Revenue Round Up: Strong Sales Amid Supply Chain Issues

Aug 17, 2021
by James Smurthwaite  
ENVE factory visit

If you read the headlines figures on this month's Revenue Round Up, you'd be forgiven for thinking it has been another bumper quarter of growth. On the face of it, that definitely seems to be true, but Q1 and Q2 last year were where the worst effects of the COVID-19 lockdowns were felt. We're not really comparing apples to apples here, but instead looking at how the bike industry has turned around over the 12 months of the pandemic.

As you'd expect, there is sales growth across the board but also a lot of references to inventory and supply chain issues. We'll be interested to see how these filter through as we compare bike boom to bike boom in Q3. In the meantime, here's a look at how some of the big players got on through the first half of 2021.




Shimano: Bike Division Sales up 73.4% Year-on-Year Despite Low Inventory


Shimano has reported a 73.4% increase in sales over the first half of the year in its bike division as the global bike boom has maintained its momentum and demand for bicycles remains high in all markets.

The filing made specific note of Europe and North America where distributor inventory was low, but despite this the sales of its products remained "robust." Shimano's sales were driven predominantly by e-bike components. Shimano said, "while further increasing production in response to continued high demand, order-taking was brisk for EP8, the new product of Shimano Steps sport ebike components series, the new Deore MTB components and a wide range of existing products overall.

Shimano also said that it had experienced some factory shutdowns due to localised restrictions but "against the backdrop of the new normal, interest in and demand for bicycles and fishing continued to be high, and the Shimano Group increased production capacity at the factories in Japan and overseas."

Overall sales for the first half of the fiscal year 2021 increased 65.2% from the same period of the previous year to 264,694 million yen.

More info, here.



Fox at Least 12 Months Away From Normal Inventory Levels:

Fox 34 2022

Fox's Specialized Sports Division, which includes Fox, Race Face, Easton and Marzocchi, recorded a 63.9% increase in sales for the second quarter of the fiscal year 2021.

The increase in Specialty Sports Group sales is driven by continued strong demand in the OEM channel. Demand for Fox's products has been so high that Bicycle Retailer reports that CEO Mike Dennison said that at the current pace it will take 8-10 months for Fox to fulfill pre-orders for bicycle products and another 12-18 months to replenish depleted inventory channels at the distributor and retailer level.

Dennison also commented on the strength of "E-SUVs", which are more burly ebikes and cargo bikes used for transportation and carrying. He said: "That category has been on fire and it continues to be on fire .... people are thinking about other ways to be mobile ... they are thinking about electric cars for sure, but also thinking about electric bikes."

Sales for Fox as a whole were $328.2 million in 2021's Q2, an increase of 79.2% as compared to sales of $183.1 million in the second quarter of fiscal 2020.

More info, here.



Bike24 sales up 34%

German e-commerce giant Bike 24 features in a Revenue Round Up for the first time as it went public on the Frankfurt stock exchange in June. The retailer handled 908,000 orders in the first half of the year that resulted in total sales of €127.4 million, an increase of 34%. 92% of these orders went to Europe with the vast majority being in Germany, Austria and Switzerland but Bike24 is currently looking for a warehouse in Spain to increase its presence in Southern Europe.

Bicycle Retailer reports that an average Bike24 customer made 2.15 orders in the first half of the year, up 3.2% from the period last year. Each order with the retailer averages €141.

Andrés Martin-Birner, co-founder and CEO, said, "We have had an eventful and very successful first half-year behind us, which culminated in the IPO at the end of June. Thanks to our forward-looking procurement policy, our strengthened supplier relationships and a strong team performance, we were able to master the challenges that supply bottlenecks and delays in the supply chain pose to our industry."



Giant: eMTBs Now Make up 30% of Sales

Giant Reign E

Giant posted a new Q2 record for both sales and earnings as eMTBs grew to become 30% of its revenue. Consolidated net sales for the Taiwanese brand came to NT$21.37 billion, which represents an 8.5% increase compared to last year.

