Go Back  Bike Forums > Bike Forums > General Cycling Discussion
Reload this Page >

2023 bike industry is drowning in losses already!

Search
Notices
General Cycling Discussion Have a cycling related question or comment that doesn't fit in one of the other specialty forums? Drop on in and post in here! When possible, please select the forum above that most fits your post!

2023 bike industry is drowning in losses already!

Thread Tools
 
Search this Thread
 
Old 01-20-23, 10:27 AM
  #26  
Senior Member
 
Join Date: Dec 2020
Location: Wake Forest, NC
Posts: 5,784

Bikes: 1989 Cinelli Supercorsa

Mentioned: 11 Post(s)
Tagged: 0 Thread(s)
Quoted: 3505 Post(s)
Liked 2,924 Times in 1,774 Posts
Originally Posted by Koyote
btw, xenophobia is not a good look.
For sure. Thank God I'm not wearing it. Although my Chinese wife agrees that the Chinese produce a lot of crap.
smd4 is offline  
Likes For smd4:
Old 01-20-23, 10:37 AM
  #27  
Senior Member
 
Join Date: Jul 2009
Posts: 5,948

Bikes: Colnago, Van Dessel, Factor, Cervelo, Ritchey

Mentioned: 5 Post(s)
Tagged: 0 Thread(s)
Quoted: 3949 Post(s)
Liked 7,295 Times in 2,946 Posts
Originally Posted by prj71
I had no problems finding bikes or bike parts during covid....
I think most of the cycling public had a different experience during COVID.
tomato coupe is offline  
Old 01-20-23, 11:12 AM
  #28  
Senior Member
 
Join Date: Sep 2017
Posts: 7,877
Mentioned: 38 Post(s)
Tagged: 0 Thread(s)
Quoted: 6963 Post(s)
Liked 10,961 Times in 4,687 Posts
Originally Posted by smd4
For sure. Thank God I'm not wearing it. Although my Chinese wife agrees that the Chinese produce a lot of crap.
Ah, so you're playing the "Some of my best friends are ---" card.

Nice.
Koyote is online now  
Likes For Koyote:
Old 01-20-23, 11:21 AM
  #29  
cowboy, steel horse, etc
 
LesterOfPuppets's Avatar
 
Join Date: Sep 2008
Location: The hot spot.
Posts: 44,835

Bikes: everywhere

Mentioned: 71 Post(s)
Tagged: 1 Thread(s)
Quoted: 12768 Post(s)
Liked 7,680 Times in 4,076 Posts
Originally Posted by Darth Lefty
How many $14,000 bikes is that?
$14k bikes are soooo 2022.
LesterOfPuppets is online now  
Likes For LesterOfPuppets:
Old 01-20-23, 11:27 AM
  #30  
Sunshine
 
mstateglfr's Avatar
 
Join Date: Aug 2014
Location: Des Moines, IA
Posts: 16,611

Bikes: '18 class built steel roadbike, '19 Fairlight Secan, '88 Schwinn Premis , Black Mountain Cycles Monstercross V4, '89 Novara Trionfo

Mentioned: 123 Post(s)
Tagged: 0 Thread(s)
Quoted: 10955 Post(s)
Liked 7,484 Times in 4,186 Posts
Originally Posted by prj71
My marketplace spans out further than WI. Lots of people that bought bikes during Covid are now unloading them.



The hell they didn't. My mountain bike that I purchased in 2020 for $5200 shot up to $6800 in 2021 and now it's recently "on sale" for $5500". That scenario played out all across the industry with a majority of the major bike manufacturers.

I hope people slow down on buying bikes for a bit so that "sales" keep going on to bring bikes down to a more reasonable price.
Costs have increased for new bikes, I agree. Its been 3 years since covid first hit. In that time, shops were selling bikes for the same price they had in years past, shops couldnt get enough bikes or components, shops increased rates to offset higher vendor costs, etc. And yes, many brands benefitted during the last 3 years. The lack of inventory seems to have allowed them to increase bike costs and reset expectations. Their production costs had increased though and it seems like you dont even acknowledge that.

The US dollar has lost 13% of its value since 2020. $100 in 2020 equals $114.68 today. So $2000 in 2020 equals $2293 today. Can you maybe possibly accept that some of the price increase you see is based on this simple reality that all of us are experiencing?

