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

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 CZcams 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 CZcams 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

[@anthonyg-can]

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]

Glad to hear it!

[@TenFalconsMusic]

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]

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

[@chevyyyyyyy]

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

[@TenFalconsMusic]

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.

[@glenngoodwin3899]

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

[@bikesbymike]

Thanks for commenting…and watching!

[@stevec1788]

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]

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!