Used bike, we hear, offered for sale (7)

I believe the answer is:

peddled

'offered for sale' is the definition.
(as in peddling wares)

'used bike we hear' is the wordplay.
'used bike' becomes 'pedalled' (used pedals).
'we hear' shows a homophone (sound like).
'pedalled' is a homophone of 'PEDDLED'.

(Another definition for peddled that I've seen is " Went from place to place selling".)

I've seen this clue in The Times.

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