Nationally, bicycle sales have leveled off at around $5.3 billion, or 12.9
million adult bikes sold in 2003, the latest figures available from the National
Bicycle Dealers Association. That's a slight dip from 2002 when 13.6 million
bikes were sold. Bike sales peaked in 1973 with 15.2 million bikes when high oil
priceshelped boost sales.
The latest trend is a shift back to road bikes, away from mountain bikes
that dominated in the 1990s, especially for models costing more than $600. Just
as with sport utility vehicles, a lot of riders discovered they rarely ventured
off-pavement, especially as they got older.