Revenue Round Up: 'A Lull in the Cycling Boom'

Nov 19, 2021 at 5:34
by James Smurthwaite  
Pajaro Experiment

This time last year, the lockdowns were lifting and we were starting to understand the positive effect the COVID-19 pandemic was having on the cycling world. Sales were skyrocketing as people emerged from lockdown eager to try new hobbies and explore alternative transport options. Bike brands have been posting record sales since that time and that continues this quarter, however there are also signs that the bubble could be starting to lose some air. Let's get into all the key details from brands recent Q3 revenue reports.

Shimano sales up 56% despite signs of waning Bike Boom

autonomous forklift picking up finished parts

Shimano has announced its bike sales division recorded a 56% increase in Q3 sales year on year to 319,007 million yen, and operating income increased 103.4% to 89,764 million yen. While previous statements from Shimano have highlighted the strength of its Deore groupset, this time its recently released Dura Ace and Ultegra road groupsets. Shimano was also able to increase its production in Japan and overseas despite tightening of logistics and temporary shutdowns due to local restrictions.

Shimano says that its inventories remained low across the globe but it noted that, "there were signs of a lull in the cycling boom" in North America, South and Central America, and Oceania and "demand for entry-level bicycles appeared to have settled down" in Asia.

More info, here.

Fox Records fifth consecutive record quarter

Fox Float X and DHX 2022

Fox has recorded a fifth consecutive record quarter with a sales increase of 33.3% to $347.4 million, compared to $260.7 million in the same period last fiscal year. The Speciality Sports Division, which includes Fox's bike brands, grew stronger than the company as a whole with a 48.1% increase.

"Through sheer perseverance Fox's global team has delivered a fifth consecutive record revenue quarter, despite the disruptive impact of the pandemic on global supply chains, inflation, and labor availability,” commented Mike Dennison, Fox’s Chief Executive Officer. “I am very proud of our team members who continue to exemplify dedication and commitment to our customers by exceeding expectations and strengthening our brand during this unprecedented operating environment."

For the full fiscal year, Fox is expecting sales of $1,272 million to $1,292 million.

More info, here

Giant revenue up 18% but profits down


Giant set a third consecutive record quarter for revenue with a 2.5% increase over the same period last year up to NT$19.95 billion. This means that it is now 18% up year-on-year on sales for the first three quarters of 2021 to NT$61.94 billion.

However, increased component costs and logistics meant that these record sales did not translate into bigger profits for the quarter as net profit after tax was NT$1.28 billion for the quarter, a decline of 13.6% from a year ago. It also said that component shortages affected overall production.

E-bikes grew 37% over the three quarters and now account for about 31% of the Group's business.

More info, here.

Dorel Sales Down 1.7%

Cannondale Alex Pong V4000 from 1994

This is probably the last time we'll feature Dorel's financial reports before its Sports division gets absorbed into the privately held Pon Group, an $810 Million deal that is expected to be finalised before the end of Q1 2022.

The segment's third-quarter revenue was US$740.9 million, down 1.7% from US$753.4 million last year. It also reported a net loss of US$37.0 million vs a net profit of US$26.2 million last year.

Martin Schwarz, CEO and President, said, "The third quarter was highlighted by the agreement reached to sell Dorel Sports. The transaction has accomplished our major objective of unlocking shareholder value by monetizing Dorel Sports at a time when the demand for bicycles is strong. We will provide further details of the use of net proceeds once the deal closes, which is expected before the end of the first quarter next year. Our focus now is to replicate the success achieved in our sports business at Dorel Home and Dorel Juvenile."

More info, here.


MIPS headquarters

Mips' net sales increased 81% year on year for Q3, which keeps it in line with the year-to-date growth of 82%. The sales aren't broken down by sector but apparently the increase in turnover is apparently mostly driven by the strong demand for bike helmets in the Sport category.

Max Strandwitz, CEO, said, "During the third quarter the great demand for all kinds of helmets in the Sports category continued. This was mostly driven by high sales growth for solutions for bike helmets. All over the world, inventory levels in retail remain low and our assumption is that they will not return to normal levels in the immediate future. As communicated in the last interim report, we see continued high demand for our products in this category also going forward."

More info, here.

Author Info:
jamessmurthwaite avatar

Member since Nov 14, 2018
1,770 articles

  • 215 2
 If anyone out there would like to use their older bikes (say, like a 27,5 they can’t get sold on Pinkbike) to get affordable holidays, we run such a scheme. We operate in the sacred valley of the Incas in southern Peru (on the way to Machu Picchu) and our ngo exists to give racing, training, commuting and basically ANY kind of cycling support to local communities (but pretty much all the kids who don’t want to be footballers want to be pro mountain bikers around here).

We will give bicycle tourists up to three months of free accommodation in our charming off grid mountain cabin (solar lights and power, gas heated water) that sleeps 2 comfortably and a family of 4 cosily in exchange for their old (but mechanically sound) gravel, cx, enduro or dh bikes.

We also have more than 10 years of hospitality and tourism experience working in various agencies around the region so we can help you put together the most awesome itinerary.

Dm us on our insta: @lacasaciclistavallesagradoperu
  • 15 0
 Thats cool
  • 16 66
flag scott-townes (Nov 24, 2021 at 4:12) (Below Threshold)
  • 3 0
 Worthy effort, good luck!!
  • 31 1
 @scott-townes: there is no lower limit, nor is the length of your stay determined by the value of your bike (realistically most bikes will probably have a greater monetary value than the accommodation costs), rather you decide how long you want to stay and explore this incredible place, with an upper limit of 3 months/90 days (the maximum tourist visa available on arrival) and the rest is up to you. We also happily accept old equipment (helmets, lights, fenders, panniers & bags, clothing etc- but none of that has an impact on length of stay) and also workshop tools (likewise)
  • 12 1
 @withdignityifnotalacrity: thanks! We hope the global cycling community agrees
  • 2 96
flag DizzyNinja (Nov 24, 2021 at 5:52) (Below Threshold)
 How about a picture of a bicycle, I have one of those. I also have pictures of chains, cassettes, derailleurs, and many many other parts.
  • 7 0
 @DizzyNinja: As long as those pictures are NFTs and of course therefore worth an impossibly large amount of money.
  • 142 4
 @DizzyNinja: i get that everyone on Pinkbike thinks they are hilarious, but we’re actually trying to make a real difference to the local populations lives here.. for example, a donated cx or gravel bike can be used as a commuter for school kids or a cargo bike for local small farmers to get their products to market in a far more cost effective manner (that is also much more environmentally sustainable, and we live under rapidly disappearing tropical glaciers in this valley, so that’s something that matters to us).

