RECESSION? What recession? 😉 Paying a visit to DK MOTORCYCLES

RECESSION? What recession? 😉 Paying a visit to DK MOTORCYCLES | 29th Feburary 2024

Рет қаралды 22,507

4 ай бұрын

The UK is in recession apparently, so I paid DK Motorcycles a visit to see if the current econimical climate was having any effect on the prices of the classic bikes there.
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Пікірлер: 105

@Team-fabulous 4 ай бұрын

You can ask what ever you want for a motorcycle but that doesn't mean you're gonna get that. Crazy prices.. 😢😮😅

@derekb2765 4 ай бұрын

I didn't think that all the prices were crazy 🤔

@BibTheBoulderTheOriginalOne 4 ай бұрын

Stunning Z1300......so many memories in that store for a 1960's model human.

@derekb2765 4 ай бұрын

Yes, a beautiful bike. A shame I couldn't get better views of it, due to it being hemmed in 🫤

@overlandworld2253 4 ай бұрын

Your buying nostalgia. The British bikes of the 50's and 60's have fallen in price as that generation dies out. Now bring in the guys now in their 60's who grew up on 70's bikes with their houses paid for, a good pension and money in the bank. Older prestige bikes will always command a decent price, Vincent, Goldstar etc, but even a 1968 Triumph Bonnie has dropped in price compared to 15 years ago. UK economic problems? Not for people like me. Hence I have a 70's 2 stroke. The same will happen when we die.. 90's and 2000's bikes will be in demand. Although I feel slightly less so considering the younger people today are less likely to be bought up riding motorcycles and opt for a stepping stone before getting a car, such as electric bikes or scooters. I don't see the passion in today's generation for motorcycles as was in the past. With regards to pricing the market always decides. Dealers obviously inflate these. Plus some people will feel their bike is worth X amount. In reality I've followed some sales of private bikes that sit for months with no sale. As for people who buy as an investment the reasoning behind this escapes me. Unless you bought 30 years ago there is very little profit to be had. Buy, ride and enjoy before you eventually kick the bucket.

@derekb2765 4 ай бұрын

Thank you for the very comprehensive comments 👍 I think classic bikes can be bought as an investment, if one chooses wisely. Certain prestige bikes will always command strong residuals, the values of others will rise and fall depending on what's the flavour of the month!

@overlandworld2253 4 ай бұрын

@derekb2765 true, but can be as tricky as other markets such as art, stock markets, property, cars etc...plenty have caught a cold , even top banking institutions. To make serious cash you have to risks. Let's call it market speculation. To buy and take that risk you must be prepared to also lose money. A Kawasaki Z1 bought 20 years ago could possibly make you 10k profit , but is this a lot of money considering it could have been a gamble? Buy an MV Agusta back in the 70's, which is now worth a lot, still would have been shelling out an incredible amount of money at the time. Flipping motorcycles is nothing new...making a successful business out of it requires deep pockets and a lot of luck...and maybe a crystal ball 🤔 😉 😀

@derekb2765 4 ай бұрын

Can't argue with that! 👍

@mickymac6571 4 ай бұрын

Spot on with that assesment, 👍

@ronvalente65 4 ай бұрын

it's not the buying of the bike , many will need spares to restore and keep them running, I provisionally bought a Yamaha DT 175, but it needed a clutch part, seems it was a problem originally, their is none left, the only way to get the part was a company in the USA that was making them, with the cost of making and the import duty I walked away from it. you need to think before you buy.

@charliestoybox2099 4 ай бұрын

I could get in a lot of trouble in that store!

@derekb2765 4 ай бұрын

You'd be looking to repatriate a few of them I imagine! 😉

@charliestoybox2099 4 ай бұрын

@@derekb2765 😂😂😂

@johnbellamy6449 4 ай бұрын

enjoyed you visit Derek . owned one or two of the bikes when they were newish . wasnt impressed then with them . i enjoyed the Honda 750 4 , i tried a kawasaki z1 demo bike . lovely . thanks for sharing .

@derekb2765 4 ай бұрын

Glad you enjoyed the video. Which bikes didn't impress you? 🤔

@iansteele1269 4 ай бұрын

Excellent video Derek, very informative, I have 3 seventies two strokes and enjoy them immensely, can't say I'm concerned about prices rising or falling as I bought them for the pleasure of restoring and riding.

