Trek Financial Problems
#1
Newbie
Thread Starter
Join Date: Mar 2024
Posts: 3
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 3 Post(s)
Likes: 0
Liked 0 Times
in
0 Posts
Trek Financial Problems
With Trek's recent announcement of major financial cut backs, do you think it's best to wait a few months before purchasing a Domane SLR 7 Gen 4 to see if there's a price drop?
#2
Newbie
Thread Starter
Join Date: Mar 2024
Posts: 3
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 3 Post(s)
Likes: 0
Liked 0 Times
in
0 Posts
Trek Financial Problems
With Trek's recent announcement of major financial cut backs, do you think it's best to wait a few months before purchasing a Domane SLR 7 Gen 4 to see if there's a price drop?
#3
Senior Member
Join Date: Jul 2007
Location: South shore, L.I., NY
Posts: 6,885
Bikes: Flyxii FR322, Cannondale Topstone, Miyata City Liner, Specialized Chisel, Specialized Epic Evo
Mentioned: 18 Post(s)
Tagged: 0 Thread(s)
Quoted: 3242 Post(s)
Liked 2,089 Times
in
1,182 Posts
They are having a sale currently, I have seen some prices as much as 20% off
#4
Senior Member
The "right sizing" Trek announced was a 10% cut in spending and a 40% cut in the number of stock units they carry. No mention of discounting in that game plan.
They've already cut their losses. They're trying to reduce risk by streamlining their ops and tapering the number of models they carry. Otherwise they might be left with even more inventory that isn't selling.
I don't see them reducing prices on current inventory anytime soon.
They've already cut their losses. They're trying to reduce risk by streamlining their ops and tapering the number of models they carry. Otherwise they might be left with even more inventory that isn't selling.
I don't see them reducing prices on current inventory anytime soon.
#5
Senior Member
Join Date: May 2010
Location: Bastrop Texas
Posts: 4,483
Bikes: Univega, Peu P6, Peu PR-10, Ted Williams, Peu UO-8, Peu UO-18 Mixte, Peu Dolomites
Mentioned: 13 Post(s)
Tagged: 0 Thread(s)
Quoted: 968 Post(s)
Liked 1,631 Times
in
1,047 Posts
#6
Newbie
Thread Starter
Join Date: Mar 2024
Posts: 3
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 3 Post(s)
Likes: 0
Liked 0 Times
in
0 Posts
I've seen that, Steve. But no discount on the Domane SLR 7 Gen 4. Just deciding whether to wait a few months to see if Trek's pretty significant financial problems and looming cuts will cause them to drop the price on that bike.
#7
-------
Join Date: Jul 2020
Location: Tejas
Posts: 12,797
Mentioned: 2 Post(s)
Tagged: 0 Thread(s)
Quoted: 9656 Post(s)
Liked 6,366 Times
in
3,506 Posts
Trek is fine. They are overstock on certain models, and have marked down the prices on those models to move overstocked inventory. The SLR line has always been a more limited production line, so I doubt you will see much movement on those models.
If you are a repeat customer with Trek and the store, ask for the loyalty discount.
Saying Trek has "significant financial problems" is probably a significant overstatement.
If you are a repeat customer with Trek and the store, ask for the loyalty discount.
Saying Trek has "significant financial problems" is probably a significant overstatement.
Likes For Mojo31:
#8
Senior Member
Join Date: Dec 2010
Location: northern Deep South
Posts: 8,904
Bikes: Fuji Touring, Novara Randonee
Mentioned: 36 Post(s)
Tagged: 0 Thread(s)
Quoted: 2604 Post(s)
Liked 1,933 Times
in
1,213 Posts
If you need to buy a bike, go ahead and do it. Since the weather is (or is about to) turn warmer, there's no since playing pricing games when you could be riding your new bike.
If you just want to get N+1, the choice is yours.
If you just want to get N+1, the choice is yours.
Likes For pdlamb:
#9
Senior Member
Join Date: Aug 2009
Posts: 1,816
Mentioned: 5 Post(s)
Tagged: 0 Thread(s)
Quoted: 503 Post(s)
Liked 634 Times
in
374 Posts
A current model year bike that is still around unsold near or after the end of the year will in most likelihood be discounted, by how much and size availability aside, how much is having that bike now worth to you?
