Sure it has. People are cleaning out their attics and garages and parting with bikes that were simply not on the market last year.

1-The entry into the market of aluminum entry-level STI bikes at $200-up has impacted C&V buying by first-time bikers.

2-The same situation has not only siphoned off customers, it's impacted the price if you HAVE to sell.

3-Now, it appears the mid-level bikes being stored because they cost more to buy, but aren't being ridden anymore, are hitting the market. This is great for buyers, and see 1) and 2) above.

4-Tolerance for biking is a wee bit higher, as people stop and think a wee bit more. Not much.