The Bike Industry is in Crisis! See How YOU Can Benefit

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All the talk post-pandemic has been on the terrible state of the bike industry. Most of the opinions are coming from industry insiders, like dealers, distributors, manufacturers, and the bike brands themselves. I’m not an industry insider, so I’m in no position to assess whether the bike industry is collapsing like many are suggesting. But I am a consumer of bike products, so I can provide a perspective on how the latest turmoil in the bike industry is impacting most of us who are interested in bikes, which are everyday users and consumers of bike merchandise. This video is what I see happening in the bike industry as a consumer looking for a good deal on a new XC mountain bike.
00:00 Outtake
00:39 Intro
02:56 Searching for Sales
06:18 The Best Time to Buy a Bike
07:44 Current Model Year Bikes
Escape Collective Podcast: escapecollective.com/category...
GC Performance RU-vid Channel: February 2nd, 2024 episode, “Its the Beginning of 2024 and The Rumors are REALLY BAD for the Cycling Industry” • Its The Beginning of 2...
BikesbyMike RU-vid Channel: “Why You Shouldn’t Buy a Current Year Model Bike: Cannondale SuperSix EVO Test Case” • Why You Shouldn't Buy ...
BikesbyMike TouTube Channel: “Why I Don’t WANT Another Bike: N+1 or Not?” • Why I Don’t WANT Anoth...
Music Credits:
Bikes by Mike Intro Scene
“5 Cents Back” by Jason Shaw on AudionautiX: audionautix.com/
Free to use as per Creative Commons Attribution 4.0 International License: creativecommons.org/licenses/...
Music unaltered
Sound Effects Credits:
Bikes by Mike First Intro Glitch
“Audio Cable Connector Noise, Glitch 3” by zapsplat.com
Free to use when crediting creator
Fast Forward Effect on First Clip
“390145__cuddlenucks__glitchy-tape.wav” by CuddleNucks at freesound.org
Licensed under CC0 1.0 (creativecommons.org/publicdom...)
Unmodified/original version
Bikes by Mike Intro Theme Song for Bouncing Wheel
“Tennis Ball Hits the Ground 01” by Sound Effects +
Standard License, Finnolia Productions Inc. House and Office, Sound Effect SFX 41802465
Bikes by Mike Intro Theme Song for Rolling Wheel
“Fishing Reel Fast” by Sound Effects +
Standard License, Finnolia Productions Inc. House and Office, Sound Effect SFX 41498102

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Опубликовано:

23 июл 2024

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Комментарии : 14

@losthwy 3 месяца назад

Excellent video, no rambling, no sensationalism you just got right down to the point and with receipts! I showed your video to my brother and we agreed now is the time for me to get an e-bike as a disability has made me unable to pedal my regular road bike. So I am now the proud new owner of a Specialized Globe Haul ST which is my first ever ebike!

@bikesbymike 3 месяца назад

Good for you! The deals on e-bikes are definitely a once-in-a-lifetime opportunity. Thanks for watching.

@chevyyyyyyy 4 месяца назад

But a 35% reduction on a 35%+ overpriced bike is normal price.

@TenFalconsMusic 3 месяца назад

People are catching on that name brand manufacturers are just building bikes in Asia for $400, then selling them for $4,000. I often wonder what the 9yo kids in China will do for work once these bike companies start going out of business. Perhaps Apple or Tyson Foods will give them something to do.

@anthonyg-can 3 месяца назад

Great, sensible advice. I appreciate the pragmatic view. I have been "window" shopping for a specific bike, and this helped me think about it in the right way.

@bikesbymike 3 месяца назад

Glad to hear it!

@TenFalconsMusic 3 месяца назад

I'm in the middle of a bike built and had a look in Amazon for this & that. I was amazed that almost everything bike was discounted. Some up to 80%. Maybe it's a trick Amazon is using to push their Chinese made products, but some non-Chinese products were also reduced. Perhaps the entire industry is having to slash prices (from outrageous to somewhat reasonable). ❓

@bikesbymike 3 месяца назад

80% is massively discounted, even by today's standard. I assume that's for mid to lower end components which are most over-supplied.

@glenngoodwin3899 4 месяца назад

Once again Mike, you've provided a lot of good info in you're video Thanks

@bikesbymike 4 месяца назад

Thanks for commenting…and watching!

@stevec1788 4 месяца назад

Hi Mike, can I ask what industry you work in? I like your analysis and I’m hoping to get some ideas on what career I should pursue in life.

@bikesbymike 4 месяца назад

I’m now retired, but I spent most of my career in Corporate Real Estate. Basically, managing the real estate owned and leased by companies. But my education and career started off in land use planning. I also have a bit of land development experience. You spend a lot of time analyzing and writing/reviewing reports in both land use planning and commercial real estate. Especially those planners on the policy side of land use planning. I was in management roles for most of my career but had non-management analyst roles earlier on. I had to write and present a lot of reports to executed management and boards of directors. That taught me the importance of formulating a position well to win over decision makers. Hope this helps. Good luck finding that perfect career!

@PotatoGunCamper 3 дня назад

Supply is horrible. I can't find a single 58cm bike in my price range $1500. The only thing LBS have are XS and XXL bikes typically in the 5 figure range. Basically, the bikes that have low demand are left over in LBS. Perhaps I should just build a bike? Inventory has disappeared.

@bikesbymike 2 дня назад

Yeah, the situation has changed a lot in the last six months. Old inventory is reduced, companies are cutting production, and retailers are only ordering bikes they have already sold or know will sell. The days of excess inventory are gone as nobody wants to get burdened again. The fact that a major brand like Trek announced a major 40% cut in production, is a good indication of where the industry is headed.