Nada Motorcycle Values (Your Guide to Accurate Pricing) (2024)

FAQs

How to find the fair market value of a motorcycle? ›

Refer to the Kelley Blue Book

You can use the Kelley Blue Book motorcycle trade-in value guide to get a ballpark estimate of what your motorcycle is worth. The Kelley Blue Book provides motorcycle values for different makes and models based on their condition and features.

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.

1. 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.

All motorcycles depreciate in value at different rates. Some motorcycle makes and models do exceptionally well, while others lose their value as soon as you leave a dealership and hit the road.

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.

Utilizing the services of a professional home appraiser is the most accurate way of calculating the fair market value of a home. However, it is possible to crunch the numbers without hiring an appraisal service by analyzing the sale prices of similar homes that have sold in the prior 6 months in the same neighborhood.

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. Insights can be gained from both values, but KBB looks at more factors.

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

NADA Car Values Guide Is Now J.D. Power Car Values

NADA (J.D. Power Valuation Services) began in 1933 and has since been an industry leader in supplying LOAN and TRADE-IN values (among others) to dealers across the country. They also offer a consumer website that establishes transparency in the industry.

While some bikes might start showing their age around 20,000 miles, meticulously maintained machines can easily clock in 50,000 or even 90,000 miles before major issues arise. Think of it as a marathon, not a sprint: a well-cared-for bike can go the distance. A motorcycle's past whispers volumes about its future.

Where is the best place to sell a motorcycle? ›

Selling a motorcycle can be tricky, which is why partnering with an experienced marketplace, such as Cycle Trader is your best bet in ensuring a fast and easy sale. As a trusted brand in the industry, we have the tools and security features to make selling your bike a breeze.

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.

One of the standout models in terms of resale value is the Harley-Davidson Road King. Known for its timeless design and reliable performance, the Road King is a perennial favorite among touring enthusiasts. Its comfortable ride and robust engine make it a solid choice for long-distance riders.

Brands that are less well-known or have a reputation for lower quality tend to depreciate the fastest. Also, motorcycles from brands with a history of reliability issues or recalls can depreciate faster. Remember that this can vary based on the location and demand for specific brands and models.

How fair market value is calculated. 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.

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.

The global motorcycle market was estimated to grow from over 133 billion U.S. dollars to some 136 billion in 2023 as the market continued to recover from the revenue drop recorded at the onset of the COVID-19 pandemic. This rebound somewhat dampened amid supply chain issues in 2022.

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.