Originally Posted by
hule
who are the buyers of these stolen bikes?
A person walking by. Honestly, I live in a not-so-secure area (It's not Rwanda or anything like that, but it sure ain't Amherst, NY). What happens , is the bikes get stolen, and either broken down for parts (Which, sadly do get resold to some LBS's or on CL); but that vast majority get sold on the street to whomever happens to be walking by.
Person A has a stolen bike, needs a fix/money for whatever, sees person B walking past. Person A says,"Hey! Looking for a bike? Got one here, pretty cheap." Person B either buys it or doesn't. If not, on to the next person.
Or, it just gets used by the person who stole it.