Bicycle sales have seen significant gains due to various trends, including an increasing interest in cycling as an exercise form and the shift to non-fossil fuel transportation methods.
Bicycle shops are struggling to meet customer demand. Some have closed voluntarily while others send employees home or operate with limited schedules.
1. It’s Time for a New Bike
Purchase of a bike can be an expensive, life-altering decision. But with many affordable options on the market, purchasing one for less than PS1000 may no longer be daunting.
Many new bikes feature entry-level components designed specifically to cater to newcomers to cycling. This makes these bikes an excellent option for riders unsure whether cycling will become part of their long-term life or those not wanting to invest too heavily in something which might not work out in terms of fit and functionality.
Budget-minded cyclists looking for affordable new bikes should visit a local bike store. Not only will you find an impressive selection of new bikes in these shops, but their sales support the local cycling economy and community – plus, friendly staff are on hand to guide your purchase of this essential piece of cycling equipment!
2. You’re Moving
If you’re moving, a bike can be an efficient and convenient way to navigate without using public transit. Bicycle shops typically hold semi-annual sales where buyers can purchase bikes at great discounts; according to Tuvi Mrakpor from Sweet Pete’s in Toronto Ontario.
He also notes that some brands, including Canyon and YT Industries, specialize in online-only sales to bypass shop markup. This often results in higher-spec bikes at comparable pricing if purchased directly online.
Mrakpor emphasizes the importance of finding a bike retailer who will answer your questions honestly, as well as offer honest advice. And don’t forget to request a test ride! That way you’ll know just how a particular bike feels before making your final choice.
3. It’s Not Working for You
Bicycle shops have fallen prey to Covid-fueled inventory fluctuations just like any outdoor retailer; their high ticket nature makes them particularly susceptible to trend-induced fluctuations.
Thus, bike brands tend to overestimate demand and end up stockpiling. When coupled with China’s zero-Covid policy and Russia’s ongoing conflict in Ukraine, prices remain unflinchingly high.
This year, prices appear to be trending down; however, it remains too early to tell whether this shift will stay. Sweet Pete’s is currently using online sales platform BikeExchange in an effort to balance supply and demand; however negotiating prices is often difficult due to minimum advertised pricing agreements with manufacturers, especially for larger chains.