Originally Posted by
noobinsf
If you can wait, the COVID buying boom will rear its ugly head when things improve, so there will be a surplus. Crossing fingers for next spring (for reasons other than cheap bikes).
Originally Posted by
nlerner
I've had a 90s Jamis Exile rigid mtb for sale on Boston's CL for several weeks now with no bites. Where's that strong demand everyone is talking about?!
Yeah I think @
noobinsf has it right in that the used market is likely crashing but that may not have much impact on prices. Trade wars disrupted supply chains and Covid pushed up the demand for bikes. So used bikes went up in price as new ones disappeared. But that growth in demand cannot continue to go up at this pace and it will eventually start to flatten. But that may not change used bike prices much. Sellers think they are sitting on valuable inventory and there is little reason to lower prices since their inventory is a sunk cost and the cost of storage is zero other than the space they take up in a garage. The used bike market is not a rational one since sellers are not really in a business.