Originally Posted by
Koyote
Let me address the points in
bold, one at a time:
1) It's easy to believe that everything is overpriced when you're the buyer.
2) In the absence of market failures (look up the proper definition of the term if you wish to address it - it actually has a specific meaning),
price is set by both demand (which you mention) AND supply (which you ignore).
If used bike prices are rising right now, it is likely because demand for bikes (esp those that are lower-priced) is rising right now (due to Coronavirus) and, at this time of year, supply of new bikes is not rising very much.
price is set by both demand (which you mention) AND supply (which you ignore).
.
With ALL due respect, not every make and model is "currently in demand". That's a very loose term/staement. Just because bicycles are selling really well right now, doesn't mean "everything" should go up. We need further data to tell us what is selling (the kind of bikes/brands/models) at what price point, before we just put a "demand" on the bicycle industry as a whole. Just saying.
