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Other Stuff => Misc / Open => Topic started by: royhall on January 06, 2017, 09:19:09 AM

Title: The demise of Classic Bikes
Post by: royhall on January 06, 2017, 09:19:09 AM
I had a short discussion yesterday with the manager in my local bike shop about the merits of classic bike ownership. As he put a different spin on things, I thought I would share it as a discussion point on the forum.

He is of the firm opinion that owning classic bikes such as ours is the worst financial investment for the future that anyone could make.

He points out that since I started on bikes in 1975 at the age of 16, that the bikes we have in our collections today, were back then aspirational. And let’s be honest, who in 1975 didn’t want a Z1. As my age group gets older and dies off, the younger generation will want the bikes that were aspirational to them such as Ducati 916 etc. Therefore there will be many of the bikes we think as classics for sale and the prices will plummet.

He also points out that very few youngsters are getting into motorbikes these days so there will be far fewer customers for our classics anyway. That’s a point that most of us can verify, the Isle of Man boat to the Classic TT is like a Saga Cruise. He thinks the reasons for this are many, but mainly due to legislation and the fact that teenagers are no longer around motorcycles to the extent that we were. Back then many people owned a bike for transport to work as cars were not yet affordable. He thinks that is why my age group still want Triumphs as that’s what our fathers and uncles rode, again aspirational.

He must believe what he says as this shop did have a few restored classics around that have now been sold off. On that point he thinks that most regular classics of the 60/70’s era have found their price ceiling and it is a good time to sell them off whilst there are still loads of customers around.

In my opinion he makes a few fair points, but as a major dealer he is probably only looking at the financial aspects. What price can you put on the enjoyment and interest they provide in the years up to our demise. Plus a lot of our collections wouldn’t be sold whatever, as we can’t stand to see them go. So who cares about the value after were gone?

What do you guys think?

Title: Re: The demise of Classic Bikes
Post by: Trigger on January 06, 2017, 09:53:21 AM
Very interesting Roy, but I have restored and sold a lot of these bikes over the years and not one of those customers had that bike when they were younger. All my customers just like the look of the classic bike and answer me this, why are people going out and buying Harleys, when they never had them when they were younger ?
Do people go out and buy a 400 year old painting because they had one when they were younger  ;D
Title: Re: The demise of Classic Bikes
Post by: Nurse Julie on January 06, 2017, 09:55:10 AM
Some very interesting points there Roy. I think the 'value' of these old bikes is far more than monetary. Its sometimes about reliving ones youth, or having something you didn't have but always wanted. Does it really matter if the price goes down in the future, who cares, you can't take a bike with you when you die, nor can you take the money in your bank account. That's why personally, a bike is something that should be used and enjoyed regardless of future monetary values, as enjoyment of something you really love is priceless.
Title: Re: The demise of Classic Bikes
Post by: Green1 on January 06, 2017, 10:09:48 AM
I was thinking about this awhile ago and he probably makes a good point.
It won't be long and you old guys  ;D will be finding the 750's to heavy and then probably be selling them on flooding the market.
The 80's bikes are already starting to rocket in value so there heading in the same direction.

I feel like I must be the last of an era that got to experience proper bike shops.There used to be one not far from me that was like going back in time small and cramped with boxes and bits everywhere with overflowing pigeon holes.No mater what you wanted he would have it or get it.The internet auction sites soon put an end to that.     

I have also noticed there is a lack of young bikers.They seem to go straight into cars and I believe this is playing a part in the lack of quality drivers out there.There is a lot to be said for starting out on two wheels it makes you appreciate road conditions and how the weather plays its part.

I must be old before my time going by the bikes I'v had and got but who cares I enjoy them and that's all that matters.  ;)


Mick
Title: Re: The demise of Classic Bikes
Post by: Johnwebley on January 06, 2017, 10:16:59 AM
Some very interesting points there Roy. I think the 'value' of these old bikes is more far more than monetary. Its sometimes about reliving ones youth, or having something you didn't have but always wanted. Does it really matter if the price goes down in the future, who cares, you can't take a bike with you when you die, nor can you take the money in your bank account. That's why personally, a bike is something that should be used and enjoyed regardless of future monetary values, as enjoyment of something you really love is priceless.

 I agree with the nurse,always !!!