Likewise, racing opportunities for disadvantaged local kids are non existent. There is a vibrant local race scene, but the only competitors are the rich kids who’s dads own tour agencies or bicycle shops. None of them train (couldn’t climb 5meters) but they all think they are gonna be World Cup racers) while the poor kids who live at +3000 meters must ride shitty, broken hardtails or not bother to enter at all.. I recon a kid who grows up at more than 3000 meters and rides those trails daily on a piece of crap bike is far more likely to become a world champion than some rich slob who sits in his dads 4x4 shuttling all day, don’t you?

So please, go ahead and jest if you must but we take this very seriously and we believe that in 15-20 years we can produce multiple world champions from this valley.. we have only been operating for 6 months but have received no support from the local bicycle industry (almost every town in this valley has a bike tour agency- owned by some rich guy from the city or abroad) nor (not surprised) the international industry..
we’re just hoping there are cyclists of any persuasion somewhere in the world who
a) want to see Machu Picchu (obviously),
b) discover cycling paradise (seriously man, Whistler ain’t shit, and here there are no queues or other riders on the trails),
c) take a sustainable vacation (ok, not 100%, but every little bit helps) and
d) take an older bike that’s not getting used or can’t seem to be sold because it’s the wrong wheel size and use it to have a great holiday and then make some kid who’s cycling opportunities are null dreams come true..
  • 16 0
 @fiftyshadesofbacon: You guys sound friggin amazing. Would love to get down there one time!
  • 4 1
 @bishopsmike: anytime! Just send us a dm on insta (no webpage as yet, we need a computer first!) we’re pretty grass roots at the moment, but we think that’s a benefit as we aim to show people the real sacred valley, not the mctourism version! All cyclists of any persuasion (discipline) are always welcome (well even grind out road miles with you if that’s your thing!)
  • 8 0
 @fiftyshadesofbacon: A few years ago, my wife and I were in Cusco to do the hike to Machu Picchu. Before we left, we took one day, rented bikes and hired a local guide to take us mountain biking. Out in the country side we explored the small towns or Moray and Moras, had some corn beer with the locals and finished the day with an amazing descent past the salt mines down to the Urubamba river. For sure, one of the most memorable days of my life and would highly recommend a trip to this area.

Keep up the good work sir! Anyone helping disadvantaged kids to get on bikes gets a gold star in my books!
  • 11 1
 @fiftyshadesofbacon: "Whistler ain't shit" is a bold statement.
If I had an extra bike laying around, you could color me intrigued.
  • 9 0
 @fiftyshadesofbacon: Wow, super cool project. Did you just start up? Asking because your IG just had the one post and no real info that I could find. My suggestions (for whatever they're worth) don't delay in building out your IG and TikTok. Just need phones for that. Get some basic info posted as well as some idea of the Whistler-crushing trails you mention. Reach out to some established influencers (Jeff Kendal-Weed comes to mind) and get them to come down over the winter. If you get just a bit of traction with this, I bet you can secure a manufacturer sponsor. Good luck!!!
  • 27 0
 @fiftyshadesofbacon: hey pinkbike! Reach out to this guy, tell the story, and help him do a great thing!
  • 3 0
 You might want to think about a slightly easier IG handle.... Good luck!
  • 2 1
 @Dtwillow: the trail down Salinas (salt mines) is super fun!! There are a couple of new ones in that area too now!! Thanks so much!
  • 8 1
 @jomacba: fair enough! That is just an opinion (mine) and not intended to throw shade on Whistler (which is a super fun place to go riding)! Just not everybody’s cup of tea.. personally I’m not a fan of park trails, waiting in queues for uplifts or super congested trails like they are in season over there...
I prefer narrow, natural technical trails (more traditional “mountain biking”) and am not a fan of perfectly sculpted trails wide enough to fit a hummer down.. I like a challenge. Most of our lacalntrails are long as hell (6km is considered a short descent), natural (or made by the yearly erosion of the rainy season, cows and livestock or old Incan roads) and lead to or from spectacular locations (glacial lakes, forests and almost always some Incan or pre-Incan archeological site) so please Canada, nothing but love for you guys, just not my cup of tea
  • 4 1
 @Chuckolicious: thanks. Yeah we started this year after a delayed time having to do all our registrations and legal NGO stuff during COVID.
We tend to post stories regularly as we run club rides from our income generating project (bicycle cafe) and as we only have a staff of two (working both the cafe and NGO) a quick edit is about all we can manage at the moment.. we have made some contact with European influencers (gravel) as we are keen to target that market (no agency here is offering gravel tours, which is ridiculous as the last year of scouting has convinced us that this may also be gravel heaven) and cx and gravel bikes are best suited for our dispensary program to work as commuters, but we also need mountain bikes (as that’s the most popular form of riding here and what all the kids want to do) so we’re super keen to share this place with the global mtb community. So far we have found influencers to be a lot like pro’s and former pro’s who come here to ride and make videos, in that they expect to receive a lot of free stuff (including flights) which is deffo not possible on our current budget.. but we will keep improving hopefully in the next couple of years growing too!
  • 3 1
 @Duderz7: you absolute legend! Cheers mate
  • 2 0
 @fiftyshadesofbacon: Ha, yea... "influencers". But there are some out there who seem, at least, like cool people that aren't just looking to be treated like an actual celebrity. Another suggestion: Outsider MTB on YouTube. Tony seems genuine too. That level of content creator has a better chance of not having a big head and big expectations. Anyway, go forth and prosper!
  • 5 0
 @fiftyshadesofbacon: I would say in terms of how you describe whistler, your referring to a fraction of the trails available to ride there. While they are likely the most popular, they only make up maybe 15% of their trail network. With garbanzo zone and creekside, including a fair amount of fitzsimmons trail network, there are plenty of trails that suite what you describe. Keep in mind, that whistler offers trails that you won't find in most places. Add in the secret trail network that whistler is home to, I would argue that the riding available is about as diverse as it gets.
In that regard, most of the park is designed around a DH bike, and wouldn't really fall under "traditional mountain biking".
The coastal mountains in BC vary quite significantly not only in style of trails, but grade, difficulty, and more significantly terrain itself. The roots, rocks, and dirt can change significantly by move one mountain over.
It's likely why its arguably considered the mecca of the world.
That aside, I think what your offering is a great opportunity for people to become more worldly, and is definitely something I think people should really consider.
As I stated, color me intrigued.
  • 2 1
 @Chuckolicious: I’ll be sure to look him up!! Cheers
  • 2 0
 Does a Klein Adroit work to cut the deal?
  • 4 1
 Cheers! @jomacba. Indeed, I’d agree. It’s the whole “park” side of things I’m not into, and sure there is hella diversity in a town like Whistler (and, infrastructure which we simply don’t have here) too. I guess I’m just over the whole mtb world fawning over one place like it’s everything in the whole world when I can tell you, places like Bolivia, Argentina, Chile and Peru for example offer mind blowing trails, spectacular scenery and are generally very peaceful. Morocco (holy shit) or Colombia too.. there are soooooo many amazing places to ride but all you see on bike media and YouTube is Whistler and New Zeland which does irk me somewhat!! And like BC, we have some epic microbreweries around here too :-)
  • 2 1
 @MorettyBtt if it is mechanically sound and a dh, enduro (long travel), gravel or older cx bike then it’s perfect!
  • 2 1
 @MorettyBtt: I should also mention, it should obviously be a bike you will want to use here for your holiday.. there are rentals available in the area but they tend to be pretty expensive (tour agencies) and we don’t, as yet, have any rental bikes
  • 2 0
 @fiftyshadesofbacon: I love seeing stuff about non-BC destinations. Like all the Oaxaca love we've been seeing lately. This project has me stoked.
  • 1 0
 @jomacba: color? Pretty sure you meant colour. Wink
  • 2 5

