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2023 bike industry is drowning in losses already!

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2023 bike industry is drowning in losses already!

Old 01-16-23, 02:59 AM
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2023 bike industry is drowning in losses already!

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Old 01-16-23, 08:36 AM
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So you just want us to fill in the discussion for you?
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Old 01-16-23, 09:05 AM
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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
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Old 01-16-23, 01:26 PM
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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
Thanks for saving me that one minute and thirty-nine seconds of wasted yewtoob video watching (excluding the commercial ads and click-thru).
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Old 01-16-23, 01:26 PM
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Originally Posted by Iride01
So you just want us to fill in the discussion for you?
That is where the AI chatbox comes in.
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Old 01-16-23, 01:55 PM
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From the video:
It's not uncommon for [companies] to make cuts like this.
The sky is not falling ...
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Old 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?
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Old 01-16-23, 02:06 PM
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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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Old 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
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Old 01-18-23, 01:57 AM
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Originally Posted by 7up
A measly $864,000
How many $14,000 bikes is that?
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Old 01-18-23, 08:39 AM
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What is in the background of that guy's video?!? Its like mountains of clothing and random stuff to donate to goodwill or toss in the dumpster during a renovation.
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Old 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?
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Old 01-18-23, 08:46 AM
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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.
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Old 01-18-23, 09:51 AM
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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.
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.
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Old 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
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Old 01-19-23, 01:20 PM
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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.
My marketplace spans out further than WI. Lots of people that bought bikes during Covid are now unloading them.

2- Bike brands didnt take advantage of consumers during covid. That is an incredibly skewed and victim based way to look at reality.
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.

Last edited by prj71; 01-19-23 at 01:24 PM.
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Old 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.
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.
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Old 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?
Because:

Originally Posted by Koyote
I am more inclined to believe a random stranger on the Internet...
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Old 01-20-23, 09:24 AM
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Originally Posted by smd4
Because:
You must be retired.

And your precious bike frame was built by a bunch of hourly workers.
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Old 01-20-23, 09:26 AM
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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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Old 01-20-23, 09:29 AM
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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.
I had no problems finding bikes or bike parts during covid....and the prices were jacked up on them. My local shops had bikes and I was always able to find parts somewhere online that I needed.

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.
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Old 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.
You think. But even if, in Italy.
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Old 01-20-23, 10:01 AM
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Originally Posted by smd4
You think. But even if, in Italy.
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.
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Old 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.
I repeat: Italy. But I digress. I hope you enjoy your made-in-China bike frame!
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Old 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!
If I owned one, I'm sure I would enjoy it.

btw, xenophobia is not a good look.
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