2023 bike industry is drowning in losses already!
01-16-23, 08:36 AM
#2
I'm good to go!
Join Date: Jul 2017
Location: Mississippi
Posts: 15,224
Bikes: Tarmac Disc Comp Di2 - 2020
Mentioned: 51 Post(s)
Tagged: 0 Thread(s)
Quoted: 6330 Post(s)
Liked 4,927 Times
in
3,390 Posts
So you just want us to fill in the discussion for you?
Likes For Iride01:
01-16-23, 09:05 AM
#3
Senior Member
Join Date: Jul 2008
Location: 25 miles northwest of Boston
Posts: 29,592
Bikes: Bottecchia Sprint, GT Timberline 29r, Marin Muirwoods 29er, Trek FX Alpha 7.0
Mentioned: 112 Post(s)
Tagged: 0 Thread(s)
Quoted: 5234 Post(s)
Liked 3,609 Times
in
2,357 Posts
my spouse already read the internet to me
in the 1st 1:39 the guy gives a nice summary. I'm done
in the 1st 1:39 the guy gives a nice summary. I'm done
01-16-23, 01:26 PM
#4
ignominious poltroon
Join Date: Jan 2022
Posts: 4,144
Mentioned: 3 Post(s)
Tagged: 0 Thread(s)
Quoted: 2282 Post(s)
Liked 3,505 Times
in
1,841 Posts
Likes For Polaris OBark:
01-16-23, 01:26 PM
#5
ignominious poltroon
Join Date: Jan 2022
Posts: 4,144
Mentioned: 3 Post(s)
Tagged: 0 Thread(s)
Quoted: 2282 Post(s)
Liked 3,505 Times
in
1,841 Posts
01-16-23, 01:55 PM
#6
Senior Member
Join Date: Jul 2009
Posts: 6,054
Bikes: Colnago, Van Dessel, Factor, Cervelo, Ritchey
Mentioned: 8 Post(s)
Tagged: 0 Thread(s)
Quoted: 4009 Post(s)
Liked 7,516 Times
in
3,025 Posts
From the video:
The sky is not falling ...
It's not uncommon for [companies] to make cuts like this.
01-16-23, 02:03 PM
#7
Senior Member
Join Date: Jan 2023
Location: Eastern Shore MD
Posts: 943
Bikes: Lemond Zurich/Trek ALR/Giant TCX/Sette CX1
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 603 Post(s)
Liked 859 Times
in
435 Posts
Making cuts... but what were the pre covid staffing levels? Are they simply returning to those levels?
01-16-23, 02:06 PM
#8
Lopsided biped
Join Date: Nov 2017
Location: NE Ohio
Posts: 737
Bikes: 2017 Day 6 Cyclone (the Buick); 2015 Simcoe Deluxe (the Xebec); Street Strider 3i (the not-a-bike); GreenSpeed Anura (the Black Swan)
Mentioned: 3 Post(s)
Tagged: 0 Thread(s)
Quoted: 316 Post(s)
Liked 160 Times
in
97 Posts
Don't worry, the next Covid lockdown is on its way and everybody will be stocked up.
Likes For rollagain:
01-18-23, 01:49 AM
#9
Full Member
Join Date: Jan 2014
Location: Whitestone,Queens/Bayonne N.J.
