Even More Bike Industry Layoffs & So Much More!
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- Опубліковано 5 лип 2024
- The bike industry continues to be in a state of "wait and see" and companies like Giant, Trek, The Pro's Closet, and Rad Power Ebikes continue to make me scratch my head. Tune in as I update you on all the news in the bike industry this week!
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Timestamps:
0:00 Intro
0:35 Giant Wants To Make Indoor Trainers
1:17 Pros Change Companies & Why We Shouldn't Care
3:51 Cheap Ebikes Are Dangerous
5:18 The Pros Closet Stops Buying Bikes
6:31 More And More Layoffs
7:15 Final Things
#Layoffs #BikeIndustry #DailyMTBRider - Спорт
Different team means different trainers, dieticians, support staff, travel policies, team environment/vibe for morale and motivation, and of course equipment. It DOES make a difference..
ye, that's total bullsht
pretty much the person does not understand what is a team in any sports
I agree with you on that. The environment you operate in can have a legit effect on your performance. Loris going from Santa Cruz to Trek might be a good example.
Exactly, Jesse was on a tiny team and had to organize his own travel, training etc. This move gives him way more support.
I've wanted to upgrade my wheel set and the wheels I wanted have always been out of my budget. If prices are dropping, this may be the year I FINALLY get a new wheel set 👍
As a side note, TPC is going to do bicycle service and is looking into fittings. Coming from 30 years in the cycling industry, that is a big swing and shows how our industry is going and will continue to go through a rough patch (at least a 3-year rebound). If you are reading this, please support your local family bike shops because they will feel the most significant impact without deep pockets/credit like the big boys.
I'm buying everything I can from my local bike shop to try and help!
@@sgtaaronp Fantastic! Every little purchase helps.
I don't know if you saw this. Marin is doing a buy one get one free deal on a select few bikes right now. Entry level bikes. Looks like a good deal. Thanks for sharing your time with us
I saw this. It’s a Buy One, Get One for $50. The tree bikes listed are in the $400-$300 range. Great deal for entry level.
Subbed after your videos on this showed up on my feed a lot. Really interesting content
Now I see better prices on similar bikes at Bike shops than the Pro's Closet.
The indoor training market is huge and definitely growing. Covid switched a lot of people onto it. You can see the race to the top with the emergence of new training and racing platforms from wahoo and rouvy. Used in conjunction with outdoors cycling it will definitely get you fitter. Giant know what they're doing.
This is a great series.
Thanks.
Bro I think the bikes actually do make a difference, these dudes are the 1% skilled and they actually really do rial in the suspension to a insane degree we average Joe's could never get to
Another informative video. Thanks! A lot of the bike industry operates in the dark.
There needs to be some kind of distinction between (quality) eMTB mid-motor bikes and (cheap) hub/rear motor ebikes. There is NO comparison though they are both electric.
I think there’s lots of companies that hired when the demand skyrocketed, now they are going back to normal. Just like retail stores hire seasonal workers during the holidays, the bike industry had to hire more during the peak demand period.
Thanks for the info!
Always wanted a Santa Cruz 5010.. can't wait to see if deals come from them as well
+1 - I almost picked up a Bronson at the start of January; but am glad to have waited. Hopefully the prices can come down before the coming season =]
@@AlexGelinas42069 I wouldn't be able to afford one at regular price
Santa Cruz deals are definitely possible. I bought a new Bronson in late October for about 20% off. At the time, I remember they had a rack of 5010s and Nomads with deep discounts.
wait longer, is the best move.
The bike industry is a good early economic indicator since non-essential luxury items are the first to get axed in a downturn. High interest rates and skyrocketing living expenses are decimating disposable income.
Any guesses on when the Bike companies will start discounting bikes? I'm in the market for a new road bike and I'm hoping for some big spring sales.
In Europe it is clear. E-bikes do not sell as expected. We had sales with Trek e-bikes a year or three ago. That is over. German brands have specialized in heavier E-bikes like Riese & Müller. These cost over 5000 USD and do still sell. The thing is that in Europe E-bike buyers are looking for a replacement for a car rather than to be sporty people. Then there is also the very popular cargo bike. Again Germans are leading in this field. Mothers bringing there kids to school in a cargo bike or a hangon trailer is popular. Employers give a fee to come to work on bike. All of them have BOSCH motors. So Bosch still does good business in this branche too. It is very rare to see a normal e-mountainbike here, let stand an e--sportsbike. The cheap e-bikes do not sell also. I thought sales would be much higher. Electric mounted on gear does not sell at all. People in cities start moving more on steps.Steps are very easy and trendy to jump on and give immediate desired result without getting tired. The conclusion I draw is that in Europe cycling is getting less popular in spare time and for training. You would say then fitness clubs are booming. No on the contrary they had huge losses the last three years. What I see is that there are more people that run to stay fit. And Padel is a hype. Running costs nothing too.There is also less youth enlisted in the National Cycling League since a couple of years.
Sam Pilgrim joined Canyon this year as well.
With the way I’ve watched him build up bikes I feel like he will leave real fast from a bunch of carbon delamination on the parts.
Another cool thing about the Reserve aluminum wheels is that you can buy them as a mixed wheel size set 🤘 and I said the same thing when I saw that they came out with those, that I don’t need new wheels yet but I want them 😅
that company you mentioned that laying people off, i can confirm that, because we used to have a retail store that sold exclusively their bikes has just shut its doors. They also refused to service any of their bikes, unless you were the original owner with the receipt.
Their prices are still expensive
Tonight I will sneak into Josh's garage just to level his tool tray on his bike stand
Covid might be over but Winters are forever. Smart trainer move by Giant I thunk.
Thanks buddy
Keep in mind this is not an attack on this rider nor any other rider. just sharing my opinions:
2:29 In some cases this can be the case, using bike that does not fit, using shifting system that does not fit you ergonomically, a rider might still be fast, or faster than others, but I would not compromise fit, ergonomics, comfort for money. Bike that fits, is setup right, and shifting system that fits reduces fatigue, thus making the rider perform well for longer. But yes pro riders jump on anything and ride well.
I would struggle being sponsored by most companies. Unless it's products I already use and love.
As I mix and match stuff to make my bike perform as well as it can, have a bike that fits me and my riding style, set up the way I like it. and I got used to this bike.
so this is a struggle racers face, getting used to the bike. this is why racers test the bikes before they decide, but sometimes they just have to get on something ride on something, sometimes brands change the bikes up too.
I don't buy anything just cus a specific rider or team uses it, or cus would cup winner rode it. I go by proper reviews and peoples experience, and more of that is definitely needed.
I want to use the best product, as long as I can afford it this is what I will do, but racers have the benefit of being paid, get free parts, so does not matter if forks crack, frames crack, and what ever.
Lol pros closet has been paying way less than desirable and they sell them super expensive. Also my friend sold a mtb used fot 2400 orbea oiz xx1 carbon everything they took the wheels off and in the description says they put the xx1 is brand new when it's not. And they're asking 4800 with aluminum wheels lol
I'm hoping for a Pro's Closet fire sale soon. I think the bicycle industry is following the same path as the used car market here in the states and I'm guessing there are going to be some great deals coming up.
For sure, Almost daily, I'm hitting Canyon, Commencal, Propain and few other websites, looking for big price drops. Can I get a mid-level Meta SX for mid-low $2Ks please?!
So far I have not seen any deals on components, maybe I just don’t know where to look? Where does one look for deals (high end enduro wheels rear shocks coil and springs Garmin computers tires etc).
That article clearly states Molly was riding on the "rear rack".
I think it’s really important for brands to stay relevant. To call it simply, results = relevance. CCLTV needed to backup the loose of jack moir, Jesse is a smart choice as he will podium keeping canyon relevant. Rockymountain have a small window before the market sees them as average. Seems crazy when you say it this, but it’s true. How many people look at YT as high performance enduro bike, most will probably by canyon over YT, however if jack Moir finishes top 5 in EWS, consumers will look at Capra as a serious race bike
Yeah! Agreed…
Deals...love the deals
2023 could be a new bike year for me!
wait it out and watch the prices fall!!!
It's crazy I just picked up my first fs itsba giant trance it's a leftover 22 model but advance model I only paid 1500 cash at a local dealer on a 3600 retail bike unfortunatley the shop is going belly up so get out there plenty of great deals.
teamwork matters so much in road cycling, what do you mean...
Lol roadie 😂😂😂
Agreed. Lance could never have won a tour de France without a sprinter or a mountain guy on his team. Or drugs
He doesn’t know
(Quality) e-bikes ROCK!!! I have multiple bikes, including a Cannondale Moterra NEO 2. I absolutely LOVE the Moterra.
giant has since the inception of the stages indoor cycle been fabricating their frames already. from a business/partner perspective the move must make sense for them. i sold stages bikes for many years and own one myself.
Alot of the prices dropping is simply a correction from pandemic insanity. Prices got just nuts.
in my city we went from 6 sold bike shops to 12 in the last 2.5-3 years... empty stores 6 months ago to flush with bikes.... some will fold.
I think the indoor market, especially the road market and Zwift will only continue to grow. Giant and Stages have been partners for a while with the bike computer and road power on some road bikes.
First: I disagree that cycling is an individual sport at the profession level. Pros have bikes built for them so your engineers and produces are key. Second what training tools and people do you get to practice with matter based on the team's budget.
Second: I disagree that "you will be just as good of a player/rider with a different team." For the same reasons stated in the First section.
Did I miss the part about trek? Because the thumbnail shows them.
Go Team Honey Bunches of Oats!
More power to anyone who gets paid for doing what they love. The rest of us do it for fun. And does anyone really care what kind of bike they ride when are getting paid to ride? The best bike? Is the bike you like to ride and proves to be reliable. All of the major manufacturers make incredible bikes in every category in their top line model ranges. Bike prices like everything else will come down. New and used. Fewer people will be walking around with free money printed by the Fed. Cost of capital is up and that means earnings will get squeezed for every company. Buying a $3-$8,000 bike will be a purchase requiring thought and purpose not reflex and impulse. The caught COVID mindset and one of scarcity and the Fed is changing all of that because of inflation. Cutting prices when your cost of goods and labor are going up is a double whammy and if you have over produced ?? Survival will be rule #1. Hoping for an inventory glut?
Lots of Riders discovered e-bikes......if your gonna pay $2500 (and likely more) for a bike, an e-bike is a good option. Brand-name bike companies got greedy during the Pandemic...and now they "found out"
My guess is simple, indoor bikes for mass gaming. Look at the money Microsoft and others are spending in virtual software and so on. Or maybe they are hoping a shut down is coming. If it were up to me I would watch for the red heifer. Great channel and great content keep up the good work!
You asked for video ideas, ' would be interested in you getting your friend Lost Co Mike's take on all this. Granted, he may not be able to be completely open due to his need to maintain relationships with suppliers.
I had to have hernia surgery last year after lifting the worst Rad Power Bike of them all (the 100lb Rad Wagon) and after examining the box it does not say “Team Lift” anywhere. My lawyer buddy said I could’ve had a MASSIVE lawsuit on my hands. Unfortunately I probably had had at least one of the hernias I had beforehand and I couldn’t start a lawsuit on good conscious. Bottom line, I have always hated those pieces of crap and I will always continue to. Spend a little bit more and get something much nicer.
Pros and teams is like pro golfers. Whether they have deals with Callaway, Taylor Made, Titleist or whoever, does it matter that much? They all make incredible clubs and balls and everything else a pro would need.
Giant is probably making a smart move. 90% of my riding is indoors, mainly due to convenience, but also because of too many close calls. Traffic is aggressive. Deadly for some.
I'm extremely fortunate to have a nice 7.5 mile bike path that I can access on my bike without any worry about cars. But I'm still looking at a trainer because riding in single digit weather (Fahrenheit) kinda sucks.
I ride mostly gravel these days due to this, still some roadie miles though. Trainer is boring, even with the increase in quality of content. I ride inside when I have to, during night during the winter and to stay reasonably fit, but it’s not something I’m dropping huge money on to get the most high end one.
@@smileyguyz I’ve even come across a car on a closed bike bath. Honda took up the entire width of the path. He was using it as a short cut to get to a cricket match. That was in Austin.🙄
@@HighStrangeDrifter Lmfao I've seen some tracks in the snow on the path here, some people are just wild. I'm gonna hope it was a city truck checking things
I thought you said Giant didn’t have enough capital to pay the bills the other week? I think you’re confusing brands restructuring after the Covid 19 period which was volume intensive with them struggling. BTW that tire looks more like a DHR.
i tend to agree, i think companies employed more staff to assist with the covid period and now are having to go back to status quo
Thing is there are E-bikes and then there are E-bikes. Speaking of industry news seems mainstream bicycle company are making suv ebikes.