#10
Forum Moderator
Join Date: Jul 2007
Location: Kalamazoo MI
Posts: 20,650
Bikes: Fuji SL2.1 Carbon Di2 Cannondale Synapse Alloy 4 Trek Checkpoint ALR-5 Viscount Aerospace Pro Colnago Classic Rabobank Schwinn Waterford PMount Raleigh C50 Cromoly Hybrid Legnano Tipo Roma Pista
Mentioned: 59 Post(s)
Tagged: 0 Thread(s)
Quoted: 3091 Post(s)
Liked 6,601 Times
in
3,785 Posts
Merged duplicate threads.
__________________
#11
Senior Member
Join Date: May 2022
Location: USA - Southwest PA
Posts: 3,100
Bikes: Cannondale - Gary Fisher - Giant - Litespeed - Schwinn Paramount - Schwinn (lugged steel) - Trek OCLV
Mentioned: 6 Post(s)
Tagged: 0 Thread(s)
Quoted: 1401 Post(s)
Liked 1,886 Times
in
1,085 Posts
overstock is not new - including Trek
I purchased a new 1992 5200 in summer of 1993 - when Trek was blowing out excess inventory … at that point it was primarily road bikes in the smallest and largest sizes … the markdowns were significant
this was back in the fax days … dealer / friend notified me - ordered two sizes (so I could decide on size)
I purchased a new 1992 5200 in summer of 1993 - when Trek was blowing out excess inventory … at that point it was primarily road bikes in the smallest and largest sizes … the markdowns were significant
this was back in the fax days … dealer / friend notified me - ordered two sizes (so I could decide on size)
Likes For t2p:
#12
-------
Join Date: Jul 2020
Location: Tejas
Posts: 12,797
Mentioned: 2 Post(s)
Tagged: 0 Thread(s)
Quoted: 9656 Post(s)
Liked 6,366 Times
in
3,506 Posts
overstock is not new - including Trek
I purchased a new 1992 5200 in summer of 1993 - when Trek was blowing out excess inventory … at that point it was primarily road bikes in the smallest and largest sizes … the markdowns were significant
this was back in the fax days … dealer / friend notified me - ordered two sizes (so I could decide on size)
I purchased a new 1992 5200 in summer of 1993 - when Trek was blowing out excess inventory … at that point it was primarily road bikes in the smallest and largest sizes … the markdowns were significant
this was back in the fax days … dealer / friend notified me - ordered two sizes (so I could decide on size)
#13
Klaatu..Verata..Necktie?
Join Date: May 2007
Location: SF Bay Area
Posts: 17,984
Bikes: Litespeed Ultimate, Ultegra; Canyon Endurace, 105; Battaglin MAX, Chorus; Bianchi 928 Veloce; Ritchey Road Logic, Dura Ace; Cannondale R500 RX100; Schwinn Circuit, Sante; Lotus Supreme, Dura Ace
Mentioned: 41 Post(s)
Tagged: 0 Thread(s)
Quoted: 10440 Post(s)
Liked 11,914 Times
in
6,101 Posts
overstock is not new - including Trek
I purchased a new 1992 5200 in summer of 1993 - when Trek was blowing out excess inventory … at that point it was primarily road bikes in the smallest and largest sizes … the markdowns were significant
this was back in the fax days … dealer / friend notified me - ordered two sizes (so I could decide on size)
I purchased a new 1992 5200 in summer of 1993 - when Trek was blowing out excess inventory … at that point it was primarily road bikes in the smallest and largest sizes … the markdowns were significant
this was back in the fax days … dealer / friend notified me - ordered two sizes (so I could decide on size)
__________________
"Don't take life so serious-it ain't nohow permanent."
"Everybody's gotta be somewhere." - Eccles
"Don't take life so serious-it ain't nohow permanent."
"Everybody's gotta be somewhere." - Eccles
#14
Senior Member
Join Date: Mar 2012
Posts: 982
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 506 Post(s)
Likes: 0
Liked 639 Times
in
357 Posts
Waiting "a few months" pretty nearly puts you into the fall and if there is inventory left, shops will likely offer some price deals. It's always a gamble as to whether the size and model you want will be in that category.
#15
Steel is real
Join Date: Mar 2013
Location: Not far from Paris
Posts: 1,966
Bikes: 1992Giant Tourer,1992MeridaAlbon,1996Scapin,1998KonaKilaueua,1993Peugeot Prestige,1991RaleighTeamZ(to be upgraded),1998 Jamis Dragon,1992CTWallis(to be built),1998VettaTeam(to be built),1995Coppi(to be built),1993Grandis(to be built)
Mentioned: 2 Post(s)
Tagged: 0 Thread(s)
Quoted: 670 Post(s)
Liked 977 Times
in
648 Posts
I am glad that I baught last year my older USA made Trek frames at bargain prices when Trek was something special back then and made their frames in the USA. I am beyond happy with my 1999 Trek 6700 SLR and my 2006 Trek 6500 SLR mountain bikes projects finished . My 2300 SLR from 1999 US made road frame is a very nice frame and will make a great road bike.