I will agree that in some ways bikes have increased well beyond that inflationary number mentioned directly above. Enthusiast road groupsets have become much more expensive. That isnt bike companies though, thats Shimano/SRAM/Campy.
I strongly dislike 105 going to di2 only as that will force the price of mid-level 105 bikes to increase substantially. Thing is, that increased price comes with more features so it isnt just an increase in price for the sake of taking more money out of consumer's hands. I still dislike it, but thats because I want mechanical drivetrain options to continue.
mstateglfr is offline  
Old 01-20-23, 01:32 PM
  #31  
Senior Member
 
Join Date: Dec 2020
Location: Wake Forest, NC
Posts: 5,784

Bikes: 1989 Cinelli Supercorsa

Mentioned: 11 Post(s)
Tagged: 0 Thread(s)
Quoted: 3505 Post(s)
Liked 2,924 Times in 1,774 Posts
Originally Posted by Koyote
Ah, so you're playing the "Some of my best friends are ---" card.

Nice.
Not really a "card."

Man, back in the day we used to rip on all the crappy stuff that was "made in Japan." No one thought of throwing around the "xenophobic" epithet then.

Sorry if you're offended. Truly I am. And sorry to burst your bubble, but in general, stuff from China isn't often considered the cream of the crop.
smd4 is offline  
Old 01-20-23, 01:37 PM
  #32  
Klaatu..Verata..Necktie?
 
genejockey's Avatar
 
Join Date: May 2007
Location: SF Bay Area
Posts: 17,960

Bikes: Litespeed Ultimate, Ultegra; Canyon Endurace, 105; Battaglin MAX, Chorus; Bianchi 928 Veloce; Ritchey Road Logic, Dura Ace; Cannondale R500 RX100; Schwinn Circuit, Sante; Lotus Supreme, Dura Ace

Mentioned: 41 Post(s)
Tagged: 0 Thread(s)
Quoted: 10424 Post(s)
Liked 11,892 Times in 6,093 Posts
Originally Posted by smd4
For sure. Thank God I'm not wearing it. Although my Chinese wife agrees that the Chinese produce a lot of crap.
And a lot of good, high quality products, too.

I am, and I suspect you are also, old enough to remember when "Made In Japan" was taken to mean cheap, low quality crap. My, oh my, how times have changed.

I remember back in about 1980, when I was working at Cornell, the President of the University visited China and made a deal for an academic exchange program, where they'd swap scholars. The lab I worked in took in at least 4 of them. They arrived with only the most rudimentary understanding of Molecular Biology. They were decades behind, and the recently overturned Cultural Revolution didn't help either.

And here we are, 40 years later, and there are a number of successful businesses that sell Molecular Biology services, done in China, with the resulting materials shipped to you in the US. The quality is excellent and the turnaround time, even with shipping, beats what you could get from a wholly US based company.
__________________
"Don't take life so serious-it ain't nohow permanent."

"Everybody's gotta be somewhere." - Eccles
genejockey is online now  
Old 01-20-23, 01:38 PM
  #33  
Klaatu..Verata..Necktie?
 
genejockey's Avatar
 
Join Date: May 2007
Location: SF Bay Area
Posts: 17,960

Bikes: Litespeed Ultimate, Ultegra; Canyon Endurace, 105; Battaglin MAX, Chorus; Bianchi 928 Veloce; Ritchey Road Logic, Dura Ace; Cannondale R500 RX100; Schwinn Circuit, Sante; Lotus Supreme, Dura Ace

Mentioned: 41 Post(s)
Tagged: 0 Thread(s)
Quoted: 10424 Post(s)
Liked 11,892 Times in 6,093 Posts
Originally Posted by smd4
Not really a "card."

Man, back in the day we used to rip on all the crappy stuff that was "made in Japan." No one thought of throwing around the "xenophobic" epithet then.

Sorry if you're offended. Truly I am. And sorry to burst your bubble, but in general, stuff from China isn't often considered the cream of the crop.
Maybe they should have. Hell, 50 or 100 years ago, a LOT of things were "okay" that really weren't okay even at the time.
__________________
"Don't take life so serious-it ain't nohow permanent."

"Everybody's gotta be somewhere." - Eccles
genejockey is online now  
Likes For genejockey:
Old 01-20-23, 01:53 PM
  #34  
Senior Member
 
Join Date: Jun 2015
Location: North Central Wisconsin
Posts: 4,624
Mentioned: 14 Post(s)
Tagged: 0 Thread(s)
Quoted: 2975 Post(s)
Liked 1,181 Times in 771 Posts
Originally Posted by tomato coupe
I think most of the cycling public had a different experience during COVID.
I know. Seemed to be geographic more than anything. My local bike shops had bikes and parts and if they didn't have parts I was always able to find them online.