@derekb2765 4 ай бұрын

I bought mine for the same reasons as you, but also with half an eye on their values. Hopefully I can at least get back what I've paid out for my bikes, although that will be unlikely with my S2A and CB750. 😊

@paulcooper5610 4 ай бұрын

Can't believe the prices of the 2 strokes still, I guess I wasn't lucky enough or just didn't maintain them well enough to of ever owned a good one back in the 70's and 80's, mine all went bang. So I'm one of the few who has no interest in them at all, at any price, I'm much happier with a good reliable 4 stroke and even then I prefer to buy something simple to maintain like a single or a twin cylinder bike. My classic of choice is a CX500, simple to maintain and good enough performance for modern day use, they are also cheap to buy and loads of spares still available as they made them in large numbers back in the day. I must try to get up to DK when the weather improves as I love looking at Japanese classics. Thanks for the video.

@derekb2765 4 ай бұрын

I agree, the prices of some of the 2-strokes are through the roof. Maybe the fact that a lot of them went BANG is the reason for their rarity! 😉

@mariodemarco9749 4 ай бұрын

You don't like two strokes and a CX500 is a good bike. Dear God, have you no taste?

@derekb2765 4 ай бұрын

😂

@jon-paulgrainger1303 4 ай бұрын

That first Z1b you shown was beautiful 👌.

@derekb2765 4 ай бұрын

They all looked to be in good condition to be fair 🤔

@NodbodRS 4 ай бұрын

Memorable bikes an nightmare bikes at the same time. Enjoyed watching that.

@derekb2765 4 ай бұрын

Glad you enjoyed it. Thanks for watching! 👍

@splodge5714 4 ай бұрын

Some nice bikes but alll way overpriced. I'm amazed they manage to sell any of them.

@medler2110 4 ай бұрын

If you price high you can always drop the price, can't really go the other way, I'm sure they are open to a haggle.

@derekb2765 4 ай бұрын

I don't think they were WAY overpriced. 🤔 And the discount off the Z1-R Turbo shows they're open to negotiation.

@splodge5714 4 ай бұрын

The fact they were asking £25,000 for it and eventually sold it for £20,000 shows it was way overpriced.😂

@TheMagicalwill 4 ай бұрын

They probably paid half that for it as they buy in bulk @@derekb2765

@alistairshaw3206 4 ай бұрын

Great video again, Derek. I visited DK on my way back from the Stafford show in October. I bought my CB360 from them, but wish I had gone to look at it before I bought it. They didn't say anything about the rotten exhausts and that it ran on only one cylinder! Why do Americans run a bike, and then leave it lying for years?

@derekb2765 4 ай бұрын

Did you just buy the CB after seeing pictures of it on eBay? Some people vow to fix their old bikes, but never get round to it. 😬

@alistairshaw3206 4 ай бұрын

@derekb2765 Yes, I did ,silly me! It only had 4500 miles on the clock but must've been lying in damp storage for many years. It came from Wyoming. The piston rings were seized into the piston on one cylinder. It's running well now, but I spent a fortune on it!

@derekb2765 4 ай бұрын

Not silly at all. That's how I bought my S2A during covid. I used my engineering judgement from the photos and took the chance. The bike was worse than I'd expected, but I'd anticipated that👍🏿 You can be proud of yourself for bringing another one back from the dead! 😃

@medler2110 4 ай бұрын

You find many bikes in the UK that have sat in a garage, shed or barn for decades, I've just finished restoring one I put in a barn in 2000, after it had engine problems, I fully intended to do it up long ago, but time, money and lack of any where to work stopped me, but I didn't want to sell it as I bought it in 1984 and then did a load of modifications, the longer it sits here the more life gets in the way and less likely it is to happen. Having done that bike I'm doing up a GPZ900, that had sat in a garage for 18 years, as the owner said, he meant to get it done, but mortgage, children, took up his money and time. I know it also happens with cars, even busses and trucks, but bikes are easier to put aside in a garage and forget than cars, as they don't take as much space. I did notice a load of bikes that had been stored come on the market just after Covid, I think people were at home, so "tidied" up and also were looking for room for an office so they could work from home.

@derekb2765 4 ай бұрын

Good points well made 👍

@errorsofmodernism7331 4 ай бұрын

I wish I still had my 1975 Z1. I have great memories of that.

