Triumph to enter used bike business with Triumph Approved

According to a media report, Triumph is gearing up to launch its used bike vertical called Triumph Approved by the end of October 2020.

Under Triumph Approved, the company will buy back used bikes from customers and sell them with warranty. Triumph will also offer finance options to customers.

The program will initially be launched in three dealerships. It will be introduced in at least 10 dealerships by December.

Triumph Approved will target first time buyers. The products that will be offered under this program will depend on customer demand.

The bikemaker offers a 2 year standard warranty on its bikes. The company is planning to offer a 1 year warranty on the used bikes.

Source