Seasonal Bike Prices
With the introdutory amount of economic education I have obtained thus far, it would seem to me that the price of used bikes would be higher in the summer.
*Seeing how more people want to ride/buy a bike due to the warm weather, this would increase the demand for bikes.
*And since more people are riding and dont want to sell their bike right now, supply would stay the same (for the most part).
*Therefore an increase in Demand and a constant supply curve would result in higher prices during the summer.
Now at the end of the summer people who own a bike already, may want to take advantage of "End of Summer" sales and purchase a newer bike. People who don't own bikes will be less likely to purchase due to the colder weather. Thus the demand for used bikes decreases and the supply of used bikes increases, resulting in a decrease of price.
If this is right, I should wait till the end of the summer to by my bike at a cheaper price.
Anyone care to school me on my economics? And how much of a price drop can I expect? Im in the market for a 96-98 CBR F3. Thanks all.
Last edited by Kyle; 06-24-2002 at 09:50 AM.