Posts: 344
Bikes: Aurelia*Bianchi*Cannondale*Colnago*Dahon*Giant*Haro*Lynsky*Monkey Faction*Origin8*Panasonic*Paramont*Peugeot*Ross*Schwinn*SE*Specialized*Trek
Mentioned: 2 Post(s)
Tagged: 0 Thread(s)
Quoted: 58 Post(s)
Liked 26 Times
in
18 Posts
Giant is definitely not the only one.Specialized just abruptly canceled the “Ambassador program” where they were paying upwards of 40 Internet influencers $1,800 a month to push the Specialized name. So $1,800 x 12 equals $21,600 x 40 equals………. A measly $864,000
01-18-23, 01:57 AM
#10
Disco Infiltrator
Join Date: May 2013
Location: Folsom CA
Posts: 13,464
Bikes: Stormchaser, Paramount, Tilt, Samba tandem
Mentioned: 72 Post(s)
Tagged: 0 Thread(s)
Quoted: 3133 Post(s)
Liked 2,115 Times
in
1,378 Posts
Likes For Darth Lefty:
01-18-23, 08:39 AM
#11
Sunshine
Join Date: Aug 2014
Location: Des Moines, IA
Posts: 16,708
Bikes: '18 class built steel roadbike, '19 Fairlight Secan, '88 Schwinn Premis , Black Mountain Cycles Monstercross V4, '89 Novara Trionfo
Mentioned: 124 Post(s)
Tagged: 0 Thread(s)
Quoted: 11052 Post(s)
Liked 7,600 Times
in
4,239 Posts
01-18-23, 08:43 AM
#12
Senior Member
Join Date: Sep 2017
Posts: 8,047
Mentioned: 42 Post(s)
Tagged: 0 Thread(s)
Quoted: 7089 Post(s)
Liked 11,208 Times
in
4,785 Posts
Who is that guy in the video, and why would I put much stock in anything he says?
01-18-23, 08:46 AM
#13
Senior Member
Join Date: Jun 2015
Location: North Central Wisconsin
Posts: 4,697
Mentioned: 14 Post(s)
Tagged: 0 Thread(s)
Quoted: 3057 Post(s)
Liked 1,223 Times
in
791 Posts
People have backed off on buying all sorts of outdoor equipment. There are covid fire sales of bikes now showing up on facebook and craigslist. Bike manufacturers took advantage of us consumers during Covid. If they have to cut prices on bikes (which they are now doing) I do not feel bad, because they were overpriced for the past 2 years.
Personally, I hope people quit buying bikes for a while so the manufacturers drop prices more.
Personally, I hope people quit buying bikes for a while so the manufacturers drop prices more.
01-18-23, 09:51 AM
#14
Sunshine
Join Date: Aug 2014
Location: Des Moines, IA
Posts: 16,708
Bikes: '18 class built steel roadbike, '19 Fairlight Secan, '88 Schwinn Premis , Black Mountain Cycles Monstercross V4, '89 Novara Trionfo
Mentioned: 124 Post(s)
Tagged: 0 Thread(s)
Quoted: 11052 Post(s)
Liked 7,600 Times
in
4,239 Posts
There are covid fire sales of bikes now showing up on facebook and craigslist. Bike manufacturers took advantage of us consumers during Covid. If they have to cut prices on bikes (which they are now doing) I do not feel bad, because they were overpriced for the past 2 years.
2- Bike brands didnt take advantage of consumers during covid. That is an incredibly skewed and victim based way to look at reality.
Likes For mstateglfr:
01-19-23, 11:03 AM
#15
Senior Member
Join Date: Jul 2008
Location: 25 miles northwest of Boston
Posts: 29,592
Bikes: Bottecchia Sprint, GT Timberline 29r, Marin Muirwoods 29er, Trek FX Alpha 7.0
Mentioned: 112 Post(s)
Tagged: 0 Thread(s)
Quoted: 5234 Post(s)
Liked 3,609 Times
in
2,357 Posts
FWIW - just checked my local craigslist for Trek FX bikes cuz I have 1 to sell. there are more available, at reasonable prices, than I'm used to seeing
if you want a pre-owned one for an entry biker, this is a good time to buy
if you want a pre-owned one for an entry biker, this is a good time to buy
Likes For rumrunn6:
01-19-23, 01:20 PM
#16
Senior Member
Join Date: Jun 2015
Location: North Central Wisconsin
Posts: 4,697
Mentioned: 14 Post(s)
Tagged: 0 Thread(s)
Quoted: 3057 Post(s)
Liked 1,223 Times
in
791 Posts
2- Bike brands didnt take advantage of consumers during covid. That is an incredibly skewed and victim based way to look at reality.
I hope people slow down on buying bikes for a bit so that "sales" keep going on to bring bikes down to a more reasonable price.
Last edited by prj71; 01-19-23 at 01:24 PM.