During the height of Covid I bought 4 bikes. One mountain bike (purchased Oct. 2020) , two Trek road bikes (puchased April 2021 and April 2022) and a Kona fat bike (Purchased Feb. 2021)

Also during that time I purchased chains, cassettes, rotors, bike seats, carbons wheels and various other parts. It was a little more difficult than usual but with some resourceful online searching I always found what I needed.
prj71 is offline  
Old 01-20-23, 02:02 PM
  #35  
cowboy, steel horse, etc
 
LesterOfPuppets's Avatar
 
Join Date: Sep 2008
Location: The hot spot.
Posts: 44,835

Bikes: everywhere

Mentioned: 71 Post(s)
Tagged: 1 Thread(s)
Quoted: 12768 Post(s)
Liked 7,680 Times in 4,076 Posts
Originally Posted by prj71
I know. Seemed to be geographic more than anything. My local bike shops had bikes and parts and if they didn't have parts I was always able to find them online.

During the height of Covid I bought 4 bikes. One mountain bike (purchased Oct. 2020) , two Trek road bikes (puchased April 2021 and April 2022) and a Kona fat bike (Purchased Feb. 2021)

Also during that time I purchased chains, cassettes, rotors, bike seats, carbons wheels and various other parts. It was a little more difficult than usual but with some resourceful online searching I always found what I needed.

Here in AZ supply didn't get depleted 'til after the gyms were shut down for a few months. Gym shutdown was around July 2020 - "The governor of Arizona has ordered bars, movie theaters, gyms and water parks to shut down". It's too hot for most people to ride bikes here after 9am in July so it took a while before people really started buying bikes, but by spring 2021 there weren't many to be had around here.
LesterOfPuppets is online now  
Old 01-20-23, 03:44 PM
  #36  
Newbie
 
Join Date: Jan 2023
Posts: 5
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 1 Post(s)
Liked 1 Time in 1 Post
Does this mean cheaper bikes?
EBikeFanatic is offline  
Old 01-20-23, 04:38 PM
  #37  
Senior Member
 
Join Date: Jun 2015
Location: North Central Wisconsin
Posts: 4,624
Mentioned: 14 Post(s)
Tagged: 0 Thread(s)
Quoted: 2975 Post(s)
Liked 1,181 Times in 771 Posts
Bikes are coming down in price now for sure. More companies are finally offering sale prices.

As I mentioned earlier in this thread...the bike I purchased in 2020 was $5200. Then they jacked it up to $6700. Now it's "on sale" for $5500. More or less the price it should be if I were to consider about 3 years of inflation

This is the bike I bought in 2020 for $5200.

https://spotbikes.com/collections/bi...32140455018530
prj71 is offline  
Old 01-20-23, 08:07 PM
  #38  
Senior Member
 
Join Date: Sep 2017
Posts: 7,877
Mentioned: 38 Post(s)
Tagged: 0 Thread(s)
Quoted: 6963 Post(s)
Liked 10,961 Times in 4,687 Posts
Originally Posted by smd4
Man, back in the day we used to rip on all the crappy stuff that was "made in Japan." No one thought of throwing around the "xenophobic" epithet then.
Originally Posted by genejockey
Maybe they should have. Hell, 50 or 100 years ago, a LOT of things were "okay" that really weren't okay even at the time.
My thoughts exactly, genejockey . I'm glad that we now have greater awareness of, and repercussions for, the sort of casual racism that was commonplace in my youth.
Koyote is online now  
Likes For Koyote:
Old 01-20-23, 08:18 PM
  #39  
Senior Member
 
Join Date: Jul 2020
Location: Humboldt County, CA
Posts: 832
Mentioned: 7 Post(s)
Tagged: 0 Thread(s)
Quoted: 405 Post(s)
Likes: 0
Liked 430 Times in 286 Posts
Originally Posted by Darth Lefty
How many $14,000 bikes is that?
$864,000 / ($14,000 / bike) = 61.7 bikes

Of course, the better question is, "how many little bike shops could they have sued for that money?"

