Bike Prices are Out of Control!
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- čas přidán 28. 04. 2024
- Since when did $10,000 become affordable for a bike?
I don't see the value of bikes at this price point. Is this why bike companies are overstocked?
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You know it's out of control when you can buy a motorbike for the same price
I don't know they are going up in price too. I was looking at a Honda Rebel 500 in 2018 for $6kcdn. Today(2024) it's $9k. What changed? Just copying what everybody else is doing, gouge until people can't afford to buy it anymore.
If the consumer stops paying these prices, then prices will have to come down.
I don’t understand why bikes need to be so expensive especially when you can buy a brand new motorcycle with more technology for the same price and even cheaper.
Volume. And motorcycles are not handmade carbon fibre.
@@bjmastoncome on, even the aluminum bikes cost more than entry level motorcycles
@@bjmastonhandmade by who? random Asian at Asian Factory at $200 / month salary?
@@qwerty6789x Motorbikes are cheap space frames. Carbon fibre bicycle frames are laid-up in a time-consuming and artisanal process using expensive materials (carbon fibre!). Both are made in Asia. One process is more expensive. Not difficult to understand.
There is a reason why bike manufacturers are starting to go out of business. Not everybody is stupid enough to buy their overpriced bikes.
what losses? everything they sell are made from same factory in Asia at a lower cost of labor
Mate I complete respect you for this especially as you in the business. It takes clarity and balls to do what you have done here..👍👍👍👍👍💪💪💪💪
100% agree that the bike industry is out of control. I expect a painful correction here at some point. 😬
I think it's already starting. Trek getting rid of 40% of their line is a sign. If they continue to focus on the 1% of riders that can justify $10,000 bikes then they're going to make it worse for themselves.
Thank you Sir. That took courage to release onto CZcams, more so considering your a bike sales representative. Respect.
Going back to the 90s to early 2000s. The technological development combined with increased interest in cycling actually drove the cost down. Performance for price increased during that time. In more recent years, technological development was used to justify increased cost.
I can buy an E-bike for 1500.00 dollars or a Honda Navi for 1800.00 dollars... lol
The current prices are the reason I have gone back to steel and chosen a custom frame fabricator. They claim carbon is stronger than steel, well I beg to disagree. Look at the amount of carbon bikes that have been going to carbon repair shops. These businesses have been thriving and there is more of them. If I have to pay $6k to $10k for a bike with good components on it, it only makes sense to go with steel or titanium, something that can last. The weight difference is minimal in comparison to carbon offerings today. With carbon, one tumble could turn it into trash. Only pro level racers should be using the high end carbon bikes, nobody else. If I needed a car I wouldn't be in the market looking for F1 capable Indy racer, that just doesn't make sense, and neither does me wanting a pro level bicycle.
You compared the canyon aero frame to the standard race frame from giant. For apples to apples, you should compare the canyon ultimate.
Ultimate CF SL 8 Aero has ultegra di2 12 speed dt swiss carbon rims and is $7650 aud
The actual manufacturing cost to produce a ten thousand dollar bike is around 700 dollars meaning the profit margins are excessive.
First: the FRAME ALONE will cost circa $700 to manufacture. A bike is a lot more than just a frame. But this is moot because the profit margin is after ALL the expenses have been taken into account. Not just the manufacturing cost. Marketing. R&D. Product design. Testing. Taxes. Shipping at every level of the supply chain. Dealer margins. Operating overheads.
The Chinese owned brands are already eating their lunch, the same thing happened with camping and outdoors recently, all the big brands starting going under. The covid record selling bump is over and folks are tired of excessive margins. In this economy most of us are chasing value.
unfortunately those who have disposable money are still justifying this kind of pricing on the eyes of these companies
Your bang on...TCR Ultegra Di2 should be between $4500-5k as should be the Propel
after decades of racing I realized the point of diminishing return is around 3-4k usd, you can easily drop dudes riding a 12k bike on a hill with good training. I can guarantee, if Tadej is riding a 6k bike he can certainly beat everyone on a 15k bike in the pro-peloton.
i drop most riders with a caad12 rim of 2000 euros; it is stiffer and lighter by the way than most plastic bikes
The fact that unknown brands with almost the same technology and material cost only half the price from premium brands shows that current bike prices are probably 2 times of its' actual cost.