Bicycle Retailer reports that Giant said, "With the uncertainties of COVID-19, bicycles remain as in high demand and inventory on hand at retail still low less than 30 days. Due to the limited supply on bicycle components, production rate will less likely to improve further and with increases in global ocean freight as well as increase in shipping lead time could bring some impact to both sales and profit growth for the second half of 2021.

Giant is also looking to make some changes to its manufacturing arm in the future. It said, "Giant Group is still optimistic with the long-term opportunities in the global bicycle market and would invest in production capacity expansion by commencing Vietnam production facility project and increasing automated production to improve production quality so to ensure Giant Group maintain its leading manufacturing position and fulfilling market demand."

More info, here.



Dorel Sports Posts 9th Consecutive Quarter of Growth:


Dorel, the parent company of Cannondale, GT, Charge, and more, announced second quarter revenue of US $765.0 million, up 5.7% from US $724.0 million the same period a year ago. It didn't break down figures but noted that its Sports division enjoyed a 9th successive period of growth due to strong bike demand.

Martin Schwartz, Dorel President & CEO, said: “Given the continuing chaotic supply chain environment, we are very pleased with the second quarter performance of our businesses. We are reporting substantially improved earnings while dealing with record increases in container freight rates and higher product costs in many categories. Demand for our products remained robust, but we were not able to fully satisfy consumer needs due to inventory shortages from a lack of ocean container availability. Dorel Sports had a remarkable quarter, again achieving record sales and earnings. Demand for bikes shows no signs of slowing and Cannondale’s models remain extremely popular in all markets.”

More info, here.



Accell Sales Throttled by Supply and Logistical Issues:

Challenge 06 Descente. Isola 2000 France. Photo by Matt Wragg

Accell Group, which includes Ghost, Lapierre, Haibike and more, posted a 3.3% sales increase in the first half of 2021, but it apparently could have exceeded this were it not for issues surrounding supply and logistics. In the second half of the year, it is looking to increase output factories (and therefore sales) and improve efficiency in its assembly plants

"Overall demand for our bicycle brands and products remains high across Europe. This clearly reflects the increased recognition of the underlying positive impact of cycling on health, business and the environment. We are well on track to meet our 2022 targets,” CEO Ton Anbeek said.

More info, here.


132 Comments

  • 75 9
 So, with popular OEM brands not able to fulfill orders, this makes room for other OEM brands to reach full potential. I think Hayes Group (Hayes brakes, Manitou suspension, Answer/ProTaper hardware etc) could step up. Suntour, Microshift, Tektro/TRP (including gearing)... "Ah, there is more demand for your bikes but you can't deliver because of supply issues? Please step this way sir." More variation on the OEM market is good.
  • 181 1
 If the big guns are having supply chain issues, the little guns are struggling way more I bet.
  • 17 0
 @rhamej: Spot on. Like in any other industry. In fact now there is a competition in-between industries for supply and resources. ie. I'm in lighting and we cannot get certain components in time as Automotive demand is overprioritized by the supplier base. There is no way it works any different for bike industry.
  • 4 6
 @rhamej: Hayes, Suntour and Tektro are already pretty big in the OEM market actually. They just don't have that much foothold in the higher end market and you might not even notice their stuff as it gets labeled as "own brand". But all of these brands have stuff being used at top level competition (Tektro under the TRP name). Heck, all these brands could potentially deliver a drivetrain too. A gearbox in the Hayes and Suntour case and the Hayes one may need a little work. But it may be the cheapest one out there (the BeOne PeteSpeed gearbox, basically a derailleur in a box similar to what Honda used) so that might turn things around. Not saying it will definitely happen but the opportunity is there.
  • 2 1
 @vinay: Agreed. I guess I should have said "smaller" not small. But for the suppliers, they will for sure be looking at the the big three first when it comes to getting them their stuff.
  • 2 0
 @vinay Most companies don't have "spare" manufacturing capacity just sitting idle. If companies like the Hayes Group can ramp up production to meet increased demand, then so can the big players like Fox.
  • 4 0
 @biker245: Honestly I don't have a clue what these different factories look like, but I always had the impression that Suntour facilities are huge, same with Manitou. Never thought those of Fox would be bigger. That said, I do agree that probably no brand is able to match the scale and efficiency of Shimano. Either way, my point wasn't that these alternative OEM players would kick the established brands out of the market. But they might have stock and capacity available when the other brands don't. Of course it does matter how precisely defined the bike spec list is and how well the customers are willing to accept a deviation. But it might be a way to go. Back when YT started, they just had one spec for each bike model. So that they could deliver a "shut up and ride" bike, good enough that it didn't hold you back and not too expensive. If a supplier couldn't deliver, they reserved the right to make changes quickly so that people still got their bikes and prices remained low (as inventory is expensive, especially unfinished bikes). It is when they started to deliver a million variations when trouble started...
  • 9 1
 @vinay: its not the size of the factory that matters.

if you have sales demand that is generally 5,000 units a month, just because all the other companies are booked out doesn't mean that you just start producing 10,000 units a month. you need to hire people, buy machinery and find a vendor that can double your raw material needs.

I find it very hard to believe a company would have the capacity to produce 10,000 pieces a month but only build 5,000. thats a ton of money wrapped up in machinery and people just sitting idle.
  • 7 10
 @jezso: That's not entirely true. For example, if say Brage Vestavik called up your supplier on your behalf and said he needed lights for a new edit (being dark AF in Norway much of the year), they would overprioritize not getting trampled to death by an angry black metal viking and send you the requested supplies post haste. The auto industry would probably offer to make him a new war chariot or something to make sure there's no hard feelings.

Proof positive that Brage is the ultimate "influencer"
  • 1 0
 Heck, I've been waiting on my Hayes to come in for months now. Supply issues are crushing everyone.
  • 5 0
 @biker245:

You could also have a huge factory, all the staff in the world to make your product, but one break in the supply chain and your whole factory shuts down. You are seeing that right now with Subaru and the chip shortage.

What I was getting at, for example, Shimano can't make their chains because they can't source the metal, then other chain manufacturers are probably going through the same thing. And when that source becomes available again, I can guarantee Shimano will be on the top of that list to get it.

I can see where @vinay: is coming from though, I think. If the smaller players have a ton of product stocked up, now would the time to get their stuff out there while others can't be got. But if you have no backlog of stock, then you are crap out of luck.
  • 2 0
 @vinay: i suspect component deals are done in far enough in advance that deviation from that spec would breach a contract. so while a company would be ok with swapping out a component or two to get a bike out the door, there may be something behind the scenes that wont allow it.
  • 1 0
 @mobil1syn: Component companies have contracts with OEMs, and the other piece is the end customer. Huge numbers of orders are already placed and waiting to be filled with specific parts on them. I doubt the contract with customers is binding, so in theory they probably could swap components and adjust the price, but that's going to hurt the company's reputation and future orders.

The smart move would be to just wait it out, everyone blame someone else further down the supply chain, and hopefully people get bikes before they are too old to ride
  • 2 0
 I did a banshee Titan build this spring with all of these alternative components; hayes, praxis, joystick, schwalbe, etc. its been nothing but problems. difficult to small find parts/ labour know how to fix these components when things happen
  • 1 0
 Thanks all for your input on this. I just thought that if the other brands mentioned an increase in sales of over 60% (so somehow could find ways to increase production), so could Suntour and Hayes/Manitou. But yeah, if these are already running at full capacity then they shouldn't try to sell more. But if they're willing to increase production capacity (including staff indeed) then the market potential is there.

@mobil1syn: Yeah, maybe. But that's why I mentioned YT Industries earlier (in how they started out). They simply reserved the option to replace components if suppliers weren't delivering. It will be harder to do if you have a huge range of specs (often six or more spec options per model nowadays) but for instance Privateer Bikes may still be able to pull this off. If Fox doesn't deliver customers could choose to either wait it out or get Manitou or Suntour equivalent suspension for say 100 or 200 or euro off.
  • 1 0
 @jackalope: I am talking ambout professional lighting B2B, not consumer buisness. I did not point that out, sorry for that.
  • 3 0
 @rhamej: this. lol. people don't understand the cutthroat nature of this. the big boys are putting the screws to suppliers to keep smaller competitors from gaining market share. if you are not commiting to 10,000 groupsets, you do not have a seat at the table. period. you are a bottom feeder and will get whatever scraps there may or may not be.
  • 1 0
 @jezso: I wonder if Specialized is going to unleash their specialized legal eagles on Fox's Specialized Sports Division for using the specialized word "specialized" in a specialized name format?
  • 1 0
 If they are just a smaller version of the big guys, their situation will be even worse. The big opportuntities are for manufacturers to go direct to consumer (or closer to them) without long supply chains or increased prices making room for domestic manufacturers. I'm excited to see growth in the latter, but the problem is the entire supply chain from raw resources up is global, so even manufacturers are struggling to meet demand.
  • 1 0
 Some seat manufacturers have been quoted 60 month lead times.
  • 2 1
 @jrocksdh: that's a entirely different issue. that issue being that all the bike saddles in the world are made by one woman(yes, I mean this). STELLLLLLLLLAAAAAAAAAAAA!!!!!!
  • 68 24
 Many able bodied people switching from mountain biking to moped-ing - a sad loss of human potential.
  • 84 4
 Most humans never had much potential anyways
  • 20 23
 @the-one1: an ebike isn't in the budget, but I'd kinda like one to work on my DH potential with more laps.
  • 20 32
flag CSharp (Aug 17, 2021 at 15:53) (Below Threshold)
 If community trail builders keep building trails where you climb straight up in a straight steep line, hell yeah - it's meant to be ridden with an e-Mtb. Who's stupid enough to suffer the pain without any enjoyable reward? You can train yourself year after year to say no to an e-Bike until finally one day where you're not that young and you're gonna say "I've paid my dues. Now let's have some fun". Seriously, that day will happen.
  • 4 3
 @jesse-effing-edwards: "I only ride park." Great News everybody...
  • 15 3
 I think we can now blame the shortage of bikes & parts on a shift in production to support e-holes.
  • 14 3
 @CSharp: If you think going uphill is suffering youre in the wrong sport.
  • 17 4
 @CSharp: Mountain bikers pride themselves on having grit. For those without any, there's ebikes.
  • 5 1
 Counter point…many people who race/ride dirt bikes (the kind with big gas motors) at a high level are super fit.
  • 2 2
 @NotNamed: There's more to mountain biking then just climbing, you know. My climbing days are sometimes over. Yes, I know it's in my head but also physically I've been in the decline for years. I know that since I go back on my Strava and other means of journal recordings. As well for those who have injuries or health conditions, you can't just say e-Bike is for wimps or for those who don't have skills. That's total BS. It's not like an e-Bike is fully motorized like a motorbike and you don't have to put out even at 50%, there's still upper body muscles and skills involved. I've know people who can ride up, but can't ride down!
  • 2 2
 @chriskneeland: Try a full suspension e-Mtb, you'd be amazed at how gritty it can be!
  • 5 1
 @CSharp: This just isn't true. First, nobody is building ebike specific trails that are "meant to be ridden with an e-Mtb". Second, ebikes (or "e-SUVs" - WTF?) are just the latest go-around; we've had mopeds, scooters and motorbikes the whole time, meanwhile mountain-biking has ebbed and flowed throughout it all. Finally, for a big group of bikers pedaling up is part of the entire experience. I love shuttling and bike parks with chairlifts, but despite my advanced age I also love getting to the top under my own power, with burning legs and gasping lungs. If you want easy, stay home.
  • 3 1
 @NotNamed: Ha! I replied with essentially the same thing before seeing your post. If you want easy; stay home.
  • 3 4
 @plyawn: Seems like there are trail snobs out there. I've ridden up trails that are 25% grade and I've cleared them - so what? WTF cares? Do I want to ride up 20%-30% grade all the time - no! Can I ride trails that are in the range of 5-15% yes and I'll reserve my non-e-Bike trail bike for those occasions. However, I'm just saying e-Mtb has their purpose for people and for trails that may not be suitable for people who might not be as capable as those who loves that kind of stuff. Yet, people who actually have had any experience riding a full suspension e-Mtb comes out bashing like they're anti-maskers and anti-vaxxers. I kind of felt the same until I actually tried a full suspension e-Mtb bike. It's not like you don't do anything on it to move the bike. You still need skills to maneuver technical terrains and tight turns. It's funny how people think that mountain bike riding is all about just riding up a steep mountain. If you want to ride up and record the massive elevation gains, you can do that on a road bike. That's easy too - tell that to a roadie and tell the roadie to stay home!
  • 3 1
 @plyawn "If you want easy; stay home." That is a negative outlook on it. People ride for different reasons. Some people like climbing, some don't. Some like jumps, some like tech. Some are able bodied, and some aren't. Who are you to tell people what they should do or ride? At the end of the day, people should loosen up and let people enjoy whatever bike they choose to ride. We're all riding bicycles in the woods, and trying to get away from unnecessary negativity. Isn't "fun" why pretty much all of us ended up riding?
  • 32 1
 I've had beers, so take this with a pinch of salt, but this shows the mountain bike industry is in great health and it should be applauded. Also if Specialized could let me know if I could get an Epic Evo before 2023 that would be great
  • 45 43
 Don't ride Spesh. Done
  • 2 1
 I heard they messed up their for Shimano and will have a very small stock for 2022. 2023 might be your target unfortunately.
  • 4 1
 @honda50r: why's that?
  • 6 1
 @vhdh666: some people do not like them because they are kind of sue happy sometimes.
  • 17 10
 @vhdh666: They're too big. Pinkbikers only support companies that donate 100% of their profits to battered women and dog shelters.
  • 7 0
 Specialized must be killing it. They're private, but most of their stuff is made by Merida:

"In the first quarter of 2021 Merida Bikes generated a total revenue of TW$ 8.02 billion (€236.71 million) a year-on-year increase of 52.56%."
  • 3 3
 you will get it before 2023, but it will also break before 2023....
  • 2 0
 @HankHank Ignore them. The Epic Evo is amazing.
  • 2 1
 @singletrackslayer: "battered women and dog shelters"

aint those the same things??? /s
  • 31 2
 The bike I ordered in November showed up last week. I had forgotten I ordered it.
  • 8 0
 Some people ordered 4800$ stumpy evo 2021 last September and they got to pay 6000$ last month for the 2022.
  • 4 6
 @knightmarerider: blame the federal government. that's purely the effects of inflation.
  • 2 0
 Unless you bought it for $20 how could you forget?
  • 1 0
 @mrkkbb: I had yet to pay for it.
  • 3 1
 @conoat: Inflation is not responsible for companies failing to meet their commitments. If a customer puts down a deposit and stops pursuing alternative purchases because they were promised a certain item at a certain price, it’s completely shitty to turn around and charge the customer more to make up for the companies failure to perform. And offering to return the deposit is not sufficient remediation given the opportunity cost.

This is the nature of futures contracts. The market is liable to change between the agreement and execution, and both parties accept the risk they will be the loser in that shift in exchange for certainty. If a company can’t hedge these risks they shouldn’t make future commitments.

I say all this while being a libertarian horrified at what the government has done. But companies can’t just drop their commitments when it’s inconvenient for profitability. Especially when posting record profits already.
  • 1 0
 @Blackhat: it's too bad that the law doesn't agree with your opinion.
  • 1 0
 @Blackhat: My LBS charged me the same price the bike was when I ordered it, the price has gone up abut $300 since last November. I was told that Specialized is honoring some of the old prices if bikes were ordered a while back, because of the delays in shipping and parts.
  • 1 0
 @conoat: You know you’re in a bad spot when your best argument is that something isn’t literally illegal.
  • 3 0
 @Highlander406: I’m sure many - maybe almost all in reality - of these are handled fairly, and I’m not trying to bash specialized or any other company in particular. Just don’t like seeing inflation used as an excuse to screw customers out of what was agreed.
  • 15 0
 Next article: "Due to supply chain issues and the unforeseen hardships of covid-19, we will unfortunately need to raise the prices 15% on all models"
  • 7 0
 Prices are rising already - both MSRP and effective ('street') price. The former is pretty measured so far (a couple hundred for mid-range to higher end MTBs across most brands, or same MSRP instead of a slight reduction in subsequent model years as you'd often see in the later part of a model's lifecycle). The latter is pretty dramatic, as most LBSs no longer give any discounts on full bikes or on sought-after components - not to "shop riders", not to affiliated clubs and teams, not even to "friends and family".
  • 1 5
flag conoat (Aug 18, 2021 at 1:54) (Below Threshold)
 translation: inflation is 15+%
  • 13 1
 [restraining my typically eBike snark]...Giant eMTB sales making up 30% of revenue....I'm shocked...but not shocked. Something to be said when you can price eMTBs starting a $2,750 and maxing at $6,150 (2021 models)...instead of the price of a new compact car.
  • 14 0
 GT/Cannondale sold 724 million worth of bikes, but I haven't seen one in Nor Cal in a decade or so.
  • 6 0
 Yeah brand preference differs by region
  • 2 0
 Same here, I think I haven't seen a single GT this year and I work at a bike park. Also yesterday I asked my lbs about the availability of the new Force, they told me I could maybe get one in 2023.
  • 5 1
 Nor Cal loves their Yetis, Santa Cruz, Specialized and YT's for some reason
  • 2 1
 @theoskar57: I would argue that it’s Santa Cruz, Specialized, and Ibis (in that order) at the core spots and that makes sense since all of those companies are located there and doing the majority of their testing in that area.
  • 1 0
 @Giddyhitch: oh yeah I missed Ibis, true
  • 1 0
 Yeah, I have not seen a Cannondale or GT mountain bike in ages. Who is buying them and where are they located?
  • 14 0
 Everyone buy e-bikes so I can finally buy a normal bike in the next 2 years.
  • 3 0
 But if everyone is buying a ebike, why would they make a normal bike.....
  • 11 0
 I am sure that means your favorite pro rider just got a 5-10% raise and can almost afford health insurance or transportation to their next event.
  • 23 15
 Theoretical question.... If that electric motor number hits 51% for Giant, are they still a bicycle company or are they a motorcycle company that also makes bicycles? If that number hits 51% for all of the major brands, are we still a bicycle industry?

Absolutely not trying to sensationalize anything here.... just curious where the pedal powered 2-wheel world is headed...
  • 1 4
 Labels are useful but ultimately subjective. As-such, feel free to call it whichever you like!
  • 17 34
flag noideamtber (Aug 17, 2021 at 14:07) (Below Threshold)
 well bicycle because an ebike isnt a motorcycle.
  • 10 4
 @noideamtber: apparently Websters says we're both wrong. According to the dictionary they are neither bicycles or motorcycles.... they are mopeds. So, I redact my original statement and instead assert that we may be headed towards the moped industry. Curiosity still abounds.
  • 2 0
 Remember when cannondale decided to become a motorbike company? It’s another example of them being so far ahead of everyone else.
  • 6 9
 @agraber: a modern "moped" as my daughters.. has a throttle, is nothing like my Ebike.
jelously/arrogancy of the -20 downvotes is amusing
  • 2 3
 @Afterschoolsports: They also have the best Geo of current enduro bikes, glad they realised we are at the "length" already, We have 2 frames on order, loved our demo one so much - wouldve gone for complete but not interested in 38/zeb.
  • 1 0
 @noideamtber: yep. I have ordered a Jekyll for my next trail bike. I figure the idler will be like adding resistance to my workouts. Haha. Who knows if I will ever get it, but I am always optimistic and my lbs is straight with me that they don’t know if it will ever be delivered.
  • 2 0
 @Afterschoolsports: The range i had didnt feel like any real added drag, but you could def tell it was a big bike, reminded me of the recommended size Meta AM I had, i was re watching the Grim donut videos and the guy from pivot pretty much said the bikes are not even designed around the racers but what the customers thought they wanted - yet ever racer comes out an says "im not getting any bigger so why should my bike"
it's just crazy how most of the industry has shifted to big bikes to make up for lack of skill - which generally come from the ones who buy the "high end spec" versions.

I get passed by the guys on Commencal's at the bike park on the connecting trails(like gravel roads etc) but when it comes to the turns or jumps I just float by
  • 1 0
 @noideamtber: as a tall rider (195cm), I’m pretty happy with the current reach trend. It finally feels like bikes fit me, rather than me trying to balance myself on top of the bike. At the same time I do like a nimble feel to my bikes. The Jekyll will do the same 20km loop 5 times a week so I’m sure I will notice the drag compared to the light shorter travel bike I’m on now.
  • 8 1
 It's so hard to make sense of company financials right now. In some cases +66% equates to flat adjusted sales growth, many companies didn't do business for 4 of the first 6 months of 2020!

Anecdotally, how is it on the shop front? I assume a lot tougher.

My local powersport supplier is getting railed. They sold all available inventory for the year by May.... now taking preorders for sometime next year and can't book a sale until the shipment comes in. It's gonna be a tough back half for the end dealers who can't get stock.
  • 2 0
 The shop where I work, the pace has barely, if at all, slowed down from the peak of the boom. Still a long backlog of work orders, and still lots of crucial, basic parts on backorder. The only real lulls have been during heat waves. I was pleasantly surprised that one of our bike brand sales reps was able to reserve me a bike for a pro deal. The ETA is in winter, and I wouldn't be the least bit surprised if it comes even later than that.
  • 2 0
 My god powersports.

In the fall of 2019 I was looking at new “end of season specials” on a UTV to plow our driveway. A little looking around and I had plenty of options that were $5k+ under MSRP (around $18k).

Decided that was still too much money, then started looking again this summer.

Now, the same UTV is at least $5k more expensive, if you can find it in stock anywhere.

I guess bikes aren’t the only outdoor gear absolutely inflated in value by the pandemic.
  • 4 0
 One of the local shops here has given up on selling product and rotated to rentals and service. They could not get any stock.
  • 9 0
 Will sell soul for new DJ wheelset - HMU
  • 3 0
 I got some mint i9 torch wheels or unlaced spank rims...
  • 16 0
 @Thegnarberries: So, now you've got his soul. Better be worth it.
  • 4 0
 @vinay: god dang it I needed a soul from a "chris" to add to my collection
  • 3 0
 @vinay: nah. I9s worth way more than this dude's soul.
  • 3 0
 @sspiff: yeah, that dude’s soul is out of warranty and has a bunch of stress cracks already. Good luck finding parts for that thing too.
  • 1 0
 @Giddyhitch: IMO yours is the best comment this year. By a significant margin.
  • 5 0
 Lets not forget that the products that are getting through to consumers, seem to have a much higher rate of product failure or defects in the last few years. Seems that in an effort to meet demand lots of corners have been cut on quality control. Not just in cycling but almost everything coming out of China over the last few years, have much higher defect rates. A mix of rushing, poor materials, lack of staff etc. I hope Covid has taught companies and countries the benefits of local production, where standards can be adhered to. A quick profit now may come at the cost of long term brand reputation. It only takes one bad experience in a poor product or poor customer service and unlikely to ever get that consumer back.
  • 4 0
 I don't think the bike industry values its customers, never have they made more money and yet customer service is appalling, people wait weeks for even a response by most companies. Not only are bikes and components at an all time high in cost, not content with that, the quality is lower, thinner materials, cheaper materials, all in an effort to squeeze profit, when they are already making huge profits. Example, my bike came with a branded headset, off the shelf it would come with a stainless bearing, but the bike maker specs a lower grade bearing, to what make an extra couple of dollars. You see that all over on bikes. That's what happens when bike companies get taken over by bean counters, it happened the same way in the car industry.
  • 1 0
 Literally less than a dollars difference at volume. You are completely right. It’s been this way since I bought my first bike in the early 90’s.
  • 3 0
 Giant's numbers are interesting. With eBikes making up 30% of revenue I'd be curious to hear what percentage of volume they make up. I have a sneaking suspicion that they are high margin bikes much like SUVs make up most of the revenue for car manufacturers without necessarily being the top sellers.
  • 3 0
 You just have to stop producing in East Asia with all the dangers and delays due to having to deliver a bike to the other side of the world and your market will improve. If Giant produces the bikes with robots then it can also be done in Europe and America (where probably such robots are designed)
  • 5 1
 There is a new halston inversion ebike fork coming down the pikes!!!! Plus maverick and Ellsworth have an ebike tandem boralyn recumbent trail boss spectator model coming!!!
  • 2 1
 I am confused about the statement "Giant posted a new Q2 record for both sales and earnings as eMTBs grew to become 30% of its revenue." and I don't think there's enough info here to take it at face value.

