Buying a new motorcycle and getting a good deal isn’t too difficult if you’re willing to do some research up front, there’s a lot of good info on the Internet, but what if you have your heart set on something a bit older and harder to find? And once you find it, is the deal you’re looking at a good one? What are those bikes selling for these days? The data is out there, but most folks don’t know how to dig it up. What if you could fire up an app on your smartphone while you’re standing there talking with the seller and find out what other bikes just like it have actually sold for?
That’s the idea behind The Fuelist:
Thousands of collector and classic vehicles change hands every month, transaction information–when available–is spread among many different sources, from online and live auctions to forums. The Fuelist continuously collects in-depth details for every one of these sales, from prices and locations, to original vehicle specifications, modifications and beyond. This mountain of data is organized into a single, centralized database.
They’re just getting started and it’s going to be a lot easier to get good info and spot meaningful trends with cars, simply because there a lot more being sold than motorcycles, but motorcycles are included and they are building a bigger data set all the time.
When I did a really quick search for Indian prices it brought up the chart shown above. Clicking on any dot brings up the details of that particular sale, showing not only when and where the sale took place, but details of the bike itself.
It will be a while before they have enough sales history to really be helpful and I have a hunch it might be more of a tool for the very high end where fully restored or completely original examples show a price range for collectors to consider. Outside of those perfect examples, repair and restoration costs and undiscovered mechanical issues could throw the value off by almost any amount.
Given the capabilities of big data to reveal information that was previously hidden, the longer a service like Fuelist is online gathering historical sales numbers, the better their numbers will be. You can try out their service now and sign up for their mobile app when it is released. Pretty neat.