 but the "genre" of classic has become a popular style of bikes,large sports bikes are loosing sales,custom style and cruisers ,not to mention the "chelsey tractor" GS bikes seem to be increasing,
 some time ago Kawasaki did a retro Zepher,same as Honda CB1300 etc,a brand new "classic" looker,,
all our sohc are still very capable bikes,just require a little more looking after,with the advantage that most of the depreciation has gone,so should be appreciating,

there should be a market always,for good classic bikes,maybe not at Franks prices,but who here is holding out to sell a sohc for £25k
in 5 years time?
get out and enjoy it while your young and fit enough,lots of peeps falling of the perch in their 50's now !!
Title: Re: The demise of Classic Bikes
Post by: Chris400F on January 06, 2017, 10:30:59 AM
Some very interesting points there Roy. I think the 'value' of these old bikes is more far more than monetary. Its sometimes about reliving ones youth, or having something you didn't have but always wanted. Does it really matter if the price goes down in the future, who cares, you can't take a bike with you when you die, nor can you take the money in your bank account. That's why personally, a bike is something that should be used and enjoyed regardless of future monetary values, as enjoyment of something you really love is priceless.
Julie has hit the nail on the head for me also. Owning my 400 is exactly about reliving my youth, I didn't have one then but always wanted one.
For me the bike is not an investment, but then I only have the one and not a shed full of them.
My children are not remotely interested in bikes so it is unlikely that it will be passed on to either of them.
As for young people riding bikes, I agree there seem to be far fewer than when I was a lad. But back then you could just buy a bike and ride it; nowadays there is a seemingly ever increasing amount of training you have to undergo before you can even turn a wheel on the road, so hardly an incentive.
Title: Re: The demise of Classic Bikes
Post by: royhall on January 06, 2017, 10:52:57 AM
Very interesting Roy, but I have restored and sold a lot of these bikes over the years and not one of those customers had that bike when they were younger. All my customers just like the look of the classic bike and answer me this, why are people going out and buying Harleys, when they never had them when they were younger ?
Do people go out and buy a 400 year old painting because they had one when they were younger  ;D
Like the man said Trig, these were the aspirational bikes back in their youth that maybe they couldn't afford, or parents wouldn't allow? Plus how many young (under 25) people come and buy a 500/4. The point he makes is that although its a strong market right now, the customers are mainly aged people that wont remain long term. After that the classic scene (for motorcycles) is finished. This was his view not mine I should point out.
Title: Re: The demise of Classic Bikes
Post by: Seabeowner on January 06, 2017, 10:59:52 AM
For one or two here it’s a business, but for many it’s a hobby. And hobbies often cost money, but are very rewarding, if you get my meaning? And among hobbies it is very versatile one with many different sides. (practical skills, mobility, holidays, social....) Enjoy it while you can you are only old once!
Certainly a goodly number of importers seem to view the UK as a place to sell at a premium. DK must have bought in many thousands of bikes.
My view is, pick your bikes primarily for using and the hobby and possibly make one choice as a possible long term gainer if you have the space. Many here have the knowledge to choose a genuine bike, so we don’t get fleeced. Always remember eggs and baskets. The Honda 500 bought in 1974 cost about £700 and according to the inflation calculator it is approaching £8k so not much real gain over 43 years.
Roy, I see you have a T100C. Had a new one before the Hondas. I spent 2 years defending Brit bikes against the Jap onslaught, but had to admit defeat with this one.
Title: Re: The demise of Classic Bikes
Post by: royhall on January 06, 2017, 11:37:27 AM
Cant really compare the Triumph's to the Honda's as there's really a space of 30/40 years between designs. Triumphs are okay but they really are basic old fashioned things, where the design in the Honda's is still mainly relevant today.

I do wonder though where motorcycling in general is heading. I only know 2 youngsters that are into bikes, and both of those are motorcross riders and don't ride on the road. They consider it to be way too dangerous. That appears to sum up the attitude of the younger people to bikes, and who can blame them as there must be a least double the traffic these days than there was in the 1970's. And when young lads view motorcross to be safer than riding on the road, I think our hobby will (as the man said) die out with my generation.

