Modern Vespa

Selling my
2020 MP3 500 hpe, almost 3000 miles
$8000 seems to be the right neighborhood?
Opinions?

Seems a bit optimistic for a 3 year old bike whose original selling price just a shade over $9K

3k miles means basically new bike though. But yes, the price ask is something I'd negotiate on. I got my 2018 model (sold in 2019 as a 2019 model) in 2020 for a bit over US$6k. Mine had 600 miles on it.

I bought the MP3 for 2up, but that's not possible, as my passenger's vertigo is exacerbated after a ride for a few days...
Solo I'm happy riding my Liberty, The MP3 is more work, less suited to my increasing decrepitude, much more complicated, more expensive

Probably closer to $7k than $8k, depends on what Piaggio imports to the Bay area over the next few months, Elk Grove & Scuderia both have models $9k-$10k
I can wait for prime riding season

I bought now mp3 2021 pre owned with 250 miles in perfect shape for 8700$ . the new models cost out of the door 14K . Mine drives great and it's like new .

The new 530 HPE is not going to find a lot of uptake in the US market at those ridiculous prices, especially since the old 500 was already a odd duck and a perennial slow seller at $9K.

There are far better bikes to be had in the mid teen price range.

The price of everything is going up about the same. Have you looked at a new pickup lately? Top of line model will cost you $125,000. Doesn't make a scooter look very expensive at all. That same truck you could get in 2006 for about 50,000.

Don't care about pickups or electric cars or anything eco.

I'm just saying that with a 4-5K price hike sales are going to go down from the piddly little marketshare Piaggio had in the US. For 15K you can get much more bike that was far better built and is far easier and less expensive on the maintenance than Piaggio.

Last edited by sbaert on Mon, 20 Feb 2023 05:02:42 +0000; edited 1 time

I think they take the niche attitude to this product. Monopoly on the market of the 3 wheel. I am sure their 2 wheel bikes have more streamlined pricing structure that align with other competitive products.

14k can really buy nice wheels.

🤣😂😅

This inflates the used market, increasing the value of my 2020

I bought a 1999 Toyota in 2014 for $2500, I could sell it today for close to $5,000. Prices have gone crazy for vehicles.
I work at a Maaco Auto Body Shop a buddy owns as my retirement job, we are booked out over a month for repaints because people don't want to buy a new vehicle do to price increases.
And this is the slow time of year.

I been low key searching for a MP3 to replace the one that died on me three years ago. And there's just no way that I'll pay 15k for a 2023 model, cruise control and the new screen looks nice but its not worth double what I can find on the used market for a 2020 mp3.
The market for MP3s in the US are so small that any used bike will depreciate like crazy and I wouldn't be surprised to see that 2023 price halved in just a year or two.
Not that I think $15k is unreasonable considering that I paid $10k for my very first Fuoco 14 years ago..

In my area in California, just one 2008 MP3 500 selling for $6.5k - admittedly low milage (5k miles) but still...

I went out in the ice & snow, the MP3 reduced pucker by 80% [compared to two wheels], makes me want to keep it as transportation of last resort
While there is a dealer in town, the clock is running for how many years they will work on it

Find a good independent mechanic and build a good relationship. As a rule dealer service shops are completely overpriced and in no way always superior as far as the quality of the work goes. By having a good relationship with a mechanic, they can do all the maintenance you need as a rule, and they'll tell you when there's something that requires dealer support. That said, not using a certified shop will void the warranty (provided the bike is still in that period, which doesn't last long with the MP3 ).