Sustainable vacation by flying around the world to Peru? Doesn’t add up. I get what you’re doing but please ease off the sustainability trip. The only half sustainable thing is you reusing old equipment.
  • 1 0
 @Chuckolicious: This is very good advice. I’m no huge fan of IG or TikTok, but it’s the way the world gets seen these days!
  • 1 0
 @rrolly: Aluminium...
  • 1 0
 @rrolly: Aluminium...
  • 4 0
 @fiftyshadesofbacon: I might be able to help you. I run a bike touring business in Hawaii and am in the process of updating and reworking my fleet inventory. So, contact me directly and we can talk more.
  • 6 1
 @Brklss: well aware of the environmental costs of long haul flights. To be clear, we mean two things by advocating sustainability.. firstly, having lived in this area for more than a decade we know better than most how the local tourism industry works (sorry-mctourism): everyone who comes to South America inevitably wants to see Machu Picchu. This is one of the most heavily touristed regions on earth. And mostly, it’s a flight into Cusco from Lima, a day or two in Cusco, a car trip to the sacred valley for (normally less than a day), a train to Machu Picchu, and a late car ride back to Cusco and the airport. This all normally takes less than a week and the average time a tourist spends here is about 4 days, which isn’t much if you consider a long haul flight and another short one to get to Cusco (not to mention all the car shuttling). So rather than charge thousands of dollars for this short experience, we recon it’s a little better to offer visitors more time here to at least get more out of the emissions costs of their bucket list item (and to be sure, there is SOOO much more to see and do here than just Machu Picchu).
Secondly, unlike 100% of local bike tour operators, we actually ride out bikes. Up and down. All local operators shuttle their tourists in cars to ride (and in some cases the distances warrant that) but mostly not. As an example, “maxima Urquillos” (look it up on trailforks) is one of the more popular epic descents in our back yard. It’s about 14km of descending from 4400 meters down to 2800. They ALL shuttle up but because of the roads and mountains, the shuttle has to travel in excess of 120km for a 14km descent (that includes pickup) which is hardly sustainable. Feel free to check my strava (fifty_shades_of_bicycle it’s not set to private) we often climb the 2200 meters in 48km to get to the trailhead on long travel enduro bikes (no carbon, no lockout, no clipless pedals, NO EBIKES) so that our leisure activities are not responsible for polluting more. We want our visitors to be of the same mindset but also understand if they’d rather pay for a shuttle. In our “backyard” there are at least 16-20 trails that can be pedaled to, but not a single one of them does this...we do.
Likewise we use a haggerd new gravel bike to get as much of our food and supplies as possible from the main market in the town over. Every other agency in the area will send a car or a mototaxi for this but we feel every little contribution makes a difference and we’d rather be on a bicycle anyway.

Obviously international air travel has large scale environmental costs, we’re not denying this. The difference is we take sustainability seriously and are willing to actually do a small something about it, unlike most tourism here which just uses the word “sustainability” to justify higher prices for tourists with no real difference in how they operate. And we know this because we have worked for many of these companies and regularly ride with the guides and owners of such agencies. We can’t take away the emissions costs of a long haul flight, but if you were taking a holiday to a place like this, do you think it’s better to do so for a week and a redeye to Machu Picchu or is it more value for the cost to stay for 3 months and get real value for money and an unforgettable, really authentic experience as opposed to seeing a truly magical place from the window of a car? You decide.
  • 1 28
flag scott-townes (Nov 24, 2021 at 13:10) (Below Threshold)
 @fiftyshadesofbacon: OH MY GOD YOU JUST WASTED SOOOOOO MUCH TIME WRITING THIS POST! HAHAHAHA Dang dude, this will be forgotten about in a few days. Nice job, you accomplished so much!
  • 1 1
 Do you have wifi?
  • 2 0
 What if we like our 27.5 bike?
  • 2 1
 @me2menow: we do in our cafe in town, and can provide mobile wifi at the cabin but it’s pretty off grid, and the mobile reception is spotty at best (dependent on which mobile provider you are with).
  • 2 1
 @alxrmrs: I like my 27,5’ bike too! We accept 29’ers too!
  • 18 1
 Maybe one day, @scott-townes you will own a business or run a charity or whatever and then you will understand how important it can be to reply promptly and clearly to posts and comments, until then, we wish you luck with puberty.
  • 3 0
 @fiftyshadesofbacon: loving the concept of this and trying to get it out there.

Personally, I think you now need to message the @pinkbike: team (@mikelevey: @brianparks: etc) to actually get an article written about your charity concept.

That way, like previously mentioned; you won’t get lost in the Ether of PB comments for today.

