sold and obtaining an average, Garrity says.

KBB factors in the condition of the vehicle, local market conditions, and popularity of the vehicle, so their prices tend to be a lower than NADA. NADA values tend to lean higher because they assume cars are in good conditions.

Consider the Depreciation Rate of New Motorcycles Over Time

But there's often a silver lining. As depreciation slows, used bikes hold their value better, and you're more likely to recoup a larger portion of your investment - especially if the bike is well-cared-for and kept in great condition.

Carbly | NADA Used Car Guide® is now J.D. Power Values.

BLACK BOOK – OVERVIEW

Black Book offers various paid subscription options. The main subscription that Dealers use includes trade in values and information on cars and light trucks. These vehicle appraisals help dealers calculate vehicle leases and used car and truck prices.

Is Edmunds or KBB more accurate? ›

Many experts believe Edmunds' values are more accurate than KBB's. That's not always the case, of course, which is why getting several estimates and averaging still makes the most sense.

For years, car dealerships have relied on the National Automobile Dealers Association (NADA) as a resource when they needed to find the value of a used car. NADA has recently made their data available to the public and has added new car pricing to their used car values. They have since changed their name to NADAguides.

HOW MANY MILES CAN A MOTORCYCLE LAST? A motorcycle can last anywhere between 20,000 to 90,000 miles, which is quite a large disparity. That's because this figure rests on a number of factors. A dirt bike, for example, usually won't last more than 20,000 miles.

Larger Motorcycles (e.g., Harley-Davidson):

For Harley-Davidson motorcycles, the high mileage threshold is around 45,000 to 60,000 miles. However, these figures are general benchmarks and don't provide a comprehensive assessment of a used motorcycle's condition or its overall value.

What is KBB Fair Market Value? Kelley Blue Book is the most trusted source of vehicle pricing and their Fair Market Value is based on what others have paid for similar cars. It's a price that's constantly updated based on real-time data and reflects the current conditions in your market.

Due to the COVID-19 pandemic, the global Motorcycle market size is estimated to be worth US$ 88720 million in 2024 and is forecast to a readjusted size of US$ 104710 million by 2032 with a CAGR of 2.8% during the forecast period 2024-2032.

You can find the actual value of your car by going to a library or bookstore and referring to a Kelley Blue Book. Or, you can find similar vehicles that are being sold in your area (within 50 miles of your zip code) with local auto trade magazines, or online.

Salvage Value Formula

To calculate a salvage value, divide the depreciation % per year by 100, and multiply that value by the original price and the asset age in years. Take this result and subtract it from the original price to get the salvage value.