Originally Posted by
MinnMan
Also, the statistic is global, and the US market may be different.
But just the same, I'm constantly amazed by the shear number of expensive bikes I see around. And so many people are buying additional bikes - gravel bikes, fat bikes, etc. Granted, I am in the Twin Cities, which is more bike-crazy than the average US location.
Margins on the actual bikes isn't very good and that margin more than likely shrinks on the higher end bikes. The real profits come from the accessories (which people then buy online) and on the service. Brick and mortar places are expensive to keep open it's not surprising to me that bike shops find it hard to keep the doors open.