I would love to see more content of what you’ve started over there. Videos, imagery and maybe event a mini vlog to get the interest really set in.
  • 2 0
 Also, probably the coolest thread hijack of 2021 so far.
  • 7 0
 "until then, we wish you luck with puberty"

  • 1 1
 @2-1RacingUK: thanks for the comment, and normally we’d welcome the idea but there are some problems with such an approach. Firstly, we are a small, grassroots organization who only started operating this year and we just don’t have the capacity to deal with all the requests that would result from a feature on pinkbike (as much as we or any serious mtb’er would love to be featured in pinkbike)... trust me, we’d die!! :-)
Also, we have a strategic plan for our programs and rollout of bikes. We’d love to just be able to put up notices in all the towns of the valley telling locals they can get a free bicycle for whatever they need (racing, commuting etc) but if we did this we’d have about 10 thousand people queuing outside our door the following morning, which with a staff of two who have to run both the ngo and the income generating bicycle cafe is just not realistic or possible- and we just don’t have that many bicycles (actually, at the moment we don’t have any!)
So our plan is to use our cabin to host small groups of cyclists and gradually, over the next couple of years build up an inventory of bicycles to dispense. Likewise, having worked in a number of development NGO’s here and back home in Africa I’m well aware that just giving people bicycles isn’t enough. You need to provide training, education and offer support. So our dispensary of bicycles will function with an academy which we hope to launch in a couple of years. Basically, we will start in local schools offering cycling as an extracurricular program after school to any kids who are interested starting from kindergarten. We’ll also offer this after hours to parents to encourage families to get involved (there are a lot of schools in the area, so we will only be able to offer it to some of the schools nearby that we have relationships with already, but we have earmarked the expansion route of schools along the whole valley already!) youngsters and parents in the academy will have to take classes in skills, bicycle maintainence, safety, nutrition (we aim to provide a comprehensive bicycle education program) and once the program is completed they get a free bicycle. We’ll also start our youngsters racing on the local scene at around 16 years of age which should give time to build up an inventory of bikes for that purpose. We’ve also considered the difficulties of expansion, as this program will need a steady stream of mechanics, guides and skills coaches to come here and volunteer with us so we have already made arrangements with our legal team to get volunteer visas for them for longer stays but this also means we will, by that time need more income from our other projects to feed and house volunteers (I’ve been involved with volunteer programs a long time and can confirm most are actually pretty exploitative, charging money and seriously skimping on what they give volunteers). We don’t want to be like that and therefore will not charge anyone who wants to volunteer for anything. Moreover, as we do now with the volunteers who come to help us in the cafe, we prefer to give them as much as we can so as noted, accommodation is free, two meals a day are free and plenty of free time, weekends and holidays provided.
I guess the point of this essay (sorry) is that good development work takes time, building good relationships and patience and we understand our project (considering the prohibitive barriers to entry cycling naturally comes with being an expensive hobby) will likewise take some time to get to where we want to be (unless someone huuuuuge like Trek or Giant suddenly decide to offer us their full support- but that is not realistic- which is why we started an income generating business because we realized early on that unless we do that, our likelihood of survival wasn’t going to be that good). Maybe one day Pinkbike can come ride with us and be amazed by this place but everything in its own time. For now, we just want folks like you to come out and shred or grind miles with us!
  • 1 1
 @2-1RacingUK: I’d also love to have more content to give! Problems there too. Videographers and photographers cost money, need to be transported to locations over multiple days and I have tried to make some content myself but I’m a terrible photographer and my drone is a static, expensive tripod that takes bad still frames while I think I’m killing it
Have a mate who lives here who did a lot of amazing documentaries in another life, but we can’t ask him to do things for free.. he’s a professional and the advice and ideas he has given me free of charge is way more than I could have asked for anyway! (Thanks George, you’re the shit!)
But yeah, I have soooooo many great ideas for a killer YouTube page.. just not the skills or means..
Like i said, everything will happen when it’s supposed to!
  • 2 1
 @2-1RacingUK. Thanks. To be honest, I thought of posting something on the forum but figured any way I put it we’d be contravening the rules, so thread hijack it is!
  • 1 0
 @Brklss: you gonna walk there? Sail? Hot air balloon?
  • 1 0
 @fiftyshadesofbacon: fully get it buddy and I doth my hat to you. Strategic long game is key to the success of the project and like many, I’ve followed the insanely long Insta handle and will keep a close eye on it all.

Quick insta snaps and videos are all people will initially want to see. Focus on the little details of what the accom location looks like and the views from the windows, trailhead snaps, a few more POV runs of parts of the tracks around the area.

Get the ground truth on the locals documented as well. Show people why you want to do it. I’m a dad of two and the team riders are also parents so, seeing what you’re planning to do for future generations will instantly hit home with our demographic.

Humanise the concept and the environment.

As I said, love the whole idea and will keep an eye on it all. Give it a year or two and I’ll spend the kids inheritance to get over and visit. Hahaha.
  • 1 0
 @jeremiahwas: well I don’t need to walk, hot air balloon nor sail here as I currently live here and don’t need to an airplane for anything. Likewise, if I want to hop over the border and go ride with my friends in Bolivia there is a train. I’ll not engage too much with someone who is clearly trolling, but maybe scroll up and seem my response to @Brklss. No one can single handedly resolve the climate crisis, and I sure as hell can’t reform the airline industry on my own.. but we can all do little things on a daily, weekly, monthly and yearly basis that make contributions.
People are going to travel, that is inevitable. And people who travel to this part of the world are inevitably coming this way. We’re just doing what we can (which is a hella lot more than most others) to make that as much of a sustainable experience within the current model of how people travel. You seem to view this as some kind of zero sum problem.. like it’s either this or that. It’s not. It’s complicated and in a complicated world it is hard to do anything that makes even the smallest difference. Thank you for your trolling.
  • 1 0
 @jeremiahwas: also, you can ride your bicycle to here (many people do)
They are called bicycle backpackers or bike packers and many of them have helped us define and refine our concepts here.
  • 1 0
 @2-1RacingUK: some really excellent advice there! Thanks!
Hopefully our scheme will save you enough money that you only have to dip into the kids college fund and the inheritance can stay put
  • 49 0
 That's the most normal looking Cannondale yet
  • 2 0
 Pretty hilarious to see the most radical thing is thirty years old compared to everyone else’s brand new stuff
  • 29 2
 It doesn't surprise me.
Bikes have become ludicrously expensive and supplied with worse components as time goes on, newer less experienced buyers will fizzle out leaving people more interested and knowledgeable about cycling.

The new trek top fuel as an example. Is a bike that's close to £5000. It comes with un branded shimano brakes, while I have heard these are fantastic. If I'm paying 5k for a bike I'm expecting XT at least!