By the way, the government is proposing to make getting a bike licence even harder than it already is. Another nail in the coffin?
Title: Re: The demise of Classic Bikes
Post by: Nurse Julie on January 06, 2017, 12:00:39 PM
It is such a shame that biking appears to be a dying past time generally for youngsters. I have been riding bikes since I passed my test in 1979 and I have had an absolute ball over the years. In all those years I have only been without a bike for 3 years, lived in a flat,( couldn't get it up the stairs !!!) and life felt grim. It is one of those past times that really makes you feel good and need not cost a fortune. And like many others on here I have had plenty of Brit bikes, jap bikes, old bikes, new bikes, cheap and expensive but as long as it started, I was happy. But, we have had some incredibly talented youngsters joining the forum recently and even if they just buy a SOHC and café racer it at least it means they are out and about and the bikes are still in use.
Title: Re: The demise of Classic Bikes
Post by: philward on January 06, 2017, 12:16:17 PM
Interesting discussion! I restore and ride as a hobby so no plans to sell anyway at this point. One of the points that I have thought about is the future in driverless cars - I know where talking a few years off but at some point, vehicles where the driver/rider has to make decisions (and 99% of accidents are human error) will be legislated off the road - or at least, insurance will become unaffordable. Then classic bike will become museum pieces and a glut of any sort of previously rideable bikes will cause a drop in value due to supply and demand. We are talking another 20 years off and hence won't affect an old git like me (as I'll be in my 80's if I'm still here!) but  this will have a big bearing on the long term values,
Title: Re: The demise of Classic Bikes
Post by: hairygit on January 06, 2017, 12:19:08 PM
Let's face it, successive governments and tg E.U. in particular would quite happily see motorcycles being ridden on public roads completely banned. When I started riding, you could still get a provisional licence, insurance, stick L plates on any solo bike up to 250cc, and ride indefinitely with no test or other hassles, and carry a passenger if they held a full licence! Things started going downhill badly from the early 80's, max 125cc, 12bhp max for new 125's, and a 2 part test, and a 2 year limit for riding on L plates, no passengers etc. Then more regulations, C.B.T. before you could even hit the road, and increasingly complicated and expensive tests. These days it's a nightmare trying to start out on 2 wheels, no wonder youngsters these days don't bother, far cheaper and easier to get into a tin box and hit the road. It will be even worse in years to come, these days youngsters list after shitreon saxo's and similar crap, very few want, or can afford to get into bikes. Those of us with kids today have a duty to get them interested in bikes, Pops 400 is doing a fine job with young Jess, my own daughter is starting to pinch my Honda 90 to ride across the fields behind us, she's 14 and has a healthy interest in bikes, and despite mother in laws irrational hatred of bikes, she is determined to ride on the road as soon as she legally can, and I will do everything possible to ensure she is able to. I don't view bikes as investment potential, they are the best and most fun way from A to B, whatever the weather. We are as has been mentioned the last group of road users that had real freedom, the nanny state and safety killjoys are fast eroding the fun younger generations can have. The future really does look bleak for motorcycling for future generations!
Title: Re: The demise of Classic Bikes
Post by: MCTID on January 06, 2017, 03:01:13 PM
Just looking at the latest range of Triumph Bonnevilles............£10K+ for a half decent twin which most owners have to buy a new seat to make it any good for more than a 100 mile ride; new exhaust system to give it any real performance and an engine remap to actually make it deliver what it's capable of.........say £12k all in. Take it out of the Dealers Showroom and you have lost £4K to £5K in the same day with depreciation and Tax if you wanted to sell it again.

Or you could buy a decent older bike.....like a 1970-76 CB750 for £5K to £8K, or a CB 500/550/CB400 for £4K to £6K and run it for a year or two and probably get back what you paid for it.........which is a lot better than keeping your dosh in the Bank earning 0.25% interest (legalised theft in my view).

The Dealer may have some fair points regarding long term values..........but if you have ever been to the Pioneer Run (19 March this year from Epsom Racecourse to Brighton) just check out the eye watering prices some of those pre 1914 bikes change hands for........which makes a very powerful argument supporting long term values for highly prized models.

I'll keep buying, selling and riding RHS thank you very much !
Title: Re: The demise of Classic Bikes
Post by: MCTID on January 06, 2017, 03:21:43 PM
Talking about the future.......these are the predictions of Dr Robert Goldman. I have no idea if he's right or if he's a nutcase, but it certainly get's you thinking.......probably more that that Bike Dealer who Roy Hall was talking to:                                                                                                                                                                                                                  FUTURE PREDICTIONS:
In 1998, Kodak had 170,000 employees and sold 85% of all photo paper worldwide. Within just a few years, their business model disappeared and they went bankrupt. What happened to Kodak will happen in a lot of industries in the next 10 years - and most people don't see it coming. Did you think in 1998 that 3 years later you would never take pictures on paper film again? Yet digital cameras were invented in 1975. The first ones only had 10,000 pixels, but followed Moore's law. So as with all exponential technologies, it was a disappointment for a long time, before it became way superior and got mainstream in only a few short years. It will now happen with Artificial Intelligence, health, autonomous and electric cars, education, 3D printing, agriculture and jobs. Welcome to the 4th Industrial Revolution. Welcome to the Exponential Age.
Software will disrupt most traditional industries in the next 5-10 years.
Uber is just a software tool, they don't own any cars, and are now the biggest taxi company in the world. Airbnb is now the biggest hotel company in the world, although they don't own any properties.
Artificial Intelligence: Computers become exponentially better in understanding the world. This year, a computer beat the best Go player in the world, 10 years earlier than expected. In the US, young lawyers already don't get jobs. Because of IBM Watson, you can get legal advice (so far for more or less basic stuff) within seconds, with 90% accuracy compared with 70% accuracy when done by humans. So if you study law, stop immediately. There will be 90% fewer lawyers in the future, only specialists will remain. Watson already helps nurses diagnosing cancer, 4 time more accurate than human nurses. Facebook now has a pattern recognition software that can recognise faces better than humans. By 2030, computers will become more intelligent than humans.
Autonomous Cars: In 2018 the first self-driving cars will appear for the public. Around 2020, the complete industry will start to be disrupted. You don't want to own a car anymore. You will call a car with your phone, it will show up at your location and drive you to your destination. You will not need to park it, you only pay for the driven distance and can be productive while driving. Our kids will never get a driver's license and will never own a car. It will change the cities, because we will need 90-95% fewer cars for that. We can transform former parking space into parks. 1.2 million people die each year in car accidents worldwide. We now have one accident every 100,000 km, with autonomous driving that will drop to one accident in 10 million km. That will save a million lives each year.
Most car companies may become bankrupt. Traditional car companies try the evolutionary approach and just build a better car, while tech companies (Tesla, Apple, Google) will do the revolutionary approach and build a computer on wheels. I spoke to a lot of engineers from Volkswagen and Audi; they are completely terrified of Tesla.
Insurance Companies will have massive trouble because without accidents, the insurance will become 100x cheaper. Their car insurance business model will disappear.
Real estate will change. Because if you can work while you commute, people will move further away to live in a more beautiful neighborhood.
Electric cars won’t become mainstream until 2020. Cities will be less noisy because all cars will run on electric. Electricity will become incredibly cheap and clean: Solar production has been on an exponential curve for 30 years, but you can only now see the impact. Last year, more solar energy was installed worldwide than fossil. The price for solar will drop so much that all coal companies will be out of business by 2025.
With cheap electricity comes cheap and abundant water. Desalination now only needs 2kWh per cubic meter. We don't have scarce water in most places, we only have scarce drinking water. Imagine what will be possible if anyone can have as much clean water as he wants, for nearly no cost.
Health: There will be companies that will build a medical device (called the "Tricorder" from Star Trek) that works with your phone, which takes your retina scan, your blood sample and you breathe into it. It then analyses 54 biomarkers that will identify nearly any disease. It will be cheap, so in a few years everyone on this planet will have access to world class medicine, nearly for free.
3D printing: The price of the cheapest 3D printer came down from $18,000 to $400 within 10 years. In the same time, it became 100 times faster. All major shoe companies started 3D printing shoes. Spare airplane parts are already 3D printed in remote airports. The space station now has a printer that eliminates the need for the large number of spare parts they used to have in the past.
At the end of this year, new smart phones will have 3D scanning possibilities. You can then 3D scan your feet and print your perfect shoe at home. In China, they already 3D printed a complete 6-storey office building. By 2027, 10% of everything that's being produced will be 3D printed.
Business Opportunities: If you think of a niche you want to go in, ask yourself: "in the future, do you think we will have that?" and if the answer is yes, how can you make that happen sooner? If it doesn't work with your phone, forget the idea. And any idea designed for success in the 20th century is doomed in to failure in the 21st century.
Work: 70-80% of jobs will disappear in the next 20 years. There will be a lot of new jobs, but it is not clear if there will be enough new jobs in such a small time.
Agriculture: There will be a $100 agricultural robot in the future. Farmers in 3rd world countries can then become managers of their field instead of working all days on their fields. Agroponics will need much less water. The first Petri dish produced veal is now available and will be cheaper than cow-produced veal in 2018. Right now, 30% of all agricultural surfaces is used for cows. Imagine if we don't need that space anymore. There are several startups that will bring insect protein to the market shortly. It contains more protein than meat. It will be labeled as "alternative protein source" (because most people still reject the idea of eating insects).
There is an app called "moodies" which can already tell in which mood you are. Until 2020 there will be apps that can tell by your facial expressions if you are lying. Imagine a political debate where it's being displayed when they are telling the truth and when not.
Bitcoin will become mainstream this year and might even become the default reserve currency.
Longevity: Right now, the average life span increases by 3 months per year. Four years ago, the life span used to be 79 years, now it's 80 years. The increase itself is increasing and by 2036, there will be more than one year increase per year. So we all might live for a long long time, probably way more than 100.
Education: The cheapest smart phones are already at $10 in Africa and Asia. Until 2020, 70% of all humans will own a smart phone. That means, everyone has the same access to world class education.
Robert M. Goldman MD, PhD, DO, FAASP
www.DrBobGoldman.com
World Chairman-International Medical Commission
Co-Founder & Chairman of the Board-A4M
Founder & Chairman-International Sports Hall of Fame
Co-Founder & Chairman-World Academy of Anti-Aging Medicine
President Emeritus-National Academy of Sports Medicine (NASM)
Chairman-U.S. Sports Academy’s Board of Visitors
FREE Health Longevity info newsletter at: www.WorldHealth.net
Title: Re: The demise of Classic Bikes
Post by: Tomb on January 06, 2017, 04:31:04 PM
I can understand people who put lots of money into restorations that would like to think they are then worth (nearly) what they have put into them, it helps us justify spending that much money. However if you restore a bike for your own benefit surely you will never get that money back as you will want to keep the bike.

Personally I really couldn't give a monkeys how much my bike is worth, even to the point that I would like it to be worth nothing, that way if I need parts someone will sell parts at what they are REALLY worth rather than some stupidly inflated price because its for an expensive exotic classic. I ride my old bikes because I like them and because I can afford them.

As well as Hondas I have old XS1100's, they are the same era as CBX1000s, Z1000s, but much more usable in real riding conditions, there are still loads of them in use on the road, (the Germans have 5 different clubs just for XS1100s) BUT don't hold a tenth of their counterparts' value. Some of the 4000 members of the US XS1100 forum complain about the low value but I like the fact they are so low valued, if they became valuable the prices of spares would rocket.