@derekb2765 4 ай бұрын

Why not bag yourself a replacement? Right at the start of the biking season too! 😃

@TheNobbynoonar 4 ай бұрын

All very nice, and if you have deep pockets, go for it. But, as others have commented, maintaining some of these machines can cost a small fortune. Parts sellers have sussed that certain parts are unavailable and hike prices accordingly. I know of someone who recently spent thousands of pounds and may hours getting his dream bike together, only to realise that it wasn’t quite the bike he remembered from his youth. After calculating his time sourcing parts, getting parts plated, putting it all together etc…. He was shocked at how much time and effort it cost him. He sold it on at a loss and got himself an MT-07 Yammie, which he really likes. Oh, BTW, as much as I love these classics (owned a few back in the day) The ride, handling, braking etc are no match for a lot of bikes built from the 90’s. The Japanese really started to get their act together by then. Peace✌️

@derekb2765 4 ай бұрын

Thanks for the comprehensive comment. 👍 I think it just depends on what you want from motorcycling. 🤔 I enjoy both classic and modern bikes, but for different reasons. E.g. I enjoy the challenge of getting (and keeping!) my classic bikes running properly, but then I'm glad I also have a modern bike that I know will start on the button and get me to where I'm going! 😃 Regarding the cost of restoring or maintaining classics, I'll never get back the man hours I've put into mine, but I don't look at it as a loss, as it's my hobby, and has helped me grow as a person. 😃

@stevecambers3190 4 ай бұрын

Nice vid. Some great bikes...

@derekb2765 4 ай бұрын

Glad you enjoyed the video. DKs is an interesting place to visit, whether you intend to buy something or not 🤔

@michaelfraser5723 4 ай бұрын

THE WHOLE GAME IS A CON, AND WE ARE BEING CONNED.

@derekb2765 4 ай бұрын

🤔

@fonziebulldog5786 4 ай бұрын

@derekb2765 4 ай бұрын

Social commentary perhaps? 🤔

@shamuso1596 4 ай бұрын

Id be like a kid in a kandy shop, might sell my house and go buy them all😊

@derekb2765 4 ай бұрын

Ha ha, as long as you restore the non runners, and don't leave them in your garage as future projects!!! 😉

@retro423 4 ай бұрын

I would love another Z1 but those prices are still too high for me, I bought my Z1B new in 1975 for £1200 which would be the equivalent of £10,800 today

@derekb2765 4 ай бұрын

You might get one privately for around that money? 🤔

@WoBlink1961 4 ай бұрын

My word, don't CBXs look bloody ridiculous with those stupid Yank high rise bars on them????

@derekb2765 4 ай бұрын

They are rather high aren't they! 😯

@cabovermike 4 ай бұрын

I had a 1970 yr5 350 yamaha with high bars fitted when i bought it new, brilliant for wheelies , i put flat bars on it later, i like the high bar look, especially on cb750's, and as for american styling, those king and queen seats !, bleeding awfull looking things,.

@derekb2765 4 ай бұрын

Yes, those seats always jar with the overall asthetic! 😬

@camperp195 4 ай бұрын

Rather have a 70,s or 80,s bike any day,just love em,id have the kwak thou in a heartbeat

@derekb2765 4 ай бұрын

I agree. Those bikes just have so much character. So idiosyncratic 😀👍

@cabovermike 4 ай бұрын

The Re5 rotary was expensive for a rusty old pos !, honda cb750k2 wasn't far off price wise and condition, z1300 surely would have been the wrong side of £25k, z1a/b ballpark prices, why so many bikes just on display and not for sale ?,. ive been watching a few auctions lately and bikes failing to reach reserves and some bikes getting no interest is common , silverstone/iconic auctions at nec and excell, plus manor park classics and bonhams all up and down prices, yet check mecam auctions and iconic auctions in usa and the yanks paying silly money for some bikes, .ive seen Rc30's sell at sub £20k and a brand new R7 go for £32.5k,.Rose tinted specs have been removed by some folk, personally i think the bubbles burst on "classics" short summers and long winters, no money and old riders packing it in dosent help either, young blood not into older classics and older generation hanging onto their money, theres not enough "Dereks" in the world,.

@derekb2765 4 ай бұрын

I agree with you. Prices are generally down, although the prices of certain models are remaining firm. Can't understand the crazy prices at Mecum last January. Heard of a 1972 Z1 that recently sold here in the UK for £43k ($54,430). 😯 I agree that these classics only have a limited shelf life, as their fanbase starts to die out. 😞

@craigkaschan4822 4 ай бұрын

Would love one of those Z1’s.

@derekb2765 4 ай бұрын

Yes, and they weren't outrageously priced either 👍

@philipashley1517 4 ай бұрын

Great video mate, the M6 is never kind😂👍

@derekb2765 4 ай бұрын

Glad you enjoyed the video! 👍 As for the M6, I had to resort to the M6 Toll on the way back. Bloody 8 pounds and 90 pence!!! 🤬

@philmulrooney7020 4 ай бұрын

There’s a good reason that Z1 R Turbo has a tank shaped like a coffin😮

@derekb2765 4 ай бұрын

Ha ha, like it! 😂

@murraylove3632 4 ай бұрын

Cool bro...