I've got a bike up for sale, and part of me wants to keep it as I know that buying a new bike will put me back at square one with regards to buying upgrades for the bike I get again, possibly the same parts too.

I'd be hard pushed to buy a new bike at the minute.
  • 13 0
I have ordered mine last January. By the time it came, the price on the web site was around 300€ more expensive. Now, less than a year later, the same bike is more than 500€ more expensive.
And this was a relatively cheap bike.

Cycling was never a cheap sport, but now it's becoming ridiculously expensive.
  • 5 11
flag v7fmp (Nov 24, 2021 at 3:51) (Below Threshold)
 whilst i fully agree, is part of your argument flawed by 'bike snobbery'? If the unbranded shimano brakes are 'fantastic', why are you disappointed they dont say XT on them? If they work well and do the job, why is it an issue?

Dont get me wrong, i suffer myself. I priced up a Trek Slash via the custom paint program, and there was no way i would pay 7k for a bike with a GX drivetrain.... despite the fact GX is a solid performer.

My current bike is a Norco Optic. I bought the C2 build, which was mid range at the time, but there are only one or two original parts on it. Over time i have upgraded or changed parts. Maybe thats how more of us need to buy? Get a lower end model, which will do all you want it to, then upgrade to the bling parts when things wear out or you fancy a change?
  • 5 0
 @v7fmp: i think you feel short changed knowing that you are parting with so much money and they have cut corners on your brakes.

I look at the spec of my capra base 2017 model and it was phenomenal for the £2100 i paid in total. it had gx 11 speed (eagle didnt exist), guide r brakes, lyriks rct3, monarch plus (supers didnt exist yet), dt swiss wheels, raceface finishing kit. Not many bikes come anywhere near that spec and price these days. A bird bike a la carte comes in at 2700 which is closish. Now for £2500 you get level brakes, unbranded wheels, nx or worse sx.

Now i buy the low end model and upgrade the parts i want with what i want. Its defo a better way to buy.
  • 2 0
 It's disgusting. Keep the Deore / NX / SX stuff on the budget alloy models. If a bike has a $4k+ price tag it needs to be at least full GX / Deore XT.

The Deore build of the new Ibis Ripley is $5,100.

What the absolute F
  • 2 0
 The Deore build of the Vitus Escarpe is US$2700 and the XT/Factory build is US$4300. Other DTC brands are available. Vote with your wallet!
  • 1 0
 @boozed: Funny fact.. When I was buying a new bike last January, it was or Meta or Vitus Sommet. Vitus was unobtainable, so Meta it is. However, at the time I clicked at that stock alert button. 2 days ago I've got an email. Sommet is on stock..
  • 27 1
 A lul in belgium is a dick...
  • 9 0
 says a lot really
  • 6 1
 And in The Netherlands, a boom is a tree. Just sayin'. Trees don't grow in winter.
  • 24 7
 I thought everyone in Belgium was a dick...
  • 3 0
 @RidleyRijder: @Scout290: Absolutely passionning.
  • 5 16
flag vhdh666 (Nov 24, 2021 at 4:19) (Below Threshold)
 @OlavA: not funny
  • 22 5
 @vhdh666: Don't even get me started on Switzerland...
  • 3 3
 @OlavA: are they a bunch of luls also?
  • 18 1
 There's only two things I hate in this world: People who are intolerant of other people's cultures and the Dutch
  • 1 0
 @PHX77: Yeah me too!
  • 1 0
 @PHX77: Everyone loves Belgians though, except the Dutch and Congolese (but that's another kettle of fish).
  • 1 3
 @OlavA: That is correct.
  • 2 3
 @vhdh666: you’re not funny
  • 1 0
 @OlavA: that cabal in brussels are
  • 2 0
 @ROOTminus1: We can agree that everyone loves their beer, even the Dutch.
  • 2 0
 @memento-mori: probably, but seriously: who love the Dutch?
  • 1 0
 @danstonQ: You realize you're from France right?
  • 2 0
 @memento-mori: Ha ha, I was expecting this one. So predictable.
  • 2 0
 @danstonQ: Makes you wonder why it's so predictable right? Big Grin Just kidding mate, France is lovely.
  • 1 0
 @memento-mori: french bashing is almost an olympic sport nowadays, that's why I change a bit with the Dutch.
PS: France is lovely... if you say so, but Italy is sexier from my point of view. It's often a matter of POV actually Wink Salute!!!
  • 2 0
 @danstonQ: France is a lovely country, but according to the old jokes, it's wasted on the French.
Personally I disagree, I think it's only Parisiennes who don't deserve the rest of the country. But then I live in SW England, I feel more affinity for Bretagne than either of our capital cities.
  • 2 0
 @danstonQ: I’m actually Dutch but I moved to Italy some years ago haha.

Italy is lovely though, really enjoy it.
  • 1 0
 @memento-mori: AAAAhhhhhh I knew you were kind of Dutch somewhere, my instinct rarely betrays me.
Dutch are people I like to play with 'cos here in France they often gather in campings amongst themselves talking to no one or they buy country houses that they refurbish with crafters and materials that they exclusively import from the NL... which is not very appreciated from our side, you'd admit. The Dutch are stingy, that's not a legend for anyone, but it's related to your history, how you became wealthy thanks to your talent for trading, etc... We all have our upsides and downsides, don't we?
Proost then!!! Wink
  • 1 0
 @ROOTminus1: Hello. I both do and don't agree about Parisians as Parisians are a mixed population coming from everywhere in France/Europe/World. It's like comparing London or New York to the rest of the UK/USA: is it representative of the country itself?: Yes and NO actually. The atmospheres and rythms are just more intense and stressful, but individually you'll find bunches of very kind and "human" persons amongst that mess... anyway...
Of course, as a British, in Bretagne you'll find some acquaintances, and it's normal: Isn't UK called the Grande-Bretagne on our side?... celtic origins, musics, cultures, bla bla, why not. It makes sense somehow...
I'm from Limousin, middle of France, and I can tell you that the Brits are really happy here. So many of them settled here for.... I don't know, decades (I'm 47, and when I was a boy they were already here, god damned!), and we/they appreciate the fact of being here. Since Brexit they're pretty much in a deep shit actually, but they'll stay here, and that's OK for us. You know what? It's only my POV, but the French and British are pretty "similar" in fact, that's what I noticed on my side. But I might be an idealist Smile Cheers Bro!
  • 1 0
 @memento-mori: @ROOTminus1:
Nothing to do with MTB, but Xmas present before Xmas. Santé Camarades!
  • 1 0
 @danstonQ: I get it, there's nothing like non-anglophonic metal songs to get you in the riding groove. Personally I've been getting into a German Deathcore band with a sarcastic commentary on personal electric vehicles, focused on scooters, but it stands for e-bikes too.
  • 19 1
 "Through sheer perseverance Fox's global team has delivered a fifth consecutive record revenue quarter" - lol, through sheer luck more like.
  • 4 2
 How is achieving increased capacity ‘luck’- you are misinterpreting the statement.
  • 12 1
 What a BS corporate statement, right? The sheer perseverance of staying alive through a pandemic and having the courage to jack up the prices !
  • 5 3
 @pierre22: Price increases are almost mostly due to increased costs too, profit is coming from uptick in sales not profit margin.
  • 4 4
 Their revenue has increased because demand has increased because of the pandemic. It’s got nothing to do with the performance of their team.
  • 3 1
 @Paco77: Of course that’s true, nobody is saying otherwise - you have completely misunderstood what they mean.

Can you understand how in order to meet huge demand a business needs to take action, or in their own words show ‘sheer perseverance’?

Do nothing and you can’t take order so can’t take advantage of the increase demand - get it?
  • 3 2
 Yeah, I get it. They had to do their jobs rather than do nothing in order to capitalise on the huge volume of orders that fell into their laps. Pats on the back all round!
  • 2 3

Fantastic contradiction - So first you write:

'It’s got nothing to do with the performance of their team'

Then follow up with:

'They had to do their jobs rather than do nothing in order to capitalise on the huge volume of orders that fell into their laps. Pats on the back all round!'

Which one is it? - Nothing to do with the team or the team doing their job to capitalise on order volume?

Seems you finally get your misunderstanding at least.
  • 2 2
 All I'm saying is they just did their jobs. My point is it hardly warrants the fanfare given by their PR statement. Whatever though - if you think the congratulations are warranted then fine, good for you.
  • 4 0
 Working in manufacturing the last 1.5 years has been hellish. Props to anyone who met production goals.
  • 3 0
 @bertimusmaximus: I wonder who they are thanking. The people making the stuff in the factory or the person sending an email asking them to make things a bit more and faster
  • 2 2
 @Paco77: I don’t think ‘congratulations’ are warranted, I think it’s important to have a basic understanding of what is being written.
  • 2 0
 @Paco77 - it's a corporate press release, so a bit of rah rah BS is to be expected. But given how hard hit the whole industry has been with supply chain issues and factory shut downs and transportation bottlenecks, pushing more product and increasing revenue despite those adverse factors to take advantage of the increased demand is not taken for granted.
  • 13 0
 Well obviously. Everyone did stuff they wouldn't normally bother with during lockdown because there was nothing else to do. The majority of people who bought a bike during lockdown will either keep it forever or sell it in the next 12 months or so when it starts to take up space and aren't likely to replace it. The surge in demand made bikes more expensive and that's going to make it tricky for shops to sell stock going forward, particularly as the enthusiast market will probably just wait it out.
  • 5 5
 The surge in demand didn’t make bikes more expensive, the fallout from Covid did - increased material cost, shipping, inflation, shortened factory hrs, closures due to lockdown.

The initial lockdown was also well over a year and a half ago now - the last one will be a year ago in the UK at least soon.
  • 5 1
 @justanotherusername: The surge in demand for bikes was a product of Covid restrictions but I'm not at all convinced that the increase in prices is purely because of Covid. The fact everyone was directing their money towards 'things' rather than hospitality and experiences meant that manufacturing and shipping was under much greater pressure than usual. Moving out of lockdown, the continued appetite for construction means prices are still high (and still rising). Ships are still full so they can charge more per container. That isn't because of Covid; it's just that people are buying more stuff than they used to.
  • 4 1
 @lacuna: I think we are on exactly the same page - what I think some suggest is that price rises are all opportunism and not mainly market factors.

But ultimately all of this is due to Covid in one way or another or it would be almost the same now as 2019 pre Covid, nothing else has changed.
  • 1 0
 I wonder if the price hikes were further upstream based on demand. Maybe another industry was willing to pay more for raw materials such as aluminum (maybe motorhomes/trailers/boats), so prices went up in bikeworld. I did read at one point, the price of titanium reduced due to covid, as airplane production dropped, which may have benefited other users of titanium. But also price gouging.
  • 2 0
 @bmx-background: Our aluminium is currently over 100% more expensive than a year or so ago just for an idea of how much prices have risen.

So a £15.00 bar is now £32.00 - hopefully this comes down in the near future.

Other industries don’t really have to offer to pay more, it’s costing more to manufacture aluminium so we need to pay more, getting hold of it for us at least is a non-issue albeit with lengthened lead times (nothing too excessive though)
  • 4 3
 I'm a bit skeptical on all this bullshit of demand and supply. Sure COVID played some role last year at the peak of the pandemic, but news and social media played a huge part in causing panic and making a disaster bigger than it really is. For businesses that make millions and billions, they're still making that and even more. It's like a cha-ching moment where they know it's probably THE only chance they can make a huge profit. There's an old proverb which goes, "for any disaster that arises, there is always an opportunity". Crooks do that every chance they get. Well to no surprise, the first thing that happened during the pandemic was dumb people hording toilet paper. So, what happened? Tissue products went up by as much as 30%, not because of short supply or limited shipment available. It's because of news frenzy showing the stupid nature of human being hording and panicking for no goddam good reason. News and social media fueled more stupidity and this is what happens. News media says that delivery of good is delayed and everyone believes that one or two shipwrecks or low production due to factory shutdown in one or two places is to blame. Yet, there are hundreds of thousands of goods inside shipping containers waiting at every port waiting to be shipped to their destinations. There's now reports of port agents withholding these containers because there are millions and billions of dollars to be made. Transportation of goods is readily available but the goods just remain at the ports. This is why the just-in-time stock are limited and products are flying off the shelves. Yet, if you take time to look around, there may be tons of stock on the things you want somewhere else. However, the prices are jacked up maybe 100X because some are just taking the opportunity to make as much money that they can on what seems to be a global crisis. If they can't make money from you, there are millions of opportunities to feed from.
  • 1 0
 @CSharp: Fact V Fiction, Feeling V Reality, Tin foil v beanie….
  • 2 0
 @lacuna - I see your point, but I'd love to see the data on this. Anecdotally, in my little corner of the world (Pacific Northwest of the US), there are more people mountain biking (and continuing to do so now that other things people used to do are available again, like gyms and yoga and what not), there are more people bike commuting and running errands on bikes (mostly on e-bikes, it's hilly here), and there are more people riding (mostly e-bikes, again, it's hilly around here) for pleasure on the bike paths and such. Bike racks in town, at parks, at stores, at breweries and restaurants are all fuller than they used to be. Trail heads are busier (our trail systems are huge, fortunately, so it's not like there's a traffic jam on singletrack - love that about this sport).

