I am Joe's lactic acid.
Join Date: Aug 2008
Location: Long Island, NY
Bikes: 2008 Windsor Cyclo, and some spares.
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I heard this statistic a while ago, and then discovered that it's not even newsworthy; bikes have long outsold cars.
But what I've never seen info on (nor bothered to research) is what kind of bikes these are. I'd hypothesize that the market is fueled by kids bikes and by adults who get the urge to start biking, buy the cheapest POS they find at Target, then get bored with it. It's easy to let a $199 toy collect dust in the garage. That doesn't happen with a car.
This statistic shouldn't be a surprise. Most of these bikes are three-figure price tags. Naturally, more consumers can afford to buy them, and buy more of them.