@derekb2765 4 ай бұрын

Thank you. And thanks for watching 👍

@blackvanandrobin6413 4 ай бұрын

Yeah man

@derekb2765 4 ай бұрын

Thanks for watching! 👍

@paulharrison8155 4 ай бұрын

I'm pretty sure they will be keeping that Z50A monkey for some time at £5499 There was an identical bike for sale down at the Classic Bike Show at Shepton Mallet a couple of weeks back and nobody was interested in that at £2400

@derekb2765 4 ай бұрын

Yes, I thought that prices of that and the Indian Bambino were rather 'steep'. And I'm sure the kickstart on the Indian isn't standard lol 😂

@jonnypollard4304 4 ай бұрын

Nice video thanks Derek. As others have said, the real issue in the medium term is one of demographics, ie the people interested in the bikes you show here are probably now in their 60s. Guys in their 50s and younger will have no connection with anything you have shown here. Thus the only way is down, for these prices in the long term. Not an issue though if you buy something because you love it.

@derekb2765 4 ай бұрын

You might get the odd stray 50-something that takes an interest - such as myself 😉. But you're right - in long term, interest for these bikes will eventually wane 😕

@michaelarchangel1163 4 ай бұрын

Z1R TC - Trouble Coming, if the crank hasn't been welded up.

@derekb2765 4 ай бұрын

Really? Tell us more! 😯

@michaelarchangel1163 4 ай бұрын

When they were sold, even as standard, new owners had to sign a declaration of no warranty claims for engine problems. The engines were moderately safe for 'normal usage' but dodgy for continual overenthusiastic launches. They were all but guaranteed crank twisters if the boost was increased, the result being valve/piston carnage. A pal raced a highly tuned Z1000 in a Harris frame and even that had a welded up crankshaft to be able to cope with the extra poke from using a high octane fuel and a massive compression ratio.@@derekb2765

@124SpecialT 4 ай бұрын

The big Z’s run a pressed up crank that can twist when given a lot of boost. Tuners recommend welding the pins to the webs and once that’s done they will take insane amounts of abuse.

@derekb2765 4 ай бұрын

Why weren't they engineered with an uprated crank as standard? 🤔 Probably a cost issue I imagine, given the low volumes.

@p.istaker8862 4 ай бұрын

The prices of these will fall and not too far into the future. There is very little young blood coming into motorcycling and even less into classic motorcycles. Prices have been inflated, largely by middle aged people with disposable incomes.

@derekb2765 4 ай бұрын

Unfortunately true. Any interest from younger generations must be strongly encouraged! 😉

@paulcooper5610 4 ай бұрын

Luckily we are not all the same otherwise we would all be riding ugly bmw GS's

@derekb2765 4 ай бұрын

Eeew! Talk about a dystopian vision! 🤮😉

@neilgill2269 4 ай бұрын

The price of bikes,spares,clothing insurance,is a ripoff! It's mostly old farts,(like me)that keep it rolling, saw in a shop the other day,a price tag of £900!for a pair of leggings, If you fell off,the insurance would pay you £20 quid,!

@derekb2765 4 ай бұрын

Most things these days are a rip off! 🙄

@HorseMalone 4 ай бұрын

I've had to deal with that lot....rip off artist extraordinaire.

@derekb2765 4 ай бұрын

Really? Would you care to share your experiences? 🤔

@pujapete3665 4 ай бұрын

unrestored bikes= money pit

@derekb2765 4 ай бұрын

It's all about getting them for the right price. Not easy! 😬

@chrisbennett7039 4 ай бұрын

Strewth!!! Why would you bother... Anyone buys one of them has too much 💰

@derekb2765 4 ай бұрын

I don't think the prices are generally so far off. But I wouldn't pay the asking price for any of the bikes! 😉

@rayobrien4274 4 ай бұрын

yeah there all rip off merchants in there be careful with them

@derekb2765 4 ай бұрын

Go in there with your best poker face and haggle! 😉

@rayobrien4274 4 ай бұрын

@@derekb2765 we’ve delt with them in the past there not good they say there the best and sell thousands of bikes but it’s afterwards I would stay away.

@derekb2765 4 ай бұрын

Their aftersales service is not good? 🤔 What went wrong?

@user-gs6ib2nm1e 4 ай бұрын

But of course it’s all a massive lie and a huge con not one of those bikes are worth anything like the prices that all these sharks are charging for them I’ve been a biker for over 40 years and I’ve seen it all 😊

@derekb2765 4 ай бұрын

They're worth what people are prepared to pay for them 🤔