Something has to change in the way the Pro Teams are financing their business because bike manufacturers are forced to spend millions in sponsorship to those teams as part of the marketing budget.
Canyon may have removed the middleman (distributor) with their direct to consumer business model but they still have to pay MVDP and his team millions for the next ten years.
I spent 700 dollars on my first road bike in 2014. Fuji Roubaix aluminum frame carbon fork tiagra groupset. I still have it and have upgraded it to 105 and put carbon wheels on it. Its still solid, looks new and goes as fast as i can push the pedals.
Yesterday i bought a Trek Checkpoint SL5. Most money I have ever spent on a bike but its brilliant. A little heavier than my old Fuji due to wheels and tires, but got it for 2799 US brand new with warranty. I remember when 3k dollars would buy a really light weight high spec bike.... prices are insane.
I do plan to eventually get a road bike to replace my old Fuji but its hard to justify 5k dollars or more to buy a heavier bike. The madone SL6 from trek is a full 2 pounds heavier than my old aluminum Fuji. Yes its aero and carbon, but how did bikes get so much more expensive with the added weight?!?! Disc brakes and aero are nice, but does it warrant the ask.... i dont think so.
Recent started biking in the UK. Got a very modest £350 MB as just starting out, and not willing to drop 3-5k and above.
If you want to enjoy your ride, you can buy a top 10 year old bike, with manual gear, no disc break, carbon frame, a good pair of wheels and Dura Ace transmission for $2000. You'll have the same performance for 1/5 of the price. But if your aim is to make your little number, it's a different story.
No matter what you get , you still got to pump the pedals!!!!!
I totally agree Tim, I live in the second hand market. its full of perfectly good bikes, and most of the high end bikes for sale there are from guys think 12k will make them faster but forgot to actually train!
I dont see where the value is in something priced 10k and up, just ask any age grouper.
I bought a 2024 Honda Grom and added so many aftermarket parts it ended up costing a bit over $6000.00...in relation I just purchased a Canyon Ultimate CF SL 8 Moviestar ($6311.93 with tax) and I've added wahoo Element Roam V2 ($400.00) , a garminTacx NEO 3M ($2000.00) , a mat, a SRAM RED AVS XG 1290 12 speed cassette rainbow 10-33T ($300.00) etc...etc..... so basically my motorcycle is way cheaper than my bicycle. 😂😂😂😂
Last summer I built up a Madone SLR. The frame was new old stock, I only paid $1200 for it. I got 20% off SRAM Red AXS and $600 off a set of ENVE Foundation 65 wheels. The total costs still topped 10k. At these prices, don't have kids, lol
The cost of road bikes vs Mtn bikes is crazy, as in what you get…. For the same price they both have full carbon frames, the same level of components however the MTB has front shocks, rear shocks, dropper seat etc. I don’t understand how the price on roadies is so high
Most roadies are older than MTB riders thus having a higher income and bike manufactures are exploiting that like crazy.
30 odd years in the industry and I call absolute bullshit on the prices of a decent bike. Running shoes are better value for me now. I can't afford to ride now I'm retired. Onya Tim.
get something used! i spent $150 and probably another $100 to fix it up. lots of old road bikes sitting in garages that could use some love
Ultegra DI2 is not mid-to-high-end. It is the top end.
Alloy is good enough these days.
caad 12 -13
Maybe check out the value of decathlon bikes, it's way lower than the average prices for the same components
I ride 100% indoors because i can't afford a bike. Refurbished Wahoo Kickr £650 2nd hand bike to go on it with Shimano 105 £350 or a new road bike £4k minimum! crazy times...
Bikes are outrageously priced and I think the manufacturers are finally having to reap what they've sowed. Trek is getting rid of 40% of their line to try and minimize the impact on their bottom line, but if they keep focusing on the 1% of riders that can afford/justify spending five figures on a bike instead of catering to the larger segment of the industry (which includes their future customers), they'll just be digging their own grave.
You're right that even direct to consumer brands have been charging more, but that's a logical step for them when the legacy brands are charging so much for so little. Direct to consumer still offers more bike for less money even though their prices are inflated.
If the prices continue at this level bike companies are going to take an even bigger financial hit and we might not see as many of them around in another five or ten years. Bike shops are certainly going to have to change tack and focus on maintenance and repair more than bike sales if companies like Trek keep opening their own storefronts to try and maximize their profits.