I've owned my CB550/CB500s for 32 years, bought when folk were giving them away for silly money as the new GPZ ranges were popular. Now prices for spares are shooting up as they have become popular for the latest craze of Brat Style bikes, I can't wait for that craze to fizzle out so I can get back to cheap parts again.

I have to agree with the dealer.
Title: Re: The demise of Classic Bikes
Post by: paul G on January 06, 2017, 04:51:27 PM
Anybody want to but a Honda 400/4 550K3 or a Kawasaki Z650 As I am going to live to be 120 but have no job ;) ;)
Title: Re: The demise of Classic Bikes
Post by: royhall on January 06, 2017, 05:44:48 PM
Dr Goldman in the article posted by MCTID has an very simplistic view of the world. What he fails to state, is that most of the company's effected by the IT revolution will slowly transform into different entities not just stay the same and fail like Kodak did. There are many old photo based companies that are still around and thriving such as Fuji. Kodak was just badly managed, simple as that. Its way more likely that companies like Uber that have no assets will disappear in an aggressive takeover. So I think Dr Goldman has plain got it wrong. Anything that has a decreasing customer base and hostile government legislation against it, such as motorcycling, will die out eventually. :(

So this is the heyday, get out there and enjoy it. :)
Title: Re: The demise of Classic Bikes
Post by: philward on January 06, 2017, 06:11:52 PM
What a deep discussion! Often think on the same lines as Dr Goldman. In the 70's we where told that we would all be working 15 hours week - I still think robots/computors will take most jobs but our whole structure of society will have to change as business's have to sell to end of line consumers and without income from jobs, who's going to buy anything! Distribution of money will have to change.
But back to bikes! - we are living in the final stages of enjoying motor cycling - the next generation will be legislated off the road unfortunately. 
Title: Re: The demise of Classic Bikes
Post by: Trigger on January 06, 2017, 06:17:53 PM
Very interesting Roy, but I have restored and sold a lot of these bikes over the years and not one of those customers had that bike when they were younger. All my customers just like the look of the classic bike and answer me this, why are people going out and buying Harleys, when they never had them when they were younger ?
Do people go out and buy a 400 year old painting because they had one when they were younger  ;D
Like the man said Trig, these were the aspirational bikes back in their youth that maybe they couldn't afford, or parents wouldn't allow? Plus how many young (under 25) people come and buy a 500/4. The point he makes is that although its a strong market right now, the customers are mainly aged people that wont remain long term. After that the classic scene (for motorcycles) is finished. This was his view not mine I should point out.

Sold a Blue 400/4 to a 26 year old, a Red 400/4 to a 27 year old and I think Steph 550 is only 25 years old but, have not got a clue why she got into classic bikes.
I recall that CR21 is only 21 years old and just had a look at my records for the past year to find that 80% of the SOHC engines I have built have been to customers under the age of 40.
Title: Re: The demise of Classic Bikes
Post by: K2-K6 on January 06, 2017, 06:40:22 PM
Interesting discussion, I was in Kodak for 20yrs so got to see that process happening.

Kodak more or less produced the prototype digital camera but it failed to see or interpret what that future could bring. It was a lot longer process than that which Dr Goldman documents. It was really the rise in computer processing ability coupled with the drop in size and power requirements that came to commercial realisation that brought the original concept to the consumer.
The original view of the dealer seems to be correct. Apart from some niche volumes of trading in vintages bikes there doesn't appear to be much margin in it, this is principally because the supply side is so limited in comparison to gearing up to make new products.
The irony is that it's interesting to us exactly because of that, we are dropping out of the leading commercial trading because we can get what we want without even getting into that whole latest biggest best type scenario that advertising railroads people into.

I've a little detail that a friend gave me that I use to put something of this monetary value into perspective. He bought, under family duress, a people carrier type car for him his wife and three kids, kind of didn't really have the enthusiasm for it but went with it anyway. Two years later, they didn't want it and it lost him £18,000!!!!  on selling it. He really got next to nothing for that amount, his feelings not mine. Now I know I could get quite a bit SOHCige for that money and it most likely wouldn't be going down.

If we are not trading them,  we are buying experiences, how much is that worth?
Title: Re: The demise of Classic Bikes
Post by: Trigger on January 06, 2017, 06:46:54 PM
Anybody want to but a Honda 400/4 550K3 or a Kawasaki Z650 As I am going to live to be 120 but have no job ;) ;)

I will give you 99p for your 400/4 Paul  ;D
Title: Re: The demise of Classic Bikes
Post by: Johnwebley on January 06, 2017, 07:53:45 PM
some interesting progress from our favorite manufacturer


https://www.youtube.com/results?search_query=honda+self+balancing+motorcycle


or

 how computers have progressed
Title: Re: The demise of Classic Bikes
Post by: royhall on January 06, 2017, 08:06:21 PM
Anybody want to but a Honda 400/4 550K3 or a Kawasaki Z650 As I am going to live to be 120 but have no job ;) ;)

I will give you 99p for your 400/4 Paul  ;D
Dont do it Paul, I will give you two quid. ;D
Title: Re: The demise of Classic Bikes
Post by: matthewmosse on January 06, 2017, 11:30:13 PM
I got into sohc hondas because at the time they were cheap and plentifull, and I liked the look. No way were 500/4s a bike anyone I knew aspired to. Classic bikes, hmmm, me and my wife have always both liked them looks wise, even before we met. The british stuff is evocotive but a bit too involved and high priced. Its got nothing to do with having aspired to the bikes at a younger age but rather that they are fun and cheap to run. And this is a market that may well grow. My cousin had no bike interest and is the same age as me, 2 years ago he visited me for the first time in 15 years, he now has 2 classics of his own, a cb200 and a yamaha yr1 or somesutch, from the 60's as well as having given his first bike to his brother ( a honda cb100) and he's sold another cb200, thats after just a few gos on my rebel 125 2 years ago. Prices may fluctuate, but there are vast markets opening up where these bikes never went before. That cousin who I corrupted to bikes, he shipped the bike for his brother to Poland. Over there there are few classic bikes, not a lot of motorbikes there at all when I visited and then they were rather clunky looking old iron cirtain things of antiquated desighn. For a lot of us younger generation the modern bikes just don't appeal, looks or technology. If I want technology I get a car, stereo, gps all that. The appeal of the bike, hell the last time I had to call rac for a clutch issue, I had rebuilt the clutch roadside out of boredom by the time the rac van was near, ended up calling to say don't bother. Classic bikes appeal is wider than rose tinted specs of a generation who either saw them in shop windows or were lucky enough to own one back in the day. I spent enough time drooling over new bikes in the local stealership - mostly Suzuki and Yamaha, but ultimately the combination of poor service and low budgett meant older bikes that would never have been allowed near their showroom got a look in, I never looked back, rather each vehicle has been older than the last, the classic bug has bitten and I even have 1940's iron in the shed now. Look wider, at the classic steam and car rallies, plenty of youngsters attending who maybe cannot afford the older kit but who'd jump on a bike like the 500/4 for the classic look plus the fact its small enough not to need a garage, basic enough for a novice to be in with a shout at getting it running and doesn't need special tools. I once worked out there were about 14 tools needed to copletely strip my kh125 down to re paintable lumps, all from a very basic £20 toolbox, and the jobs could be done in an afternoon. Thats an accessible hobby.
Funny thing is though, I'm near broke these days but still couldn't care less about the value of the sohc bikes I own. I'd not sell even though I cannot afford to tax or insure them. They mean too much to me and it would probably be a case of once they were gone they'd be out of reach for the forseeable. Being broke is a tempoary setback due to childcare and unemployment leading to self employment. Selling my precious bikes - over my dead body ( well the 500/4 sidecar and the kh125 anyway. 1978 bmw on the other hand - those can go.
Title: Re: The demise of Classic Bikes
Post by: paul G on January 07, 2017, 08:36:15 AM
Anybody want to but a Honda 400/4 550K3 or a Kawasaki Z650 As I am going to live to be 120 but have no job ;) ;)

I will give you 99p for your 400/4 Paul  ;D
Dont do it Paul, I will give you two quid. ;D

That is going to stretch Triggers wallet ;D
Title: Re: The demise of Classic Bikes
Post by: Trigger on January 07, 2017, 09:18:19 AM
Anybody want to but a Honda 400/4 550K3 or a Kawasaki Z650 As I am going to live to be 120 but have no job ;) ;)

I will give you 99p for your 400/4 Paul  ;D
Dont do it Paul, I will give you two quid. ;D

That is going to stretch Triggers wallet ;D

Never had enough money to own a wallet Paul ;D Spent it all on brake lines  ;)
Title: Re: The demise of Classic Bikes
Post by: Binman180 on January 07, 2017, 09:33:16 AM
I don't know, I think there will always be a market for things like this. People are always drawn in by the fasions and relics of years gone. I'm 25 now, owned my 400f for 2 and a half years I guess and I wanted a 400 for a further few years before that, got swizzed for this one, what i was told was meant to be a light resto turned into replace anything engine related. It's my second bike after my honda xl varadero 125.

I wanted this bike as soon as I watched this video of a 350f for some reason: https://www.youtube.com/watch?v=emjPQhb8-nc

Obviously not because of nostalgia and noone in my family rides bikes other than my grandfather but he gave it all up before I was born. I just loved the look and I wanted to have something I could work on, It's been a pain and I've wanted to watch it burn a few times like anyone with a project but I love riding it, the sound, the smell and I love the look of it (I do wish it was a bit more powerful though...). plenty of my friends like it too and we have apprentices at work that are 16/17 and love it also despite there being lots of newer, nice, bigger and faster bikes in the parking area.