I'm sure you're right that a lot of people who impulse bought bikes aren't going to stick with it. The same has always been true of most sports. But at least around here I'm noticing that people who never thought of themselves as bikers (for transportation, recreation, and of course for mountain biking) discovered that there was something they really enjoyed about it. Of course, it could be that our little town is one of the places that's seen a lot of people move here in the last few years (something that started before the pandemic, and hasn't slowed down), and mountain biking as well as our bike-able everyday environment has always been one of the draws for that. Hence my curiosity on whether that bears out in data across the US in general, and in other countries and regions.
  • 1 0
 @g-42: I expect there will be people who bought a bike because there was nothing else to do and then subsequently found they enjoyed the sport or found it to be an acceptable alternative to a car. That will depend a lot on locality though. The resolve of even the most hardened cyclist is tested by the UK winter
  • 2 0
 @justanotherusername: Someone's gonna get rich making a tinfoil helmet! Airfoil - you heard here first!
  • 12 0
 Two things:
1) The pendulum has to swing the other direction a bit before stability; meaning crazy record profits will lead to some losses before settling on the "new normal" (somewhere in the middle). As a middle of the bell curve consumer (not starving #vanlife nor a overweight #dentist), I'm looking forward mostly to getting back to a consistent supply chain. It's grossly apparent I took being able to get what I wanted when I wanted it for granted.

2) Venture Capitol & Corporations... if you're a shareholder, put those earnings & portfolio's aside for a minute. I see these CEO statements above about huge profits and start to cringe. Not because I think making money is wrong, but because I've been tied to four or five different VC groups in my professional career and they've all sucked. Record profits are never good enough; continue to work your workers into the ground is what I've seen over and over. Does or has anyone ever worked for a "good one"? I read stories (rare, but they're out there) from people who work for great corporations. I never have and wonder if it's BS. I would love to experience that if true. I'm coming to the realization that borderline evil is profiting from my knowledge and I'm not cool with that. Unfortunately, I'll swallow the pill that keeps me in the Matrix as I have responsibilities (people I love) that rely on my income, but damn son... there's got to be a better way.
  • 13 2
 This is the beginning of the end. Bike companies are yet to fully realise bikes as a service - BAAS - and so a single low monthly payment bundled with your strava and spotify you can work all week to be able to afford to rent fun at the weekend!
  • 1 0
 Oh no
  • 11 0
 Fire sales coming. They all over indexed on production for a short spike in demand. Just keep holding on to your shit for 6-12 more months. They will be begging you buy it this time next year.
  • 1 0
 I think we'll also see an increase in used bikes on the marketplace, which will further impact sales of new "entry level" bikes like those that have been moving so much the last few months. Either riders will have quit and want to make some money back or they'll want to upgrade to something else, dumping their old bike on the market and flooding the market with used bikes. The former being more dramatic if other aspects of the economy start to decline.

Pinkbike is in a decent place to observe this, it'd be interesting to see if they can monitor metrics over the coming months or year to see if there is an increase in used sales and what segment of the industry they are in.
  • 17 4
 The lull is temporary, just wait until the Grim Donut gets released...
  • 9 1
 Inflation is going to wipe out demand for non essential goods like new bikes. Entry level bikes that were $500 two years ago are now approaching $750.
  • 5 4
 Not according to the average household income of riders as surveyed by PB and Vital - they will continue to have enough spare money that a few % on the cost of daily life is irrelevant.
  • 2 1
 How are bikes non essential? People need to travel to work, shop, school etc. And as seen from the start of the pandemic onwards, more people have moved from their cars and public transport to using bikes instead, so there are just more people needing bikes now. Agreed stuff from a brand like Fox is largely found on recreational bicycles but I'm pretty sure most of the bike stuff Shimano makes is being used on commuter bikes. This includes the new Deore groupset and I can imagine the LinkGlide stuff in particular. Yes indeed mountainbiking gear like drivetrains and hydraulic brakes has to be shared with the commuter bikes and the bikes with pedal assist in particular.
  • 6 2
 @vinay: Perfomance bikes are almost entirely a luxury good and non essential.

A hybrid for £300-£500 (or less) is all that’s needed to commute - any more than that is irrelevant if it’s for transport only.
  • 1 2
 @vinay: unless I misunderstand you and you are saying the increased demand on lower end kit has knocked on into the performance side of things? - that I can see.
  • 1 0
 @justanotherusername: My heavy commuter with Shimano Nexus 7sp geared hub, hub dynamo, steel frame in custom color, front and rear rack, basket, Schwalbe Marathon tires etc was 1300 euro. The "opa" model from Azor in their "Hufterproof" spec. I then put Catalyst pedals and a stronger front roller brake on it so let's say it is 1500 euro. If people want a faster lighter commuter they get a bike with Shimano Alfine 8sp hub, belt drive, hydraulic brakes (rim or disc). I think these go for well over 2000 euro. People who also want to use that bike on holiday trips may invest a bit more. And that's all unassisted. As mentioned in the article, more and more people resort to bikes with pedal assist for their commutes, which easily adds over 1000 euro to the price. Also because as these bikes typically are heavier, many of these get front suspension (though you also see that on unassisted aluminium commuters). Drivetrain matters too. Especially on bikes with pedal assist (where weight is less of an issue) brands spec the expensive Nuvinci hub. See, these bikes can easily exceed what you may be willing to pay for you hobby mountainbike. Which makes sense as unless you're particularly lucky on a yearly basis you will find yourself riding more time and distance on your commutes, shopping etc than you get to ride on your mountainbike. But it are both these faster (unassisted) commuters and bikes with pedal assist which are getting the hydraulic brakes and if they're not getting internal hub gears, they're getting a mountainbike drivetrain.