Companies have negatively altered the industry from top to bottom because of their greed and willingness to gouge the customer, and it won't get better until they lower prices. Just a result of their selfish, money-motivated business decisions in my opinion.
i agree
I recently bought a Scott Foil 20 (2023/Sram Rival/Syncros Carbon 50 wheels) I live in Barcelona (retails €6100) abs ridiculous, however went to a Scott dealer here and they were offering it for (discount) €5500, I said I would offer €5000, they rejected it, I shopped around and saw one for €4500, I grabbed it.
I then contacted the shop that wouldn't offer it for me for €5000 and I said I bought it for €4500, there was silence.
Sometimes it's not the bike manufacturers who are greedy but the bike shops themselves.
Talk about cutting off your nose to spite your face.
In terms of juniors as well it’s hard to support race fees and have a competitive bike when the parents are the ones buying the bike and it’s the price of as mentioned a potential first car all with the high risk that it could get crashed within a day and be worth nothing
As long as there are enough consumers willing to pay the high price the price will continue to be costly. It's capitalism and how the free market works.
When people stop spending then the companies are forced to reduce their prices. It's either that or lower priced same build quality bikes start to eat away at their profit margins forcing them to lower their price.
Agreed Tim. It’s getting out of hand.
I bought a mechanical Cervelo soloist for $2800 USD. Don’t have to get ultegra di2 with carbon wheel bikes.
The new model is $3,400. That's still a lot of money for a mid spec bike.
It's complete madness if you ask me. However if you're prepared to go 105 it would bring it down a bit I would hope without really impacting the ride experience for mugs like me. Not that I'm in the market, it's not a discussion with my wife I want to have right now😂
Even 105 bikes start at about $2,000 US now, and that's for an aluminum frame. That's ridiculous..
I have a Giant Contend SL Disc I bought 5 years ago for Aus$2400 New. It's not Carbon, it's Aluminum, but if I wanted to drop some weight, I'd loose a few kg's. Best bike I've owned. I love how the Trek bikes look and feel, but the choice comes down to buy a Trek Bike, or place a decent deposit on a car/house. Which is absolutely insane...
How is ultegra 12 speed Di2 "mid to high end"? It's literally the second best groupset Shimano makes! Mid tier would be something like 105 12 speed mechanical, considering you have 105 electronic, ultegra and dura ace above that and 11 speed mechanicals below that. I have just bought a 2023 Gian TCR with carbon wheels and 12 speed 105 Di2 for 3.000 euro. Doesn't seem that crazy to me, tbh. It's like saying that cars are getting too expensive without considering that nowadays most cars come with technologies that were reserved for top end luxury cars just a couple of years ago (like safety sensors, rear view cameras and android /apple car)
Good content bud, thanks for posting
I mean... It's everything. Everything is expensive and kind of overpriced. It's the silent inflation, not the one that's going away, this one will last. But with that said: The enthusiast level of bikes has very much inflated in value, while the normal market seems to be doing at least OK. I am more in the market for bikes that cost around 3000 AUD (at least, that's what google says around 1800 Eur should be). Nothing fancy, just a good mid-range bike that works. And those are at least more affordable again, than they were over the last few years. I bought a Topstone 1 in 2021 for 2400 EUR and guess what, right now the new model is still 2400... BUT, but... Unlike in 2021 you can actually get good bikes, with the same specs for around 1600 to 1700 EUR.. My hope is that big manufacturers have to adjust the prices sooner or later, but... Honestly, still a lot of people probably prefer having a "Specialized" over a "Cube"... So... Who knows.
Yeah im looking to make an investment into a new bike and nesrly 3k for some of these carbon bikes with 105 di or mechanical ultegra group sets is pretty nuts in my book. Ill be buying a used bike for about 1200-1800.
The big brands are just charging more because they can.
If you look around you can find much better value for money.
Those bikes at 5 figures are stupid.
People think they make them faster which they might by a few seconds but they aren’t worth it.
A £2k bike can feel amazing.
A £200-£500 can feel amazing if you just want to get stuff done.
It’s more about what you do and where you go that gets the buzz rather than the bike.
you can get an excellent bike for under € 900, it weighs a few grams more and you shift with cables, but the only reason to spend more would be competitive sport with serious prizes.