01-20-23, 06:45 AM
#17
Senior Member
Join Date: Jan 2005
Location: Baltimore, MD
Posts: 5,560
Mentioned: 18 Post(s)
Tagged: 0 Thread(s)
Quoted: 2588 Post(s)
Liked 3,108 Times
in
1,768 Posts
My marketplace spans out further than WI. Lots of people that bought bikes during Covid are now unloading them.
The hell they didn't. My mountain bike that I purchased in 2020 for $5200 shot up to $6800 in 2021 and now it's recently "on sale" for $5500". That scenario played out all across the industry with a majority of the major bike manufacturers.
I hope people slow down on buying bikes for a bit so that "sales" keep going on to bring bikes down to a more reasonable price.
The hell they didn't. My mountain bike that I purchased in 2020 for $5200 shot up to $6800 in 2021 and now it's recently "on sale" for $5500". That scenario played out all across the industry with a majority of the major bike manufacturers.
I hope people slow down on buying bikes for a bit so that "sales" keep going on to bring bikes down to a more reasonable price.
01-20-23, 09:17 AM
#18
Senior Member
Join Date: Dec 2020
Location: Wake Forest, NC
Posts: 5,956
Bikes: 1989 Cinelli Supercorsa
Mentioned: 12 Post(s)
Tagged: 0 Thread(s)
Quoted: 3619 Post(s)
Liked 3,044 Times
in
1,840 Posts
Likes For smd4:
01-20-23, 09:24 AM
#19
Senior Member
Join Date: Sep 2017
Posts: 8,047
Mentioned: 42 Post(s)
Tagged: 0 Thread(s)
Quoted: 7089 Post(s)
Liked 11,208 Times
in
4,785 Posts
01-20-23, 09:26 AM
#20
Tragically Ignorant
Join Date: Jun 2018
Location: New England
Posts: 15,612
Bikes: Serotta Atlanta; 1994 Specialized Allez Pro; Giant OCR A1; SOMA Double Cross Disc; 2022 Allez Elite mit der SRAM
Mentioned: 62 Post(s)
Tagged: 0 Thread(s)
Quoted: 8186 Post(s)
Liked 9,099 Times
in
5,054 Posts
Also, prices shot up due to skyrocketing shipping rates and delays in port, etc. They were literally paying for storage while the goods were stuck at the port.
Likes For livedarklions:
01-20-23, 09:29 AM
#21
Senior Member
Join Date: Jun 2015
Location: North Central Wisconsin
Posts: 4,697
Mentioned: 14 Post(s)
Tagged: 0 Thread(s)
Quoted: 3057 Post(s)
Liked 1,223 Times
in
791 Posts
My girl bought a Trek Domane in 2020. I bought the same exact bike in 2021 and paid $600 more than she did.
Lost money???? They were making money hand over fist during that time. Shops were selling bikes and bike related gear the minute they hit the floor.
Last edited by prj71; 01-20-23 at 09:32 AM.
01-20-23, 09:31 AM
#22
Senior Member
Join Date: Dec 2020
Location: Wake Forest, NC
Posts: 5,956
Bikes: 1989 Cinelli Supercorsa
Mentioned: 12 Post(s)
Tagged: 0 Thread(s)
Quoted: 3619 Post(s)
Liked 3,044 Times
in
1,840 Posts
01-20-23, 10:01 AM
#23
Senior Member
Join Date: Sep 2017
Posts: 8,047
Mentioned: 42 Post(s)
Tagged: 0 Thread(s)
Quoted: 7089 Post(s)
Liked 11,208 Times
in
4,785 Posts
Likes For Koyote:
01-20-23, 10:04 AM
#24
Senior Member
Join Date: Dec 2020
Location: Wake Forest, NC
Posts: 5,956
Bikes: 1989 Cinelli Supercorsa
Mentioned: 12 Post(s)
Tagged: 0 Thread(s)
Quoted: 3619 Post(s)
Liked 3,044 Times
in
1,840 Posts
01-20-23, 10:18 AM
#25
Senior Member
Join Date: Sep 2017
Posts: 8,047
Mentioned: 42 Post(s)
Tagged: 0 Thread(s)
Quoted: 7089 Post(s)
Liked 11,208 Times
in
4,785 Posts
Likes For Koyote: