2023 bike industry is drowning in losses already!
01-16-23, 08:36 AM
#2
more daylight today!
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So you just want us to fill in the discussion for you?
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01-16-23, 09:05 AM
#3
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my spouse already read the internet to me
in the 1st 1:39 the guy gives a nice summary. I'm done
in the 1st 1:39 the guy gives a nice summary. I'm done
01-16-23, 01:26 PM
#4
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Originally Posted by rumrunn6
my spouse already read the internet to me
in the 1st 1:39 the guy gives a nice summary. I'm done
in the 1st 1:39 the guy gives a nice summary. I'm done
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01-16-23, 01:26 PM
#5
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Originally Posted by Iride01
So you just want us to fill in the discussion for you?
01-16-23, 01:55 PM
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From the video:
The sky is not falling ...
It's not uncommon for [companies] to make cuts like this.
01-16-23, 02:03 PM
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Making cuts... but what were the pre covid staffing levels? Are they simply returning to those levels?
01-16-23, 02:06 PM
#8
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Don't worry, the next Covid lockdown is on its way and everybody will be stocked up.
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01-18-23, 01:49 AM
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Giant is definitely not the only one.Specialized just abruptly canceled the “Ambassador program” where they were paying upwards of 40 Internet influencers $1,800 a month to push the Specialized name. So $1,800 x 12 equals $21,600 x 40 equals………. A measly $864,000
01-18-23, 01:57 AM
#10
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Originally Posted by 7up
A measly $864,000
__________________
Genesis 49:16-17
Genesis 49:16-17
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01-18-23, 08:39 AM
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Originally Posted by daniell
01-18-23, 08:43 AM
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Who is that guy in the video, and why would I put much stock in anything he says?
01-18-23, 08:46 AM
#13
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People have backed off on buying all sorts of outdoor equipment. There are covid fire sales of bikes now showing up on facebook and craigslist. Bike manufacturers took advantage of us consumers during Covid. If they have to cut prices on bikes (which they are now doing) I do not feel bad, because they were overpriced for the past 2 years.
Personally, I hope people quit buying bikes for a while so the manufacturers drop prices more.
Personally, I hope people quit buying bikes for a while so the manufacturers drop prices more.
01-18-23, 09:51 AM
#14
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Originally Posted by prj71
There are covid fire sales of bikes now showing up on facebook and craigslist. Bike manufacturers took advantage of us consumers during Covid. If they have to cut prices on bikes (which they are now doing) I do not feel bad, because they were overpriced for the past 2 years.
2- Bike brands didnt take advantage of consumers during covid. That is an incredibly skewed and victim based way to look at reality.
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01-19-23, 11:03 AM
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FWIW - just checked my local craigslist for Trek FX bikes cuz I have 1 to sell. there are more available, at reasonable prices, than I'm used to seeing
if you want a pre-owned one for an entry biker, this is a good time to buy
if you want a pre-owned one for an entry biker, this is a good time to buy
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01-19-23, 01:20 PM
#16
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Originally Posted by mstateglfr
1- is this firesale taking place in northcentral Wisconsin? It sure hasnt taken place in Central Iowa, Omaha, Quad Cities, or Chicagoland.
2- Bike brands didnt take advantage of consumers during covid. That is an incredibly skewed and victim based way to look at reality.
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.
Last edited by prj71; 01-19-23 at 01:24 PM.
01-20-23, 06:45 AM
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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.
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.
01-20-23, 09:17 AM
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Originally Posted by Koyote
Who is that guy in the video, and why would I put much stock in anything he says?
Originally Posted by Koyote
I am more inclined to believe a random stranger on the Internet...
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01-20-23, 09:24 AM
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Originally Posted by smd4
Because:
And your precious bike frame was built by a bunch of hourly workers.
01-20-23, 09:26 AM
#20
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Originally Posted by Trakhak
Those prices were meaningless, since COVID effects on production in Asia meant that there were effectively no bikes in the stores to sell for over a year. The whole bike industry (from manufacturers down to bike dealers), like many others, lost money during that time.
Also, prices shot up due to skyrocketing shipping rates and delays in port, etc. They were literally paying for storage while the goods were stuck at the port.
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01-20-23, 09:29 AM
#21
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Originally Posted by Trakhak
Those prices were meaningless, since COVID effects on production in Asia meant that there were effectively no bikes in the stores to sell for over a year. The whole bike industry (from manufacturers down to bike dealers), like many others, lost money during that time.
My girl bought a Trek Domane in 2020. I bought the same exact bike in 2021 and paid $600 more than she did.
Lost money???? They were making money hand over fist during that time. Shops were selling bikes and bike related gear the minute they hit the floor.
Last edited by prj71; 01-20-23 at 09:32 AM.
01-20-23, 09:31 AM
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Originally Posted by Koyote
You must be retired.
And your precious bike frame was built by a bunch of hourly workers.
And your precious bike frame was built by a bunch of hourly workers.
01-20-23, 10:01 AM
#23
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Originally Posted by smd4
You think. But even if, in Italy.
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01-20-23, 10:04 AM
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Originally Posted by Koyote
I hate to burst your bubble, but welding and brazing are very mature technologies. It can be (and is) done well in pretty much any country on the planet.
01-20-23, 10:18 AM
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Originally Posted by smd4
I repeat: Italy. But I digress. I hope you enjoy your made-in-China bike frame!
btw, xenophobia is not a good look.
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