Bike Boom Demand Continues Into Q3 - Revenue Round Up

Nov 9, 2020 at 5:59
by James Smurthwaite  
Financial reports have been released for Q3 (July-September) 2020 and the COVID bike boom still seems to be positively affecting the industry. Demand for products remains high due to customers still living in a socially distanced world and governments investing in cycling infrastructure. How long will the bike boom last? Can we make this growth sustainable? And when will supply and demand even out? We've put these questions to the industry and will be publishing them in a Burning Question next week.

Fox Notches Record Quarter with Bike Division Revenue Growing 32%


Fox has announced a record third quarter that includes a 32% growth in revenue from its Speciality Sports Group (Fox, Marzocchi, Easton, RaceFace). Sales across the business rose 23.4% to $260.7 million versus $211.3 million for the same period last year. This increase in sales can be broken down into a 17.7% increase in Powered Vehicles Group and a 32.4% increase in Specialty Sports Group. Fox claims that demand for both aftermarket and OE equipment have driven the increase in sales for the Speciality Sports Group.

Sales for the first nine months of the year are also up for Fox. From January 1 to October 2, Fox recorded $628.2 million in sales, an increase of 11.2% compared to the same period in 2019.

Mike Dennison, Fox CEO, said, "Our record third quarter results demonstrate not only the success of our superior products but also the phenomenal resilience and execution by our entire global team. With swift allocation of resources, we were able to take advantage of the strong demand trends within our end markets, while still driving gross margin improvement amid an uncertain and complex manufacturing environment. Based on the strength of our year-to-date results and our expectation for momentum to continue through the fourth quarter, we are pleased to reinitiate annual guidance for 2020.”

More info, here.



Shimano Bicycle Sales Down 3.8% with Increased Income

Shimano factory visit 2018

Shimano's bike division reported a decline in sales for the third time in 2020, but it was able to report an increased operating income of 4.9% (44,131 million yen). Shimano's sales fell by 3.8% in the period of July-September, but when compared to its decline of 14.6% in the first half of the year this quarter's fall to 204,499 million yen could represent something of a recovery.

The Japanese component brand's quarterly report noted demand for bicycles began to rapidly increase from early spring, as cycling is an easy form of recreational exercise and a mode of transportation with a lower risk of infection. As demand kept rising, however, it began to outstrip supply, and there were shortages in distributor inventories in Europe, North America and China.

The report made special note of the brand's Deore MTB range that "continued to be well-received in the market".

More info, here.



Demand for Hope Products Doubles

Hope Tech

Demand for Hope products is currently 100% greater than normal levels. Hope reopened its factory in April and since then has invested around £1.5 million in new machinery and taking on manufacturing staff to scale up the production. It has continued working around the clock and has also increased its number of night shift staff. This has allowed it to ship out 25-30% more product but it admits there have still been some shortages for its product as with most manufacturers.

Hope is apparently seeing demand outstripping supply for both B2C and B2B and is even fielding calls from bike shops it has never worked with before that are desperate for some product to sell. Hope said: "With our passion for keeping all production on-site in Barnoldswick, there will always be a restriction on annual growth. We are still not comfortable sub-contracting any of our production and losing control of quality."

More info, here.



Bike Imports at Highest Levels for 5 Years in USA

Two reports have shown bike imports to the United States were up in both July and August. US Department of Commerce figures picked up by Bicycle Retailer and Industry News, show that 1.9 million bikes worth $151 million were imported in July and 1.7 million bikes worth $142 million were imported in August. This represents the highest level of bike imports since April 2015, when the industry brought in bikes worth $180 million.

The increase in imports is likely due to the increased demand for bikes as well as replenishing stock from lockdowns and factory shutdowns in Asia. BRAIN also notes that, "In July and for the first week of August, importers had an extra incentive to up the pace: a 25% tariff on China-made bikes that took effect Aug. 7."



Dorel Sports Records Sixth Consecutive Quarter of Revenue Growth.

Dorel, the parent company of GT, Cannondale and Mongoose that recently announced its intentions to go private in the near future, has reported that sales in its Sports division were up 22% to $306 million in Q3. This is the sixth quarter in a row that revenues have increased year on year. Martin Schwarz, CEO, said: "In Sports, the second quarter trend of increased demand for bicycles continued and outpaced product availability. In spite of this, the segment was still able to achieve the highest earnings in its history."

Dorel tempered expectations by forecasting difficulties ahead and a challenging fourth quarter. Its report noted that lockdowns were being re-instated in Europe and challenges on transportation, cost increases and supply out of Asia, plus the recent strength of the Chinese Yuan relative to the US dollar, could also result in cost increases.



GoPro Revenue Jumps 114%


GoPro's Q3 revenue has increased by 114% and is up 109% sequentially from Q2. Last year's Q3 was a particularly weak one for GoPro following a production delay with the new Hero 8 cameras, which shifted the bulk of its sales from the third quarter to the fourth quarter. Unfortunately, GoPro had already announced the camera, which meant demand for the Hero 7 fell as it was no longer the brand's flagship model.

This year, GoPro had the release of the Hero 9 Black in Q3 to help boost its figures and it resulted in a very strong quarter. Revenue was $281 million, up from $131 million in 2019 but still a bit below 2018's $285 million. GoPro also ended Q3 2020 with 501,000 subscribers on its PLUS platform (which costs $69.99 per year ($5.83pm), or $7.49 if you go month-to-month), which is up 35% sequentially and 65% year-over-year.

More info, here.



MIPS Continues Strong 2020

MIPS' net sales increased by 94% to SEK 102m in Q3, meaning it accounts for nearly half the brand's annual sales of SEK 225m for the year to date. The quarter was the strongest in the history of MIPS and generated an operating profit of SEK 55m. MIPS sales were down 20% in Q2 as "helmet manufacturers pulled the emergency brake" due to COVID but its sales have now recovered in Q3 enough that the Swedish brand's net sales from January to September have increased by 24% year on year to SEK 225m.

Max Strandwitz, President and CEO, said: "Demand from the US has primarily been driven by sales of bicycle helmets specifically for recreational use. The market situation in Europe has been favorable mainly from strong demand for bicycle helmets used for commuting."

More info, here.



Leatt Revenue Grows 18% Year on Year

Richard Kurowski Photo

Leatt has reported an 18% growth in revenue in its third quarter from $9.65 million in 2019 to $11.37 million in 2020. This increase in revenues is attributed to a $1.16 million increase in body armor sales, and a $1.38 million increase in sales of other products, parts and accessories but they were partially offset by a $0.76 million decrease in neck brace sales, and a $0.07 million decrease in helmet sales during the period. The third quarter forms part of a strong first 9 months of the year for Leatt with 23% higher revenues from the same period in 2019.

More info, here.



E-Bikes Become More Than a Quarter of Giant's Growing Revenue

Giant's third-quarter revenue increased 14.6% to NT$19.47 billion with 27% of that total now coming from e-bikes. Giant said in a press release that countries where consumers are still sticking to social distancing guidelines, "are turning to bicycles and e-bikes to commute or as an alternative form of exercise to keep themselves fit and healthy." This has gone hand-in-hand with greater investment in cycling infrastructure that has helped to boost demand.

Giant also noted that "E-bikes sales price and margins are much higher than traditional bikes" and have contributed to not only an increase in revenue but an increase in gross margin too. The Taiwanese company said it would continue to grow its range and production of e-bikes to grow its market share.


166 Comments

  • 91 3
 Bike boom has translated into backcountry ski boom in mountainous areas transitioning into winter, which is both good for business but risky for everyone on the hill. Human powered sports are in, but stay safe out there!
  • 48 1
 I wonder if it will double the number of people at avvy courses and wilderness first aid....... part of me thinks it will not
  • 25 0
 @j-t-g: That makes me incredibly worried for all the people enjoying the backcountry responsibly
  • 7 1
 @j-t-g: Not in the lower mainland. All of my long-time ski touring/mountaineering friends said the last two winters have seen massive increases in backcountry travel, and so so many noobs. The ski version of people hiking the north shore empty-handed wearing flip flops. No safety gear, little knowledge of terrain/snow/exposure/avy risk/etc.
  • 7 0
 Every back-country skier should watch this, especially beginners!