I think a commuter of 300 to 500 GBP would either need constant attention and repairs, or it will die a swift death under my use.
  • 1 0
 @vinay: I don’t disagree with a lot of what you are saying there but…

I will absolutely guarantee that in the UK a lot of people commute on bikes that cost well under £500 - there are very different commutes and most will commute very short inner city distances.
  • 1 0
 @justanotherusername: Yeah, I'm from the Netherlands and the market may be different here. As a teen or student you get by and just ride whatever still wants to ride. But if you use it for your commute to work, bring your kids to school, load it up with heavy groceries to bring back home, you need something reliable. Excuses that your bike is broken aren't getting you anywhere. So most people who use a bike for a commute longer than a few km get something strong and reliable. If distances are longer, they want something faster too. I'm in between as the commute is about 11km. Mostly I use the heavy reliable beast but sometimes I just like to go faster and grab the lighter Koga (an Accell brand) with 8sp Nexus hub, hub dynamo and aluminium frame and just save a few minutes. it isn't much but sometimes it feels nice going faster.
  • 1 0
 @vinay: bikes in the US are non-essential. Maybe not in other places around the world
  • 7 0
 I think we would be fooling ourselves if we all thought there was going to be record sales continuously. Look at every industry and prices have been through the roof. Demand will fall fast at some point in the near future.
  • 10 0
 Maybe I'll be able to buy a chain this year. Sweet.
  • 9 0
 Please let the bubble burst. Please let the bubble burst. Please let the bubble burst.
  • 5 0
 I've only met 2 economist mountain bikers in person in my entire life that I know of. I guess they were all too busy posting on the Pink Bike forums. My degree is in psychology so y'all can let me know if you need a good cry over bike prices.
  • 3 0
 The bubble has already burst for consumer good, they just haven’t realized it yet. If there were widespread shortages, I wouldn’t be getting 10 emails a day with black friday specials at 20+% off. The emails would instead say, we have inventory, as a preferred customer you can buy 1 of x at full retail before the general public.
  • 2 0
 There is something basic and not said in this article. How a company can increase is number when the production is already at 100% with 600 days order time ?

This is basic logic but if your production is full, you can't sell more so your number will not grow. This is not the end of a bubble, it's just the production top limit.
  • 1 0
 increase prices, mate
  • 1 0
 Maybe they expanded their production capacity? They could have outsourced parts of the manufacturing, bought additional machines or leased other production facilities to name a few possibilities
  • 2 0
 Certainly at the start of all this, some of the increase was down to sale of floating inventory. Admittedly that is a one-off tactic for a boost in profit, as now the warehouse shelves remain empty as soon as stock gets made to satisfy allocated orders. To make up the rest of the increase manufacture capacity has been expanded, but coupled with the previously mentioned loss of stock buffers for both product and materials it does leave companies exposed for when the bubble eventually ends. How they manage these points will dictate if the end is a shrink or a full on collapse
  • 1 0
 New equipment, overtime, added suppliers. 101 mate.
  • 4 2
 I hope it does not come to this but bikes for transportation may be the best option here in the USA due to the puppet corpse we have for President and all the other “leaders”. Those in power are destroying children and the human race. They promote the the destruction of men, and females, one of their ways is having males destroy female sports, they seem to be to dumb to understand female sports means females and not males. The puppet masters shut down our pipe lines, destroy our borders. The puppet masters and Creepy Joe also updated the Afghanistan terrorist with the latest technology, gave rooms full of blocks of $100 bills, armed them with tanks, aircraft, wheeled vehicles, tons of weapons and ammunition, DESERTED our allies... They institutionalized hatred and racism, sexual dysphoria, increase ignorance, destroy our education system, promote rape , murder, looting, arson…
So just having food and a roof over your head could become desperate, let alone having a $15,000 bike.
I still greatly wish Good riding to all!
  • 3 0
 This is the most sense I've seen in the whole comments section. I'm afraid we've got problems that are going to make a lot of hobbies into fond memories. We have a big fertilizer shortage that is responsible for feeding just under 4 billion people, which will be where the problems really start to effect our daily lives. Things will get more expensive, and while those who are wealthier will handle it more comfortably, we do have a very real threat of famine coming. Not being hyperbolic, I just know a lot of people who own farms in the US, and their warnings aren't being heard.
  • 4 0
 Wait for it. 12 months time - Demand and sale have dropped so we have had to increase prices on bikes and parts.
  • 1 0
 "For the full fiscal year, Fox is expecting sales of $1,272 million to $1,292 million."

Am I understanding this right? $1,272 million is 1.272 BILLION dollars? Have a hard time believing that.
  • 2 0
 This is good. Also, people can't buy bikes that don't exist because of manufacturing and supply chain issues.
  • 1 0
 Of course MIPS sales is up 81% year over year. They’re not putting all their eggs in one cycling basket. Diversify your business.
  • 2 0
 PB feels like it’s turning into a trade publication. Maybe thise articles will be locked behind the paywall
  • 6 8
 It’s really hard to care when there’s hundreds of millions of dollars in their bank account while I will never see a million dollars. Thanks to ever increasing cost of everything bike! Yes PB you’re going to cost more soon too….
  • 20 5
 You’ll never see a million dollars with that attitude.
  • 3 5
 @bryanbreynolds: doubt it’s the attitude when it costs so much to eat!
  • 9 0
 @Sleeperific: tell me about it! If prices keep going up, I might have to stop packing lobster rolls into my SWAT compartment.
  • 2 0
 @bryanbreynolds: 1 million isn't even that much anymore with inflation
  • 1 0
 @Dogl0rd: especially in Canada.
  • 1 0
 @Sleeperific: but what about the short reach and slack seat angle? I mean who am I, Jack Moir?
  • 4 2
 It's only a lull because everyone is saving their loonies for Grim Donuts.
  • 1 1
 I hope this inspires Giant to start making components. With their manufacturing experience they could produce solid components and probably undercut the big guys on price.
  • 1 0
 Good. Maybe bike prices will be forced to fall back to reasonable levels again.
  • 2 1
 sounds like the perfect reason to justify price increases next year
  • 5 5
 Yea course, ignore inflation rising at a rapid rate, material costs, shipping, labour etc etc - it’s that shady bike company boss cabal that meet up on a secret island to agree on how to do over customers.
  • 2 1
 What a shitfuck clickbait article. CNN wants their copy.
  • 6 6
  • 5 0
 But what if your old bike only has a 65 degree head tube?
  • 2 0
 @bryanbreynolds: new angle adujst headset, shock offset bushing...
  • 1 0
  • 1 0
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