A friend of mine younger than me, his first "car" was a Land rover series IIa back when he turned 17. I don't know where he drew his inspiration for that, But it's pretty cool. I guess my point is that fads come and go certainly but I can't see the market for old classic bikes such as the ones on this forum will crashing to the point of worthlessness. I've come to terms with the fact it's not worth anywhere near as much as I've spent.
Title: Re: The demise of Classic Bikes
Post by: haynes66 on January 07, 2017, 10:42:03 AM
although there has been a huge downturn in younger riders coming into the biking world, it's still encouraging to see many new people coming into biking because of the whole fashion thing engendered by  "the bike shed" and other hipster/brat companies. all of a sudden it's cool to be 'cafe'.   as far as classics are concerned though, it's a good thing if prices have stabilized a little so people like you and me can still just about afford them. but as julie says, bikes are meant to be ridden, not stored away. all my bikes, including classics have always been ridden and i will only sell them when another project comes along or i'm too old to ride.
Title: Re: The demise of Classic Bikes
Post by: Sgt.Pinback on January 08, 2017, 07:40:53 AM
I had a short discussion yesterday with the manager in my local bike shop about the merits of classic bike ownership. As he put a different spin on things, I thought I would share it as a discussion point on the forum.

He is of the firm opinion that owning classic bikes such as ours is the worst financial investment for the future that anyone could make.

He points out that since I started on bikes in 1975 at the age of 16, that the bikes we have in our collections today, were back then aspirational. And let’s be honest, who in 1975 didn’t want a Z1. As my age group gets older and dies off, the younger generation will want the bikes that were aspirational to them such as Ducati 916 etc. Therefore there will be many of the bikes we think as classics for sale and the prices will plummet.

He also points out that very few youngsters are getting into motorbikes these days so there will be far fewer customers for our classics anyway. That’s a point that most of us can verify, the Isle of Man boat to the Classic TT is like a Saga Cruise. He thinks the reasons for this are many, but mainly due to legislation and the fact that teenagers are no longer around motorcycles to the extent that we were. Back then many people owned a bike for transport to work as cars were not yet affordable. He thinks that is why my age group still want Triumphs as that’s what our fathers and uncles rode, again aspirational.

He must believe what he says as this shop did have a few restored classics around that have now been sold off. On that point he thinks that most regular classics of the 60/70’s era have found their price ceiling and it is a good time to sell them off whilst there are still loads of customers around.

In my opinion he makes a few fair points, but as a major dealer he is probably only looking at the financial aspects. What price can you put on the enjoyment and interest they provide in the years up to our demise. Plus a lot of our collections wouldn’t be sold whatever, as we can’t stand to see them go. So who cares about the value after were gone?

What do you guys think?



The same people/generation that buy 70th classics buy new bikes.

That man has the wrong profession. He's selling what no one wants in a few years.
Either new or used.

Worst invest is buying a new bike.
Title: Re: The demise of Classic Bikes
Post by: MrDavo on January 08, 2017, 11:58:13 AM
I doubt many people alive had a Brough Superior when they were younger, but they do seem to be worth a boatload of money.
Title: Re: The demise of Classic Bikes
Post by: sonsman on January 08, 2017, 10:02:05 PM
Interesting discussion. I started riding in the mid 70's and like many others have been riding ever since. I had a few SOHCs in the early/mid-80's when they were dirt cheap. I have two seventies bikes now - a 750F2 and a KH400 which yes, I bought for nostalgic reasons but mainly because I enjoy riding. The CB and KH give me very different riding experiences. I also have a modern bike which is used for commuting, two up touring etc but the older bikes give me more involvement in lots of ways - riding, fettling, polishing.

If riders younger than me, and yes the numbers are reducing, enjoy different riding experiences then classics will survive.
Title: Re: The demise of Classic Bikes
Post by: MCTID on January 10, 2017, 09:06:44 PM
I commented on this thread a few days ago about the cost of a new Triumph Bonneville and how the numerous modifications that their Owners often do to make them more 'usable'......well from the TOMCC Forum today check out what this Owner of a 2012 model has modified on his bike to date.........and you can see why I think our sohc Hondas are a good investment for now and the future.

If a new Bonneville costing around £10K needs all these mods.....why would you buy one and what's a stock bike going to be worth a few years down the line - if you can sell it ?