#16
Senior Member
For as long as I can remember, owning a bike shop meant wearing a tight belt, and working at a bike shop paid the same as in a fast food restaurant. When I was working in a bike shop my boss was happy to pay me in parts and accessories when cash was short.
#17
Clark W. Griswold
Join Date: Mar 2014
Location: ,location, location
Posts: 13,538
Bikes: Foundry Chilkoot Ti W/Ultegra Di2, Salsa Timberjack Ti, Cinelli Mash Work RandoCross Fun Time Machine, 1x9 XT Parts Hybrid, Co-Motion Cascadia, Specialized Langster, Phil Wood Apple VeloXS Frame (w/DA 7400), R+M Supercharger2 Rohloff, Habanero Ti 26
Mentioned: 54 Post(s)
Tagged: 0 Thread(s)
Quoted: 4359 Post(s)
Liked 3,999 Times
in
2,668 Posts
I wouldn't expect any major discounts. It looks like Trek corporate is tightening some of their belts in some ways but also doing some stuff that is quite smart. I think reducing the number of SKUs they have is a general good thing. It is hard to manage a huge amount of SKUs I did it for my last major shop and we had close to 2 million dollars in inventory at the end (our owner passed) and it was a lot to manage all the little small parts and old stuff that had been accumulated over decades of being in business it was a pain in the arse because there was no starting from scratch and redoing everything in a way that made sense aside from actual physical organization which did help a lot but in the POS it was still a mess and we got it tamer and tamer as time went on because I am good at what I do (not trying to be a braggart) and generally knew the product and could make it work enough within the parameters but it is still not fun. So many similar items that just weren't needed and could have gone away and still made us profitable.
If you are looking at a new model you probably won't see a discount for a while if at all. A lot of people have this fear that the new thing is coming out and I have to wait for that and that is true the new thing is coming it will always be coming but crippling yourself because that happens means you won't get the bike. Get the bike enjoy the bike if that is what you are dead set on. I bought a bike which quickly has had a new model come out and now a newer model that has almost all I have now but with some better stuff as well that didn't exist but my bike is awesome and does the job super well and I love it and I have no regrets on my purchase. Yeah the new model came out probably a few months after I finally got mine "ahh well"
I would say maybe wait a generation or two on a new design for them to flesh out issues but beyond that get a bike and get another bike and then get another bike and enjoy life.
If you are looking at a new model you probably won't see a discount for a while if at all. A lot of people have this fear that the new thing is coming out and I have to wait for that and that is true the new thing is coming it will always be coming but crippling yourself because that happens means you won't get the bike. Get the bike enjoy the bike if that is what you are dead set on. I bought a bike which quickly has had a new model come out and now a newer model that has almost all I have now but with some better stuff as well that didn't exist but my bike is awesome and does the job super well and I love it and I have no regrets on my purchase. Yeah the new model came out probably a few months after I finally got mine "ahh well"
I would say maybe wait a generation or two on a new design for them to flesh out issues but beyond that get a bike and get another bike and then get another bike and enjoy life.
#18
Senior Member
Join Date: Aug 2009
Location: Minneapolis
Posts: 5,752
Bikes: 2022 Salsa Beargrease Carbon Deore 11, 2020 Salsa Warbird GRX 600, 2020 Canyon Ultimate CF SLX disc 9.0 Di2, 2020 Catrike Eola, 2016 Masi cxgr, 2011, Felt F3 Ltd, 2010 Trek 2.1, 2009 KHS Flite 220
Mentioned: 20 Post(s)
Tagged: 0 Thread(s)
Quoted: 4393 Post(s)
Liked 3,016 Times
in
1,865 Posts
If you know what bike you want, it's available, and you can afford it, then buy it and enjoy riding it.
The real "win" is in enjoying the bike, not hoping to save a few bucks, particularly if the latter is not a sure thing and will delay the more important part of cycling life.
The real "win" is in enjoying the bike, not hoping to save a few bucks, particularly if the latter is not a sure thing and will delay the more important part of cycling life.
Likes For MinnMan: