There’s a massive problem in the bike industry that’s only getting owrse and I want to make sure you’re ready for it. Here are warnings for anyone looking to buy, sell, or upgrade their bike this year.
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28 Comments
If you adjust for inflation, bicycle prices are not high at all. In about 1975 I bought one of the first Trek road bikes. It was modestly equipped, and was about $260.* A fast food meal that cost $1 back then now costs $10, so today a similarly situated bike in Trek’s line up should cost $2,600.
*A Trek with top of the line Reynolds 531 tubing and nicer components was $300, which I couldn’t afford, lol.
watching this in June 2024. damn near every bike manufacturer has had constant deals for months now, waiting for the bottom to really drop out so I can get a new stumpy for cheap
We used to do this alone in flipflops and T-shirt.
Now we have shoes and a hard hat, and maybe safety glasses.
Not sure if we are underdressed or they are overdressed.
Bicycle prices are embarrassing
The problem is simple they are selling cheap Chinese carbon bikes like trek giant etc for the same Brice as a used car during inflation crisis
Yeah the pricing is wacky, I can buy a motorcycle, a nice one for the price of some of these bicycles, I get that there is a Lot of RND but I don't care to pay over $3k for a bike that I still have to pedal myself…
Greed, just like in every industry, will be the end of corporations ! My son’s friend actually paid $47000 for a freekin bike !! He was all good and thought it was amazing until, in showed him my 1999 Toyota Tacoma from Florida, CLEAN TRUCK 125,000 miles, I paid $2500 for ! I mean WTF was he thinking !! A Fool and him money soon go separate ways !!
Bikes are ridiculous prices and cannot afford one, even though I bike a lot
Couldn’t even buy a bike during the pandemic from the manufacturer sites and prices are still too high now. The same bikes have been sold as “new” generations for years now and are literally the same while raising the prices
Over priced, poor manufacturing.
Good stuff man.
You're a good dude.
Thanks for the vid.
Same as car industry. Overpriced. Companies get the frames and parts for low price, build the bikes, put their stickers on it then give it a ridiculous price tag. This is supposed to be a hobby. No bike part should ever cost over 200 dollars.
When the government hands you free money what are you going to do with it? Probably buy a new bike, everyone who wanted a bike already got one in the last couple of years, like me. $7k down to 5.6K for a bike is still the same price, only the top 10% of earners are going to pay that, everyone else is like "yah friggin right I'm not dolling out that much for a bike".
i got a health problem in 2018 so i was out of the bike world, when i returned in 2022 i assumed everyone had gone insane. Bike parts and bikes, prices are just stupid, who pays these prices?
bikes and parts are too expensive.. there is no reason for a bike to cost the same as a motorcycle
The prices are ridiculous
Bah its all too expensive. Most people want normal cheap bikes.
bikes are way too expensive, including ebikes
I still rock a 1997 S Works M2 hardtail I bought second hand 26 years ago when I was 21. The chap I bought it off owned a bike shop and replaced his bike every year. It might not be modern, its only xtr 3×8 sti with v-brakes, a x-lite ti straight narrow bar and a nice mavic ceramic wheelset but it is fun, built bombproof and has served me well even if it is a little unforgiving on my aging body hehe. Long as I can source consumables I don't feel a need to replace it. Bikes used to be about having fun, when did it become all elitist. Do we really need the level of technology of modern bikes if it costs so much?
they overcharge in the first place
Fast forward 10 months… bikes are still outrageously priced.
Boy this video is welcomed after my experience yesterday 🙂 I'm 52 years old and was heavily involved in the bicycle industry in and near Portland, Oregon in the mid 90's to early 2000's. Mainly on the manufacturing and metal finishing side of things. Firt bike I bought new was a specialized StumpJumper in 1987 and later, 2000ish, pre-ordered an FSR full suspension. I have not ridden a bike since 2005. Yesterday, I got a bug to go look at bikes again. I went to a big store in Portland with the intention on seeing what was new… but maybe looking for something used. I had in mind a $600 bike budget because I litterally need to buy everything again, helmet, gloves, etc. I walked into the store and didn't recognize ANYTHING. Finally found a Specialized Rock Hopper… that's familiar so I pulled it down to take a look. THese were a mid-end consumer bike back in the day. Good starting point to look at the componentry… $1100!!! when I flipped the tag over. That was the least expensive bike in the shop. Jeezuz!!… end of that rack was something that looked like a decepticon for $11,000. I felt like an old guy asking were the VCR's are located. They weren't helpful and seemed irritated that I was walking around aimlessly not knowing what I was looking for.
I did end up at another shop that was more patient with me and bought me a new Trek Marlin 6 Gen 3. Quite a bit over my budget, but did meet my needs and I felt like the shop cared about me being happy after the first experience.
I was genuinly bummed that the average person can no longer afford a modern bike. It seemed to me for a while after the 90's boom that there were some decent prices with components much nicer than what I had spent previously. My Trek is pretty sweet IMHO but $700 to $900 for a "starter" Mt bike seems like a lot of money for an average Joe who just wants to ride a bike.
Bike industry failed because big brands started hiring mid-high level managers from other industry who don't understand riders and don't even like riding bikes. What they cared is their bonus check.
How about this: Boomers are AGING OUT of cycling. Gen X doesn't care and too few of us to sustain the overinflated industry anyway. As for Millenials and Gen Z – WHO can afford it and WHO has TIME to ride a bike working 3 jobs?!
I've said this for a long time. How can you justify the cost of a new mountain bike.
It is very simple. You can buy a dirt bike for the price of a bicycle. Dirt bikes are much more fun. Many bike riders are arrogant pricks who no one wants to be around. Many shop owners are also pricks. No one wants to hand over thousands to a prick. I buy used from kids graduating from our local college. Mom and Dad bought these expensive bikes 4 years ago and the kid will let it go for pennies on the dollar. I then do all my own repairs because it isn't rocket science.
My bike is worth double what my car is worth. It’s all about priorities.
I just priced a new specialize roubai expert n then went at a Cannondale bike store n walked away at price n had my old ,,2006,, Cannondale updated, no new one