I highly doubt eMTBS are 30% of Giant's total revenue or "consolidated net sales" overall. They make such a huge range of products that including bikes and components, and they are also a wholesale parts distributor, all sources of revenue for them. I can imagine it might be 30% of their revenue from mountain bike sales specifically, or current model year bikes, but it has to be something more specific than bottom-line 30%.
  • 1 0
 At a certain point it will become difficult for bike companies to make money if they don’t have a product to sell. I imagine that some money is spent to get components for their bikes, now they have to wait 8-10 months to be able to recoup that cost by selling that bike.
  • 5 2
 super happy for the bike industry. capitalize and make as much money while you can! Beer
  • 16 2
 Let's just hope they re-invest it in the form of trail networks, events, and riders.
  • 42 0
 @chriskneeland: paying their employees more would be a good start
  • 4 0
 @SterlingArcher: yeah so there is no way they do either of those things. They will develop some sweet new standards though. 28.991 bottoms brackets, 33.5 seatposts and the not yet released 153 "compromise boost."
  • 2 0
 @SterlingArcher: I'm on board with that
  • 3 0
 I’d love to have that Shimano Link Glide group set. Too bad it isn’t even available yet.
  • 4 0
 Is it even a new shimano group set roll out if you don't have to wait 3 years to be able to buy it?
  • 1 0
 I just got a couple of link glide drivetrains (and 14 chains haha) in singapore. I can’t wait to try them out when I get back to oz.
  • 5 2
 For some reason Outsider revenue has plateaued
  • 6 2
 Once the paywall is implemented it’ll increase exponentially Beer
  • 2 0
 i havnt seen any GT Bikes in atleast a year, got 2 new Forces on order though
  • 1 0
 I will always remember the brands that took care of their local dealers the best they could and the ones who prioritized big internet distributors.
  • 1 2
 Companies are shifting their resources towards e-bikes and e-bike components, further tightening the supply of regular bikes and components. Business gonna business so perhaps this is the new norm?
  • 1 0
 Am I to understand that the price of carbon rims will not be reaching a reasonable price point? "sarcasm"
  • 1 0
 every time i hear "dorel" i kind want to
  • 4 7
 Lol what a f*ckin joke... so if year over year sales are up 5-,60,70% why is there price increases.
Regardless of supply demands.

These numbers do not even cover what online and LBS are clearing year over year I would love to see that figure.
  • 7 1
 You’re really asking why prices are going up when demand is strong and supply is low?
  • 1 0
 So would opening a bike shop be wise?
  • 4 0
 Unless a lot of stuff has changed recently then probably not yet. A lot of manufacturers aren't even taking on new shops until they can fill orders they owe to their current ones. Shimano you can't even get a chain from, fox you can't get anything from. Sram you can kind of mix and match your way around. A maintenance shop lately but it's almost the off season. Used bike shop maybe.
  • 1 0
 So, no chance of grabbing a DHX2 any time soon. How you holding up, EXT?
  • 1 0
 I think you'll need to buy a Norco Range frame
  • 1 0
 @boozed:

lol they’re not in stock either. Beautiful frames though
  • 3 3
 Well, we made you all wealthy, now roll back the premium prices.
  • 8 0
 Ahh yes, the bike industry, where everyone goes to become notoriously wealthy.
  • 1 0
 How's PIVOT doing?
  • 2 0
 They are releasing new bikes and sold out. These numbers are kind of off though as most compare it to a year ago when manufacturing was shut down. So everybody *should* come out looking good according to this. Beating 2020 by 5% doesn't seem that impressive.
  • 1 0
 Need more mfg in Mexico.
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