At that price you're probably also getting Sora and rim brakes on an aluminum frame so it's not all its cracked up to be, especially if you're a new cyclist that's isn't sure they'll stick with it. Not much resale value in an alloy bike with entry level components and 1990s brake technology.
@@SlickWillyTFCF
Especially as a beginner, an expensive bike is not worth it and most people don't sell their bikes quickly enough afterwards to make a good return.
the first bike just under 1K € that I saw in the store today:
28 inch; 10 kilograms; 20 Gears;
Rear derailleur Shimano Tiagra, 10-speed
frame: aluminum
mechanical disc brakes.
and the store only had one bike over 2K (excluding ebikes)
Have a look at POLYGON from Bicycles Online. I have one of their MTB’s and can’t fault it. I’ve looked at their road bikes and reckon next time I’m up for a roadie that’s where I’ll buy it.
That's true, I was considering a Polygon Helios, but eventually I opted for a gravel bike. Czech company called Superior, full carbon frame, fork and seatpost, GRX 810, hydraulic GRX brakes for just under equivalent 2,4k USD. If I wanted a Trek or Canyon with the same spec I'd probably need another 1k...
In Bangkok, we be stocking up on tyres, etc shortly😅.
It's not just the bike but everything in cycling is over priced. Cycling kit for starters. Pedla and Maap are taking the piss.
Hey guys,i got an email from trek a while back showing their new bikes and prices....i couldnt believe it.ill stick to my 4yr old trek slash thanks lol,its crazy
Yeah I’m still riding my 7 year old Giant anthem. How are you mate?
@@TriFitwithTimandAmanda im great thanks,hows SA for you?
You guys are whacked, my single speed cost $350 and it's lasted me ten years.
I watched one of the latest UK youtubers review of the specialized CRUX
12k here in Australia
Seatpost / saddle / stem / bars / cheap parts
Wheel mass produced carbon laced to DT 350
Nice frame and sram 1 by
Dood 12k
Lots of newbies paying alot
I have had mountain bikes and road bikes and mail ordered parts back 20yrs ago from USA
Chris's king hubs not specialized is cheaper tho well made SWISS DT but lower end parts stems is cheap not CNC
If you know bikes you know
I pay no more than $3000, 2,800 € / bike.
Ha Haaa. I know where I know you from, you were in the Bonnie Palmer fundraising paddle race from the GC Seaway to Currumbin. Just before the race you got out of the ski for a "rest stop" and I came over to you in my white thundercat to see if you were ok. Some big sharks where you got out, not a very good idea to go for a swim.
Yep that sounds like me! Funny that you remember that. Although the race finished at Miami.
I did a video on that race - it’s called ‘I’m just not skilful enough’
Your right they are way to expensive, bit like iPhones, it's just the resale value of no name bikes. The bike you buy is the bike your selling down the line.
no one wants a secondhand bike with di2--it is a gamble.
Bikes seem expensive, but I’d rather give my money to a bike manufacturer and bike shop than my medical specialist who charges me $320 for 10mins of his time.
No to both
$5K+ for a plastic bike? Not for me.
1000 eurs and you good to go!! Bikes are the cheapest now!
Buy second hand is my opinion.. better value
Bike companys digging their own grave!
Luckily a bicycle is not a basic need, so you don't have to buy an expensive bike. The best bikes are going to be expensive. Anything in life that is nice typically is. I just hope these type of videos are not spurring violent attacks on cyclists to steal their bikes.
Don't you mean the bikes fit for the purpose of racing are going to be more expensive? Actually the best bikes are going to be made up of materials that last like steel and aluminum, and not made with proprietary parts that you won't be able to acquire 5 years down the road. If you are a dentist with deep pockets and a huge ego then feel free to spend your money, even though it's not going to do much for you. Those people are still going to get beat by someone riding a lessor spec'd and cheaper bike.
You don't have to spend $10,000, but even aluminum frame Tiagra bikes are into the thousands now. Entry level components on a frame using 50+ year old tech and materials is absurd.
@@SlickWillyTFCF Yeah, I feel we ought to just quit buying bikes until there is no market for it anymore. Let these companies go bankrupt and start firing all the R&D personnel and change their marketing strategies until they realize it's just a bicycle again. Who needs a bike built using NASA approved engineering anyway? Not me. And not most of us.
