Originally Posted by pedpower

Good late morning all (PCT),

As my title of this thread states, where/how do LBS come up with the price and value they put on their used bikes? How accurate is bikebluebook.com? It seems like almost everything I look at is over valued/over priced. How do I educate myself on the current estimated values on the bikes I'm interested in? I have no problem paying the current market value, but like anybody who wants to over pay for something that's over valued?

I know the market is set by the purchaser, but where does that value come from? Is there an industry standard? How do LBS come up with a trade in value? Do LBS's have a system that they use? Or do they just throw out a number and hope someone comes around and pays their price?

Any help "you" could provide me would be greatly appreciated! Thank you in advance.