The bike industry crisis
- Thread starter Jabubu
- Start date
Oddjob
Merry fucking Xmas to you assholes
Hope will probably be ok. It's the lesser known brand like Halo that would be in trouble.
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Haakon
has an accommodating arse
I have a black spire bash guard on the Orange…
steve jobs' pancreas
Eats Squid
don’t forget Chopstick, or did he phoenix into fuckstick
PJO
in me vL comy
Damn, looks like you've just given Hope the kiss of death!
Some companies in an industry going out of business while others are doing well is not a crisis. Simply a combination of supply/demand/unit price/market share/greed/cost/profit. Same as anywhere.
jrewing
Eats Squid
Who is doing well you think?
I didn't start the fire but the likes of giant, trek, fluid all seem to be bringing out multiple models and then you can probably throw in spec and others. Why don't you check the share values over the last 5 years?
First thing Hambo says
Global Bike Manufacturers are Still Booming
Despite Covid lockdowns and restrictions, the bike manufacturing boom is showing no signs of slowing down. Read the financials of the bike majors here.
thelatzreport.com.au
beeb
Dr. Beebenson, PhD HA, ST, Offset (hons)
An article from August 2021 might not be too reflective of the current state of the industry though...I didn't start the fire but the likes of giant, trek, fluid all seem to be bringing out multiple models and then you can probably throw in spec and others. Why don't you check the share values over the last 5 years?
First thing Hambo says
Global Bike Manufacturers are Still Booming
Despite Covid lockdowns and restrictions, the bike manufacturing boom is showing no signs of slowing down. Read the financials of the bike majors here.
That's from August 2021.I didn't start the fire but the likes of giant, trek, fluid all seem to be bringing out multiple models and then you can probably throw in spec and others. Why don't you check the share values over the last 5 years?
First thing Hambo says
Global Bike Manufacturers are Still Booming
Despite Covid lockdowns and restrictions, the bike manufacturing boom is showing no signs of slowing down. Read the financials of the bike majors here.
I just checked and both Shimano and Giant have been going down since then. Trek's parent company has stayed about the same during that timeframe but is massively down since 2015.
pink poodle
気が狂っている男
I don't think it is in crisis yet. But there is a strong vibe it is close to reaching peak stupid and going through a shuffle.
This one hurts a little. They were making my absolute favourite pedal.
This one hurts a little. They were making my absolute favourite pedal.
ozzybmx
taking a shit with my boobs out
A good shake up, a lull in buying stupid over priced bikes, price realignment, get rid of the weak and the strong innovative companies survive.
They all got greedy during corona and took advantage of supply issues, raised prices, full RRP on bikes. Attitude of pay the price or someone else will buy it.
Those $4000 carbon frames in 2019 are now nearly $6000.
This can only work in our favour, cheaper parts and a better attitude. Maybe the chunts will offer discount codes again... Haven't seen them in a few years.
They all got greedy during corona and took advantage of supply issues, raised prices, full RRP on bikes. Attitude of pay the price or someone else will buy it.
Those $4000 carbon frames in 2019 are now nearly $6000.
This can only work in our favour, cheaper parts and a better attitude. Maybe the chunts will offer discount codes again... Haven't seen them in a few years.
oldcorollas
Levin the moment
Missed out on chance to get a box of them
BIKE ON-LINE AUCTION - 19757 92A Ave, Langley - Page 1 of 14 - Able Auctions
Able Auctions - BIKE ON-LINE AUCTION - 19757 92A Ave, Langley - Langley, British Columbia
bid.ableauctions.ca
They may also just be taking a moment to dump their CRC/wiggle stock, and not be closing? On the bright side, someone/s bought all those boxes..
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oldcorollas
Levin the moment
Could be going the way of other stupids, with high RRP but regular sales of sensible prices? (Everyone wants to get a discount..) Like Kathmandu sales, bedding industry... Dishwasher tablets in supermarkets
Like I said first thing I read. I don't actually give a fuck other than I don't think there is a crisis. But by all means get hambo to google that for you.
I've listened to a few podcasts with industry peeps, big problem was that everyone massively increased supply during COVID (responding to increased demand) and then demand collapsed and they're left with huge amounts of excess stock, hence the big sales.
It's pretty hard to sell your 2024 stuff at full price when your 2023 stuff isn't selling at 40% off right?
Also, as mentioned, a few of the big companies have been really taking the piss (hello Specialized?) with their prices lately, but everyone has been raising prices (supply chain issues and what not).
That being said, there's definitely more people in the sport than there were 4 years ago, so long term I think things will be ok. Plus it's a great time to buy a bike. And at 40% off some of these bikes actually seem like they're priced fairly, which is nice.
It's pretty hard to sell your 2024 stuff at full price when your 2023 stuff isn't selling at 40% off right?
Also, as mentioned, a few of the big companies have been really taking the piss (hello Specialized?) with their prices lately, but everyone has been raising prices (supply chain issues and what not).
That being said, there's definitely more people in the sport than there were 4 years ago, so long term I think things will be ok. Plus it's a great time to buy a bike. And at 40% off some of these bikes actually seem like they're priced fairly, which is nice.
pink poodle
気が狂っている男
Missed out on chance to get a box of them
BIKE ON-LINE AUCTION - 19757 92A Ave, Langley - Page 1 of 14 - Able Auctions
Able Auctions - BIKE ON-LINE AUCTION - 19757 92A Ave, Langley - Langley, British Columbia
They may also just be taking a moment to dump their CRC/wiggle stock, and not be closing? On the bright side, someone/s bought all those boxes..
View attachment 406034
That would have been perfect.
The only place I've seen the pedals in stock for a while has been bike inn. So I doubt there was much crc stock to clear. They may be suffering a supply issue. It's not like they would have much in the way of production machinery themselves.
rowdyflat
chez le médecin
Its what everyone else said .
Its the normal ebb and flow of capitalism exaccerbated by up and downs w Covid and China.
Piss taking price rises cause instability.
Apparently souvlaki in Jindabyne =$25 , new cafe in Yack ice coffee =$11.50 , gourmet pies =$12 , samosa $14
Bikes like take away food are optional ,so good luck with that .
Its the normal ebb and flow of capitalism exaccerbated by up and downs w Covid and China.
Piss taking price rises cause instability.
Apparently souvlaki in Jindabyne =$25 , new cafe in Yack ice coffee =$11.50 , gourmet pies =$12 , samosa $14
Bikes like take away food are optional ,so good luck with that .