Just buy a cheaper bike. Happiness in cycling is not checking your stats, distance, speed and average speed, it's cycling to explore, stopping at the kedron brook crossovers and looking for turtles and small fish, and checking out other people in their lycra.
If you want even a modicum of performance though you have to spend thousands. In the US we're seeing aluminum frame Tiagra bikes with the lowest spec wheels going for $1,000+. Upgrading the groupset to 105 brings you to the $1,500-2,500 mark. Choosing a carbon frame, better components, or better wheels (not all three) will bring you into the $3000-5,000 category.
Bikes at every range are way more expensive than they should be. People trying to get into the sport that want a decently spec'd bike are looking at $1,500to $2,000 on the lower end. If they want any kind of resale value it's more like $3,000+. When you add in all the odds and ends like lights, bottles, pedals, shoes, bib shorts and jersey, helmet, better tires, better saddle, etc., we're talking two to three thousand dollars to get a low to mid-spec bike and start riding.
Sure, there are cheaper options if you just want to meander through the countryside on two wheels and look at fish, but if you're thinking of future upgrades and the best performance value it's far better to start out a step or two higher so you aren't having to upgrade an entire groupset at once, or you don't have to decide whether a new wheelset or new groupset is the better upgrade in the near future.
This is a lie. I’ve been among the fastest riders in multiple clubs and I use a singlespeed. The single most important factor is fitness.
@@bjmaston I don't disagree that fitness and diet are the main aspects to performance, but the average rider will see a benefit to choosing higher spec'd, lower weight bikes over 1990s tech on a steel frame.
Sure, getting on the bike in the first place is more important than not doing it at all, but diminishing returns on bike performance don't really kick in till you hit the $2,000 - 3,000 price point. If you've been among the fastest on your group rides on a single speed you're either riding with people considerably less fit than you, you're still young and can handle it, or you're an anomaly that should ve riding on the world tour for a pro team.
@@SlickWillyTFCF The average club rider (who themselves will be far fitter than the average rider overall) will see no performance benefit beyond spending $1,000 on a Specialized Allez. Fitness is by far the most important determinant of performance.
All prices have risen significantly … not sure why you’re obsessing about bike prices?
the added value of the bikes is the high price. You have to have a product in your catalog that you can sell to people who want to spend more money than everyone else.
The problem is that all the bikes are more expensive than they should be. These days you have to spend upwards of $2,000 USD to get 105 on an aluminum frame. Any less and you're looking at Sora or Tiagra. Once you add in shoes, pedals, bib shorts and jersey, lights, a saddle bag with patch kit and tools, better tires, water bottles, and all the other odds and ends that you need, it could be close to $3,000! That doesn't include upgraded wheels which are almost a necessity when compared to stock wheels - another $1,000. That's a lot of outlay for someone thinking about getting into cycling, especially if they aren't sure if they're going to stick with it. Those bikes don't have the resale value that carbon bikes with higher level components do either, so there's less chance of getting anything back if they buy a less expensive bike and ultimately decide they don't like the sport.
@@SlickWillyTFCF I shop in completely different worlds. Sure, there are brands like that just have arbitrary prices, but when I buy bikes, the prices are between €200 and €3000. And you can get a perfectly good bike for between €700 and €1500, anything above that is just a plaything, a cargo bike or an e-bike.
For a beginner, I would even recommend spending less than €500 and buying what he needs two years later as he gains experience.
@@wolfgangloll2747 That may be an option where you are, but I just searched for $500 bikes and I only found a couple of drop bar road bikes which were steel Motobecanes with 7 and 8 speed groupsets and stem shifters from bikesdirect. The rest were beach cruisers and city/commuter bikes which just aren't feasible in most of the US, especially for road cycling. I just don't think bikes with 1960s technology are worth it, even if they're only $500.
I agree that the $1,000 to $1,500 price range should be the sweet spot, but you're just not getting much bike for the money here. The only upgrades over the Motobecanes are slightly better wheels, a lighter aluminum frame, modern shifters, and maybe a teired groupset like Claris or Sora. Might as well spend the extra $500 to $1,000 to upgrade to the Tiagra or 105 at that point.