Bike Sales Boosted by New Trends

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.

Mitchel Campbell

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