www.backcountrysafe.ca
  • 8 0
 @alexsin: Super concerned about that this year in CO. We almost exclusively sled and sled/ski. Last year we saw a lot of folks either without gear or making stupid decisions. It will be imperative to know what terrain is above you at all times...Trusting anyone outside of your party to make good terrain decisions will be a stupid move going forward.
  • 1 1
 @j-t-g: it was expected.
  • 1 0
 @j-t-g: those courses have limited space to begin with, and I'm worried that it will make the classes even smaller and harder to access making people skip over them. That will make things more dangerous not just for the group they're in but other people. I'll be limiting my time out this season and focus on ski hill days to keep out of the line of fire.
  • 3 0
 S&R was full tilt int he mountains this year, and that was just with hiking and biking. With ski resorts maxed out I can only imagine how many people are heading into the backcountry without good avi training
  • 4 0
 @j-t-g: My old man teaches avalanche classes and he is fully booked for the whole winter. Never has that happened in his career.
  • 3 0
 @TheLookingGlass: The overhead hazard is real.
  • 7 0
 @alexsin: I blame that on 120-150 dollar lift passes.
  • 3 0
 @savage47: that’s cheap! Half the mountains in Tahoe are over $200 now, and I think (correct me if I’m wrong) Summit County and San Juans are even more than that.

I think it’s also worth mentioning, the boom in season pass sales has made resort skiing much less enjoyable than in the past. Huge lift lines, pay to park, limited terrain for midweek and locals aka saving all the good stuff for the out of town weekend warriors (looking at you Squaw Valley), crazy expensive food, drink and amenities.
  • 1 0
 @Trudeez: summit county vairies from 80 -130 ish but havent seen 2020 prices yet. Agreed almost not worth it anymore
  • 1 0
 @j-t-g: Non-urban OFA 3 courses here in BC are being taught during the pandemic with increased numbers.
  • 2 0
 @j-t-g: well we've been seeing at least twice as many riders contributing to trail maintenance over here so I hope so! /S
  • 5 6
 @alexsin: we all started somewhere, comments like this and all the above are examples of “showing your age”.

People will be fine, the world will be fine, don’t worry about other people, quite frankly it’s not our concern.

People are people wherever you go.
  • 3 0
 @WhatToBuy: always nice to have another party show up above you doin stupid shit. Farkin scary times...
  • 3 0
 @nurseben: in avy terrain, people being people turns them into dead people. Not an option. We already had one person die late season this year in Alberta because he wasn't properly prepared for what he was skiing. Dude was moving to harder things too fast without the proper skills or knowledge that's usually learned over time. All of these people jumping in with no knowledge of the terrain or how snowpack works is dangerous.
  • 2 0
 @nurseben: It is also not just about the new person making mistakes. Without mentorship and experienced people in the group to mitigate poor decisions those mistakes become risks to others. If the consequences were individual I would have very little problem with it but that is not the case.

I am hoping the consensus is that people will take opportunities to gain knowledge and educate themselves in the risks and skills needed to access avalanche terrain. From there they need mentors to lead and foster their developing spidey sense.
  • 2 0
 @j-t-g: Snow still believes in natural selection Wink
  • 2 0
 @monsieurgage: exactly. A mistake you make can affect three groups below you. You might come out fine, they might all get buried and you have to save them all.

How many of these people will be experienced enough to be ok with turning around after driving for 3 hours at 5am, they dig a pit and realize the snow pack is shit. Or will they even dig one and go right for their objective. That's some scary shit.
  • 1 0
 @TheBrosCloset: The ego is real and too many people push on instead of playing in mellow terrain and saving the objective for another day.

By the way I am not trying to preach but have been someone with good mentorship and still made my own mistakes. @j-t-g that statement is so true. A buddy who has been doing this has has half a dozen friends die over 40 years of touring, big class 4s tearing out forests, falls in hidden crevasses, little sluff slide (class 1) and off the mountain you go....how do I count the ways nature does not give an F and is willing to kill you. Not all mistakes just exposure to risk by being there.

@nurseben stay safe man, really hope you do.
  • 1 0
 @alexsin: Last spring I was skinning around a bowl and watched (from about 400m away) a little kid drop into an avy chute that is known for killing several people a season. The dad was cheering him on. I started screaming at him to not drop in but he of course drops in while his little grom is halfway down the chute.

I happened to run into him in the parking lot later and chewed him out. He had no idea it was an unsafe place to be and had no idea he could have buried his son by dropping in right behind him.
  • 1 0
 @Cspringsrider: 2012 called. They want their lift ticket prices back. I paid $189 for a day at Breck in 2018. Last year my company paid $230 for a day pass to Vail.
  • 2 0
 @TheBrosCloset: I haven't head of any others yet this year, so I presume you are referring to the accident on October 19th in Kananaskis? He and his group were very experienced in the backcountry (10 years plus each). His accident was in super mellow terrain after the group turned back from their main objective due to hazards. He tagged a rock and crashed into them. Tragically, he was not wearing his helmet (it was in his backpack). My point is, he was more than capable of being in the terrain where he was, and tagging a rock can happen to anyone. It was not because he was "moving to harder things too fast without the proper skills or knowledge".

I totally agree that tragic situations in the backcountry are more likely this year, but out of respect for the guy, don't group him in with a bunch of noobs. RIP Konan.
  • 1 0
 @juicebanger: that wasn't the situation a was talking about, although I knew people in the group in October.

The accident I mentioned was in the spring near Louise. Newer skier on steep ice.
  • 1 0
 @TheBrosCloset: Gotcha. New skier + steep ice isn't going to end well, although I think the only other incident I recall in the area was on 3/4 in July. I admit once they closed the park I shut down my season and paid less attention to ski-related stuff. I haven't ventured out yet this season either. Sounds like most places are either sharky or sketchy early snowpack or both. I did see that some acquaintances had a sick day at Highwood the other day.

Did you see the images going around of the super gnar crust layers in Rogers? That looks like it will wreak havoc this year...
  • 56 0
 The one thing we know about booms, is that they never end.
  • 6 7
 i dont get it
  • 46 3
 getting excited for all the used bikes from dentists?
  • 32 2
 @Kashima: Neither does the rest of America.
  • 16 3
 We can print our way to perpetual prosperity...until we can't. I always think of the time I had to explain to my neighbor, a 5th grade teacher, that the dollar was not backed by gold.
  • 7 24
flag deez-nucks (Nov 13, 2020 at 17:38) (Below Threshold)
 @westeast: thanks for stopping by and giving us an economics lesson Ron Paul zzzzzzzzzz......
  • 4 0
 I need to learn how to Short the industry...
  • 4 7
 @deez-nucks: hahahaha Ron Paul!!! The only politician that seems to actually believe what he says!!! What an idiot!!!!
  • 2 0
 @Kashima: sarcasm .
  • 16 0
 @westeast: The dollar is backed by Kashima.
  • 1 1
 @killuminatus: the kashima coating only comes on the top of the range $100 bills
  • 3 1
 @RoboDuck: or Alberta
  • 52 3
 I'd like to see change in demand for GoPro's products plotted with demand for the footage everyone's recording on their action cameras...
  • 1 0
 lmao
  • 29 2
 y=e^{-x}
  • 3 2
 @dargside: comment gold right here @mikelevy
  • 46 0
 Of course Shimano sales are down, they've had nothing to sell for the last 4 months.
  • 2 0
 Nailed
  • 6 1
 For a manufacturing company as large as Shimano they would aim to only have slightly more capacity than demand. You're not going to have the infrastructure to deal with a one time doubling of demand.
  • 5 1
 @friendlyfoe: And the factory burning down.
  • 38 1
 Also up are depressed, burnt out bike shop employees.
  • 2 0
 Preach.
  • 25 1
 Imagine getting burnt out from talking with dudebros about the differences between xt and gx
  • 5 1
 Can confirm. It's been a long hard ride.
  • 13 0
 I'm just sick of telling people I can't get hybrids anymore.
"But why?"
  • 2 0
 This is so true on all levels..
  • 1 0
 Pay rate down, work load up. I'm seeing the issue...
  • 5 0
 I'm just sick of the back log of 7-9 speed bikes hanging in our shop that won't get parts for 3 more months because of the current backorder situation who's owners call angryly every week about where their bike is, we again explain to them why there are no parts available and that they can come pick up their bike and ride it in the meantime and then they refuse.
  • 37 4
 If one made market projections on Pink Bike commenters, one would have thought Shimano would be up 152%. I mean have you seen Deore 12 speed!!
  • 6 5
 Just wait till next year though. They were approaching the SLX/Deore trickle-down tech cautiously, as is the Shimano way, and got caught out by a Pandemic-driven 300% sales spike. They'll be doubling down now.
  • 34 0
 I think you'll find a 510% growth.....
  • 2 2
 Shimano has proven to take years to adapt to change in the market. This year is no different.
  • 3 6
 @DHhack: and it take them several iterations to get it right. I have 12 speed XTR and it sucks.
  • 4 1
 @Cyberhatter: I’ve got 12 speed Deore and I’m not impressed or bothered by it. It falls into the good enough for now category. At least I can buy a hub driver if I decide to switch to something else.
  • 3 0
 I think alot of 2020 bikes had Sram drivetrains from SX to GX then maybe an XT build and then X01 for top spec. Now I've seen alot of 2021 bikes running shimano throughout from Deore, throuh SLX to XT and maybe X01 AXS on the top build.
  • 29 1
 Restricted production, limited offer;

Desperate high income people who can not travel, highest demand ever for mtb products;

Massive price increase (boutique shops like forbidden up 10%, for example....);

Production explodes to answer demand;

Party ends, Bubble bursts, Massive hangover;

Cheap second hand high end bikes for all and return to normal.
  • 1 0
 A) I expect Forbidden upped their price on current frames because they have adjusted order volume with their supplier in anticipation of decreased Druid sales and increased LT sales. One of the downsides of manufacturing such a small volume of frames.

B) On the front range, the used bike market bubble has already burst. 4 months ago you couldn't find a single bike for sale and those that were for sale were wayyyy overpriced. I just saw some bloke this morning getting torn to shreds for trying to sell his 2017 Hightower for $6k.
  • 21 0
 GOPROs up = twice as long fail fridays?
  • 18 1
 That means the sponsored riders will get a huge raise with benefits and health insurance this year right?
  • 4 0
 Except I don't think it's the sponsored riders driving the sales increase.....
  • 9 0
 @onemind123: And neither is anyone else in any given company...so maybe the rising tide should raise all ships?
  • 17 0
 Hope deserves it tho
  • 11 0
 I'm a shop mechanic on the north shore and we're still absolutely slammed... it's insane. Hoping for a bit of a break but I don't think we're going to get one
  • 8 4
 can u get me a job there
  • 1 0
 We've been 1-2 months out for service work since March. And our numbers are at a record high company-wide. I don't see it slowing any time soon.
  • 2 0
 @Kashima: Apply, people want qualified wrenches everywhere in North America
  • 3 0
 the traffic on the trails (or trailheads / congregation points anyways) on the shore has been wild. like double that of last year would probably be conservative. curious what percentage of new riders will keep at it post-pandemic.
  • 4 0
 Really depends on the government and how long they continue the sendemic.
  • 1 0
 Same. We're scheduling middle of December.
  • 3 0
 Bike mechanics should be a red seal trade with a three or four year apprenticeship. Its piece of mind when you drop your 10g bike off for service and repair.
  • 3 0
 @jdemeritt: If I'm a self-experienced and efficient mechanic but can't afford certification, then what? Off to the checkout lane?
  • 3 0
 @genericparkrider: i agrée that would be great (I’m a 30 year vet mechanic of the industry) but the shops will still pay us pennies so why bother. A mechanics reputation is better than a piece of paper if it doesn’t get you what you (I) deserve.
  • 2 0
 @bikebums:
If there were certs for bike mechanics then maybe we'd actually get paid properly.
  • 1 0
 @notthatfast: maybe. We certainly would have something behind us to back it. Then we just have to convince the bike owners to pay more for their repairs (no small feat).
  • 8 1
 Would love to see a pie chart of those buying $5K to $10K bikes ... as in WHERE is the money coming from? I have a mortgage, cars, house and kids to feed in the Greater Van area. Coming up with a "spare" $5K is not easy, and it comes at the cost of something else (vacation, house renos, furniture, better car etc).
  • 8 0
 Simply put, with having nowhere I can legally go to spend money, travel expenses for work way down and the fact that I aggressively save... all my disposable income is coming from working.
  • 5 0
 Money is cheap to borrow these days. You’re right though, nobody is spending 5K on a vacation so they’re buying bikes.
  • 7 2
 And that is why none of my Vancouver-area friends have gone the house and kids route yet. None of them want to sacrifice everything else in their lives for it. Even just one kid adds up to the cost of a bike pretty quick.
  • 5 0
 Imagine a guy like me - older, just into the sport this year due to my brother bugging me to join him -accepted and had a great 1st year w some spectacular crashes on blue trails NS,Burke,Squamish using a 2010?Norco Faze that felt like I was hurtling down on a sewing machine - I want to upgrade a bit for next year but I'm battling idiots with wallets and I'm not one of them
  • 12 0
 Imagine you but adept at poking teeth with a pointy stick while holding a little mirror in the other hand which you are using partly to restrain an unruly tongue
  • 2 0
 No idea. I'm self employed (bathroom fitter) and was actually worried during the first lockdown thinking the phone wasn't going to ring again.

I'm busier than ive been and booked up until nearly next summer?

People seem to have more disposable income at the moment, I'm guessing from not being able to go out as much, no holidays etc.
  • 3 4
 @Oreithya:
I read an article about the cost of kids in Switzerland. If you have two of them it adds up to 540.000 Swiss francs untill they are 18. If you want to keep paying for them afterwards (e.g. college), this can go up to a million. So yeah, condoms have a pretty good return on investment...
  • 19 8
 @cvoc: having a child is also a very good return on your investment, it just depends on how you see the world and you place in it.

I’d trade all my wealth for my kids and not even give it a second thought.

So “Mr Condom”, perhaps a call to your parents this morning, thanking them for raising a dick Wink
  • 1 0
 @nurseben: thanks!
  • 4 0
 I guess we all balance our budget to the income we have. In your case it sounds like house renos, size of house, cost of car etc.... lead to not having disposable income you feel is worth spending on a $5k bike. The fact you live in North Vancouver certainly doesn't help. My house/car purchases have always been made with my hobbies and things that bring me joy in mind. This means my house isn't as nice as it could be, and the second family car is worth less than most bikes we have. However, when I see my 3 kids killing it on the trails..... small price to pay.
  • 3 0
 @Oreithya: "Even just one kid adds up to the cost of a bike pretty quick."

*Laughs in American health care costs*

The cost of your average American birth, after insurance, is about 10K USD. It is, however, easier to push a baby out of one's body than a Yeti SB150, so at least there's that.
  • 4 0
 @nurseben:
Just relax, no need for name calling. Fact is people without kids have more disposable income, so can spend a bit more on bikes. Enjoy your kids, I don’t want any but respect people who do.
  • 1 0
 @browner: Yes LOL. Unfortunately not my line of work. Smile
  • 1 0
 @orphan: I'm right with you. Currently riding a 2003 Gary Fisher ... a friend called it a shopping cart. lol

In normal times folks wouldn't be shelling out this much money for bikes, despite all of the clever arguments suggesting they're not overpriced.
  • 2 0
 @njcbps: -whats amazing to me is what some guys are getting for older used bikes -almost if not as much as when they were new -literally if you see anything that isn't a sewing machine or shopping cart and the asking price begins with a $2*** it's gone, broke or stolen
  • 6 0
 Seattle Area parking lots have been twice as full as normal but as soon as you get to trails you have plenty space and few people. And thanks to our amazing trail organization evergreenmtb.org we keep getting more trails.
  • 6 0
 "Giant's third-quarter revenue increased 14.6% to NT$19.47 billion"
That's 19.7B in "New Taiwan dollar" is equal to 690 milion USD.
  • 8 17
flag sunringlerider (Nov 13, 2020 at 15:43) (Below Threshold)
 How many cracked giant frames does that translate to?
  • 13 6
 @sunringlerider: I worked in a giant dealership for about 7 years.... can’t even remember a cracked frame from hundreds and hundreds of sales, and that’s mtb, road, hybrid, kids. Where’s this reputation come from?
  • 2 5
 @steviestokes:
Just personal experience.
  • 2 1
 @steviestokes:
And trust my I had been a giant fan boy for the last oh I don’t know 15+ years.
Even had multiple earlier giant anthems, faith and glory’s. Last two year experience with carbon giants has been a pathetic joke.
  • 1 0
 @steviestokes: depends where you live... Ask the rep and you'll find the warranty departments are pretty busy in Queenstown, Christchurch, whistler, Alps etc
  • 1 0
 @steviestokes: Personal experience for me. I had a 2015 Reign that developed a crack on the down tube @ 6 months. Took Giant almost 4 months to get me a replacement frame.
  • 2 0
 @steviestokes: I have two friends that love Giant bikes and they have 3 broken frames between the two of them in the last 2 years. 2 Carbon Trances and one Carbon Defy, two had cracks on the seat tube and one on the top tube. Neither of them ride very hard at all and one is of average weight and the other is a little heavy. Small sample size with awful results but they both still like to tell me that Giant make the best bikes.
  • 4 0
 "Bicycle Retailer and Industry News, show that 1.9 million bikes worth $151 million were imported in July"...so imported bikes cost $79? Surely they're talking about Maxxis tires.
  • 5 0
 You're forgetting that a huge number of those imported bikes will be BSO's on $100-200 range you find in Walmart. Imported valuation is most likely the trade cost so that number could easily be lots of bikes in the $50 trade price range dragging the average down.
  • 6 3
 Additionally, the second hand market has exploded, driving theft up along with it. My sled was stolen the other day, and all they have to do is respond to a WTB enduro 3k cash now! Ad. But guys, growth ama right!?!
  • 3 0
 I hope bike related companies re-invest some of that money in grass roots racing. I am itching to race, and can only imagine the extra costs/challenges to event organizers related to Covid precautions.
  • 5 3
 Yeah right but this whole growth thing has loads of negative short term effects too. Main problem is trails being clogged by Joeys, e-bike chumps who ride trails backwards and idiots without any sense of outdoors behaviour or trail etiquette.
  • 3 0
 I've never seen my local trails get this annihilated. It's wild man. Dust ruts and braker bumps you'd expect to see at a bike park.
  • 2 0
 At some point the market is going to be saturated and demand will fall. There will be a glut of used bikes and shops may be in trouble. Hope they are all enjoying sales for now!
  • 7 0
 Why would they need to consider that? Things are great right now.
  • 1 0
 @warmerdamj: and i can get all kinds of toilet paper
  • 1 0
 @warmerdamj: why would they need to consider what, no demand? If you run a business and there's no demand for what you are selling than you are not going to make much money. One assumption is that demand will fall back to what it was pre-COVID. Another possible scenario is that there could be a period of LESS demand than what existed pre-COVID. Also if inventory is running out, then there is less product for the shops to sell. I went into a shop recently that barely had any bikes on the floor. Sales were good. But if they can't get anything new in, then what can they sell? How can they make any additional profit? Hope the shops are saving up some of this profit increase.
  • 5 0
 @SeanC1: Thanks captain obvious but it was a joke, sarcasm. Obviously this will come to an end and I will be waiting to scoop up all the used bikes.
  • 3 0
 @warmerdamj: sorry, didn't catch the sarcasm. I think we are agreeing to the same thing. Cheers!
  • 3 0
 @SeanC1: We are! Take care man
  • 1 0
 Can't wait for the used market to reflect all this. Fall/ early winter already has used prices down to a much more normal level. And I think shops, at least my local ones, will survive the implosion as I haven't seen them do anything too wild in response to the demand.
  • 1 0
 The industry is collapsing in on itself! It’s embarrassing to work in the shop and tell people the wait times for just about anything these days. Funny how the toilet paper companies figured out how to get more product out the the bike industry has no idea!!
  • 2 1
 Not sure sales in US goes up in next year, since you cannot buy anything from new collection and old one being sold starting from may with zero stock renewal;

I would assume those numbers should be treated with gran of salt
  • 4 0
 Used bike market will be HOT soon!
  • 4 1
 Looks like my demand for some Hope cranks is going to run into next year.
  • 19 3
 They should probably crank up their manufacturing efforts then
  • 1 11
flag IRIDETHEDEMO (Nov 13, 2020 at 13:49) (Below Threshold)
 @enduroNZ: Yeh mate they're probably all sat on their arses right drinking beer and not trying to figure out how they can...
  • 2 0
 @enduroNZ: Excusing your pun, from what I hear, they are at full capacity. Literally, they are on 3 shifts a day, running 24 hours a day 7 days a week. Hope parts are freaking hard to get everywhere. Been that way all summer/fall.
  • 3 0
 Yeh I really wanted some V4 brakes, settled with Saints
  • 4 1
 I wonder if trail access growth correlates too...
  • 8 0
 If we count braids and ride arounds?
  • 1 0
 Something tells me that will happen, but probably not at least until later this year. We need more time for people to decide that they like MTB and want to be involved in developing it in their area. In my experience, that is usually a year or more after people first give the sport a try.
  • 1 0
 @monkeynaut: I’d be happy if the newbs would just do a bit of trail clean up.
  • 8 5
 WANTED=====ANYTHING IN 26"
  • 2 1
 and 700
  • 3 0
 Funnily enough, I just bought a Transition Bottlerocket yesterday (Yah!), used, from PB. It turns out the owner was a guy I had met a few weeks ago in line at my LBS (Fanatik bikes in Bellingham, Wa) and he was buying Maxxis DHR's for his Bottlerocket, which is why I was talking to him (I have wanted a Bottlerocket for a long time) He said it was the only shop he had been to that had 26" tires in stock. I feel doubly lucky he bought them or else I would have to wait who knows how long...
  • 3 0
 @rosemarywheel: awesome score on the Bottlerocket. Those things are a novelty. I had a dirtbag, ended up selling it to a buddy of mine. I tried to buy back numerous times. He keeps the frame in his parents attic so he won’t be tempted to sell it. I guess when he’s 45 and has a bunch of kids, he’ll hang it over the fireplace and tell stories.
  • 1 0
 @slayersxc17: I saw one of those near me on Craigslist in great condition for $750 but was both trying to not spend ALL of my money...
  • 3 0
 Who knew there are so my economists on PB???
  • 3 0
 Good on hope keeping it in house
  • 4 1
 QBP still hurtin
  • 5 0
 Try BTI, JBI, and Hawley.
  • 1 1
 @seraph: all 3 also hurtin lol
  • 2 0
 @seraph: Lol I try everyday with everyone. I just end up doing a order with QBP at the end of the day its easy to get a cart together with free shipping.

This next season will be interesting, I have seen tubes come into stock and disappear in seconds luckily I have plenty of Bell Wal Mart 26 inch tubes to hold me over, I am curious about our access to affordable parts and how that is going to look. Majority of our repairs are cheap bikes, it's not like I can upgrade them to GX on a $100 bike.
  • 4 0
 @jacobxpaul: yup wonder how long it'll be before anybody can get 7-8 speed shifters, derailleurs
  • 2 1
 What goes up... No real innovation or advancements, prices will get more dentist. Mips for the immanent industry crash
  • 1 0
 What's that expression aboot the gravy train runs fastest just before the crash (or something?)
  • 3 1
 Weird. I have never been riding less than during this pandemic.
  • 3 1
 does anyone manufacture an e bike battery that can be recycled?
  • 1 0
 Lots of newbies on the trails. Trails are jammed. Unless you like gnarly gnar. Then same old. Maybe I see one other person .
  • 1 0
 This is great news for watchers of Friday Fails. They may have to put in an additional day. Wednesday Wipouts?
  • 9 8
 Too many noobs getting hurt on ebikes
  • 1 0
 Hopefully this continues!
  • 4 4
 It will end as quick as it started...and the bike industry will be worse off than it was.
  • 1 0
 6 months to a year wait on new bikes. This is our new reality
  • 5 7
 MIPS is basically a scam unless its for a full faced helmet
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