It’s Official: Bike Sales are Skyrocketing
Tuesday, August 26th, 2008It certainly seems like there are more people riding bikes recently. Now Bikes Belong has surveyed bike shops around the U.S. These shops are seeing a significant increase in sales.
Here are the highlights:
The majority of retailers who responded said their sales of transportation-related bicycles, accessories, and service have increased in 2008 compared to 2007:
- 73% said they are selling more bikes.
- 84% said they are selling more accessories.
- 88% said they are selling more service.
Is this increase in sales because of high gas prices? Most retailers who we surveyed think so:
- 95% of shops said customers cited high gas prices as a reason for their transportation-related purchases.
- 80% of retailers said gas prices were helping them sell more bikes for transportation.
- 86% thought accessory sales were getting a boost.
- 89% said they were selling more service because of high gas prices.
Many new customers are dusting off old bikes and bringing them in for repair. There appears to be a surge of interest in riding bicycles for short trips, errands, and commuting.