--Shannon
ShannonM is offline  
Likes For ShannonM:
Old 01-20-23, 09:12 PM
  #40  
Senior Member
 
Join Date: Dec 2020
Location: Wake Forest, NC
Posts: 5,784

Bikes: 1989 Cinelli Supercorsa

Mentioned: 11 Post(s)
Tagged: 0 Thread(s)
Quoted: 3505 Post(s)
Liked 2,924 Times in 1,774 Posts
Originally Posted by Koyote
My thoughts exactly, genejockey . I'm glad that we now have greater awareness of, and repercussions for, the sort of casual racism that was commonplace in my youth.
God. seriously? Why don’t you explain to the rest of us how “Italians make better steel frames than the Chinese (or North Koreans or Russians or Iraqis”) is racist.
smd4 is offline  
Old 01-20-23, 09:16 PM
  #41  
Senior Member
 
Join Date: Sep 2017
Posts: 7,877
Mentioned: 38 Post(s)
Tagged: 0 Thread(s)
Quoted: 6963 Post(s)
Liked 10,961 Times in 4,687 Posts
Originally Posted by smd4
God. seriously? Why don’t you explain to the rest of us how “Italians make better steel frames than the Chinese (or North Koreans or Russians or Iraqis”) is racist.
I wasn't replying to you. But it's interesting that you're so defensive about it. Very interesting.
Koyote is online now  
Old 01-20-23, 09:24 PM
  #42  
Senior Member
 
Join Date: Dec 2020
Location: Wake Forest, NC
Posts: 5,784

Bikes: 1989 Cinelli Supercorsa

Mentioned: 11 Post(s)
Tagged: 0 Thread(s)
Quoted: 3505 Post(s)
Liked 2,924 Times in 1,774 Posts
Originally Posted by Koyote
I wasn't replying to you. But it's interesting that you're so defensive about it. Very interesting.
You were replying to GJ who was replying to me. Therefore you were agreeing with his response to me. But I’m glad that you find what I say is “[v]ery interesting.” Mission accomplished!

Last edited by smd4; 01-20-23 at 09:45 PM.
smd4 is offline  
Old 01-20-23, 09:30 PM
  #43  
Senior Member
 
Kontact's Avatar
 
Join Date: Apr 2011
Posts: 7,031
Mentioned: 41 Post(s)
Tagged: 0 Thread(s)
Quoted: 4382 Post(s)
Liked 1,554 Times in 1,019 Posts
Originally Posted by genejockey
Maybe they should have. Hell, 50 or 100 years ago, a LOT of things were "okay" that really weren't okay even at the time.
If you like goods made by ethnic Chinese in Taiwan over PRC goods, are you still xenophobic?
Kontact is offline  
Old 01-20-23, 09:36 PM
  #44  
Senior Member
 
Join Date: Dec 2020
Location: Wake Forest, NC
Posts: 5,784

Bikes: 1989 Cinelli Supercorsa

Mentioned: 11 Post(s)
Tagged: 0 Thread(s)
Quoted: 3505 Post(s)
Liked 2,924 Times in 1,774 Posts
Originally Posted by smd4
God. seriously? Why don’t you explain to the rest of us how “Italians make better steel frames than the Chinese (or North Koreans or Russians or Iraqis”) is racist.
I’m sure I’ll be waiting a LONG time for an answer (that makes any sense).

Last edited by smd4; 01-20-23 at 09:42 PM.
smd4 is offline  
Old 01-20-23, 09:43 PM
  #45  
Senior Member
 
Join Date: Dec 2020
Location: Wake Forest, NC
Posts: 5,784

Bikes: 1989 Cinelli Supercorsa

Mentioned: 11 Post(s)
Tagged: 0 Thread(s)
Quoted: 3505 Post(s)
Liked 2,924 Times in 1,774 Posts
Originally Posted by Kontact
If you like goods made by ethnic Chinese in Taiwan over PRC goods, are you still xenophobic?
Hell no. You’re anti-communist.
smd4 is offline  
Old 01-20-23, 10:02 PM
  #46  
Senior Member
 
Join Date: Dec 2019
Location: South Shore of Long Island
Posts: 2,799

Bikes: 2010 Carrera Volans, 2015 C-Dale Trail 2sl, 2017 Raleigh Rush Hour, 2017 Blue Proseccio, 1992 Giant Perigee, 80s Gitane Rallye Tandem

Mentioned: 12 Post(s)
Tagged: 0 Thread(s)
Quoted: 1088 Post(s)
Liked 1,024 Times in 723 Posts
Not certain how much of a slowdown there will really be, I've already been asked if I'll be available this spring for bike building as the shops are still just keeping up with sales and repairs. Here on LI the paths aren't quite as full as what they were in the middle of 2020 they aren't as empty as they were in the middle of 2019 either. Plenty of people rediscovered their love of the outdoors and riding.
Like some of the others here, the pandemic didn't create too many problems for me, I outfitted a cross bike with full 12sp chorus, bought a mtb each for my oldest and middle kid, a road bike and 2 track bikes, not to mention plenty of parts. Biggest issue was the oldest having to run a force axs left lever with cable disc for 5 months till the hydraulic rival shifter came available. Sadly that supply chain issue hasn't been resolved fully as I have now had the right force cable lever on order for 3 months so I can install it on the youngest kid's bike. But it did seem like the bike companies took advantage of the perceived extreme shortage to have an excuse to raise the prices, not that their wasn't some shortages, but the hype seemed to make it look worse then it was.
As to Chinese bike qualities. My 2 cents, they can make some fine quality stuff but most of what is sent over is the low end crap some of which can be downright sketchy. As a whole it gives the country, in my eyes, a generally negative impression of the overall quality of what they produce, understandable since they're used by all the bike companies as a cost cutting measure to build ever cheaper quality bikes. But in addition when I think of quality I think of American made, Italian, and European in general. But that's true for me of more than just bikes. I know that Chinese made harbor freight ratchets and wrenches are decent and sturdy, I also know its my broken knuckles if the tool fails when trying to force something loose, and so I use Wright, SK, Gedore and Snap-on due to their higher strengths and lower failure rates, cause the Germans and Americans make some of the best tools. It's going to be a while longer before Chinese stops being equated with cheap, the movement of cheaper made items to Vietnamese, Indian, and other SE Asian nations with still lower living costs might shift the perception, much like cheap manufacturing moving from Japan to Taiwan helped the overall impression of Japanese goods.
Russ Roth is offline  
Old 02-05-23, 09:25 PM
  #47  
Newbie
 
Join Date: Jul 2009
Posts: 54
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 26 Post(s)
Liked 9 Times in 6 Posts
Originally Posted by genejockey
And here we are, 40 years later, and there are a number of successful businesses that sell Molecular Biology services, done in China, with the resulting materials shipped to you in the US. The quality is excellent and the turnaround time, even with shipping, beats what you could get from a wholly US based company.
The Chinese have gotten very good at stealing intellectual property.
tenrec is offline  
Old 02-05-23, 09:55 PM
  #48  
Homey
 
Siu Blue Wind's Avatar
 
Join Date: Apr 2005
Posts: 13,499
Mentioned: 56 Post(s)
Tagged: 0 Thread(s)
Quoted: 2427 Post(s)
Liked 1,406 Times in 900 Posts
Originally Posted by tenrec
The Chinese have gotten very good at stealing intellectual property.
Thanks for the compliment
__________________
Originally Posted by making
Please dont outsmart the censor. That is a very expensive censor and every time one of you guys outsmart it it makes someone at the home office feel bad. We dont wanna do that. So dont cleverly disguise bad words.
Siu Blue Wind is offline  
Old 02-06-23, 02:18 AM
  #49  
Senior Member
 
elcruxio's Avatar
 
Join Date: Jul 2011
Location: Turku, Finland, Europe
Posts: 2,495

Bikes: 2011 Specialized crux comp, 2013 Specialized Rockhopper Pro

Mentioned: 9 Post(s)
Tagged: 0 Thread(s)
Quoted: 862 Post(s)
Liked 336 Times in 223 Posts
Originally Posted by smd4
God. seriously? Why don’t you explain to the rest of us how “Italians make better steel frames than the Chinese (or North Koreans or Russians or Iraqis”) is racist.
I am very doubtful that Italy produces better frames than Taiwan, where most bike frames these days are made. Naturally there's tiers based on price points but Taiwan is a cycling industry hub with the best tooling and knowhow for bicycle frames.

Boutique doesn't mean better. It just means boutique. And potentially custom options.
elcruxio is offline  
Old 02-06-23, 03:30 AM
  #50  
I’m a little Surly
 
Germany_chris's Avatar
 
Join Date: Jan 2010
Location: Near the district
Posts: 2,422

Bikes: Two Cross Checks, a Karate Monkey, a Disc Trucker, and a VO Randonneur

Mentioned: 5 Post(s)
Tagged: 0 Thread(s)
Quoted: 699 Post(s)
Liked 1,294 Times in 647 Posts
Originally Posted by elcruxio
I am very doubtful that Italy produces better frames than Taiwan, where most bike frames these days are made. Naturally there's tiers based on price points but Taiwan is a cycling industry hub with the best tooling and knowhow for bicycle frames.

Boutique doesn't mean better. It just means boutique. And potentially custom options.
It can't be because they don't have the magic Italian steel, air, and torches and darn it Cino Cinelli was good looking too
Germany_chris is offline  


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.