2012 Bonneville - Recent mods:
tail tidy with smoked indicators.
extra 2 smoked red back repeater brake lights.
extra 2 clear flashing rear lights with red bulbs to ensure people hopefully don't rear-end me!
Matching front indicators.
2 spot running lights at front.
new speedo mount with new Tacho with all warning lights in instruments.
Relocated ignition switch to centre below instruments.
Gear indicator unit.
Heated handgrips.
Oil pressure electric gauge.
Oil temperature electrical gauge.
Auto chain oiler.
Hitec rear shocks.
Hitec full 2-2 stainless exhaust.
Triumph twin power tune 3.
Retrimmed brown seat.
Title: Re: The demise of Classic Bikes
Post by: royhall on January 10, 2017, 09:19:03 PM
He just likes tinkering Alan. I have a CB1300 with loads of bits on it, had nothing else to do at the time.
Title: Re: The demise of Classic Bikes
Post by: royhall on February 07, 2017, 07:01:05 PM
Well just as I said I don't know any young people into bikes, along comes a 22 year old and buys my 750F2 off me. And very excited about it is he. Maybe the classic scene is going to be the saviour of biking. Who knows. 8)
Title: Re: The demise of Classic Bikes
Post by: matthewmosse on February 07, 2017, 10:05:23 PM
All the lads at my last job had bikes, mostly dirt bikes though a few had road bikes. I was in the oldest quater of the workforce at a decrepid 35.
Title: Re: The demise of Classic Bikes
Post by: Trigger on February 08, 2017, 07:28:20 AM
Well just as I said I don't know any young people into bikes, along comes a 22 year old and buys my 750F2 off me. And very excited about it is he. Maybe the classic scene is going to be the saviour of biking. Who knows. 8)

See, you old boys worry too much ;D ;D
Title: Re: The demise of Classic Bikes
Post by: royhall on February 08, 2017, 07:55:20 AM
Well just as I said I don't know any young people into bikes, along comes a 22 year old and buys my 750F2 off me. And very excited about it is he. Maybe the classic scene is going to be the saviour of biking. Who knows. 8)

See, you old boys worry too much ;D ;D
What do you mean old, just because I can remember when water was free and you had to pay for porn. ;D ;D
Title: Re: The demise of Classic Bikes
Post by: paul G on February 08, 2017, 10:45:46 AM
Well just as I said I don't know any young people into bikes, along comes a 22 year old and buys my 750F2 off me. And very excited about it is he. Maybe the classic scene is going to be the saviour of biking. Who knows. 8)

See, you old boys worry too much ;D ;D
What do you mean old, just because I can remember when water was free and you had to pay for porn. ;D ;D

 ;D ;D ;D ;D
Title: Re: The demise of Classic Bikes
Post by: MCTID on February 08, 2017, 01:12:46 PM
What do you mean 'Pay for Porn' I don't ever remember paying for 'Porn'.

Hang on - my Missus just chipped in.......'Of course you did.....it's called Marriage'.

As usual the Good Lady is right...........
Title: Re: The demise of Classic Bikes
Post by: mike the bike on February 08, 2017, 02:56:06 PM
I remember when filling stations had free air.
Title: Re: The demise of Classic Bikes
Post by: matthewmosse on February 08, 2017, 07:38:32 PM
I remember when filling stations had free air.

They still do, just sit and wait til someone drives off whilst their air token is still live. Yes I am that cheap! Though normally I don't bother - I have a nice big compressor at home thats normally got a full tank as I like running the plasma cutter off it.
Title: Re: The demise of Classic Bikes
Post by: mike the bike on February 08, 2017, 08:25:09 PM
 +1 on the compressor.   Mine is in my woodwork shop at the end of the garden, a bit inaccessible for pumping up tyres so I made a reservoir out of a half-size Calor gas bottle.
Title: Re: The demise of Classic Bikes
Post by: andy120t on February 14, 2017, 04:09:30 PM
Sainsburys in Harlow has free air...and water.   Might be a long drive for some though! :)
Title: Re: The demise of Classic Bikes
Post by: MrDavo on February 14, 2017, 06:07:44 PM
Our local(ish) Sainbury's has free air too, however I always get pipped to the air pump by some muppet who takes longer to blow their tyres up than I'd take to change the wheels, and probably put new tyres on them too.....

Like CB radio and after hours drinking, I mostly lost interest in porn once it stopped being illegal.
Title: Re: The demise of Classic Bikes
Post by: taysidedragon on February 14, 2017, 11:40:26 PM
I'm seeing enough young lads getting interested in old classic bikes. We've got a few in the local bike forum including one who has renovated a good few Suzukis and Yamahas. He had one in Classic Bike of the Year recently. He also runs around on an old Matchless.

I went to the Haggis Gathering Autojumble in Lanark the other weekend and there were a lot of young guys under 40. (that's young to me!)

Bike shed and the like have made old bikes cool and long may it continue.  8)
Title: Re: The demise of Classic Bikes
Post by: andy120t on February 15, 2017, 12:12:13 AM
A few weeks ago now - (November, but near enough) and the old Volvo was being lined up for an overtake by a pair of immaculate two-strokes which had followed me through Harlow and onto the A414  going East. 

Windows were wound down and Little Mix switched off to allow my seven-year daughter to hear a pair of 80's two-strokes on full-chat.... surprisingly, she loved it... Ever since then, any vaguely noisy engine has been pronounced a 'buzzy-bee'as it scoots past! Fab  - the youngsters are still keen!
Title: Re: The demise of Classic Bikes
Post by: Green1 on February 17, 2017, 07:18:34 PM
I take back what I said I keep catching my brother starring at my bikes.
So I sold him my CG and now I can't get him off it.
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