Wrong! Team Rice Crispies Rocks! And Snap Crackles and Pops!
It's crazy how many people won't buy a product unless they know pro's use it.
The issue is the girl was like 12
Ebikes have age restrictions in many states for a reason. The question is how fast were they going for her to crash and die while going downhill...if you say 20mph then the fact it was a ebike doesn't matter uk? 30mph gets a little more serious but honestly they were downhill...the people at fault are definitely the ones that put a little girl on a ebike
Ok, you had me until you said you didn't like soccer (it's Football). 😄Jesse is so rad, talk about a down to earth guy who'll stop and chat your ear off then ask you if you're interested in going on a gentleman's ride. ALSO, not everyone wants Maxxis tires. I personally don't like Maxxis, I've had more flats, punctures & wear since switching from Michelin, so I'm back on Michelin's = they are money! Ok, we can call a truce now. LOL Good video Josh, thank you.
Ok but I love to gossip about bmx pro’s switching teams because different brands put out different videos and stuff and it can be really cool to see the video parts. Idk lol
What’s going on with Fezzari ???
I haven't heard anything good or bad about their situation
The market I would be focusing on is the commuter steel bike. Easy maintenance parts and priced at a mid level. Lay-off most of your marketing staff. Look at manufacturing parts for retro-fitting older steel bikes. Leave the electronic, disc, carbon stuff alone. It is not practical or long lasting.
Why would they lay people off now with the season coming up there just gonna need to rehire people
Specialized bike prices are back up now… stumpjumper is $2800.
🧐
Its how inflation is brought back down apparently.
It’s not just the bike industry, it’s every industry, a massive recession is coming and company’s are laying off staff in preparation for what’s to come
Started but bikes still expensive wth?
Have to disagree about riders switching teams no mattering. Look at skateboarding, every deck is pretty much the same board with a different graphic and sales are generated by having the best/ coolest or well respected guys use the products. Or Ken Roczen switching to Suzuki this year which is by far the most outdated bike that hasn’t been selling for years but when he makes the switch dealers start selling out of all their old stock. I think these mtb guys deserve more credit for how they can help brands grow but maybe I’m wrong.
Very few pros actually can sell a product. If they do it's to a younger market who is more likely to follow trends. On that note. It's an ego stroke for a brand to win. So they invest to win and brag.
Win on Sunday, sell on Monday; old adage from motorcycle & car racing the bike industry is trying to succeed with.
We the consumers choose what the prices of bikes are going to be with our wallets. If people just don't buy at certain prices, then prices will have to come down. Companies will only be able to lay off and cut costs from the bottom for so long. Eventually they will lose market share if their prices are not competitively priced. As they should, because bikes are a commodity and not a necessity, at least not a new bike every year. Don't believe the clearance sale prices right now, wait a couple more months and see the real deals start popping up.
Any vehicle has the danger of accidents, even riding a horse. I don't understand this biking purist thinking that condemns electric bikes. They are different than a regular bike, what's so hard to accept about that simple realization?
TPC gonna have a fire sale soon
3:30 If bike brands sponsor athletes it’s because they know he’ll bring more money than they spent! Simple as that.
I miss the old riding videos. Bike brands have gone corporate, the moves are no different than any other industry, when they have a board to report too, you always have to look like you are doing things to save money, even if you're still earning record profits.. its sad.
TPC can’t sustain it. Bike museums, all the extras.
All the more reason to ride a plus size hardtail
maximize profits minimize lost......
cheap ebikes and Rad Power and Carlsbad - look into it. they have no business being on the streets.
Trek deserves whatever they get for discontinuing the Remedy. Big wheels suck 🤣
I was a former employee of Trek until this recent September. I was let go, along with about half of my staff teammates in the span of about a week. Now, my family is taking a risk by buying a bike shop that sells Trek bikes, just trying to keep local shops open. Please help your local bike shops. Buy local, because if you dont, local will slowly disappear. We will not be there to help you anymore.
In regards to the Giant/Stages deal, they are not necessarily looking at the indoor trainer market as much as the spin/smart bike category. Giant already makes many of Stages indoor spin bikes. What great marketing to have your name on the spin bikes at clubs. It could also be that Stages owed Giant money for the things it manufactures for them. Have the terms of the sale been released? It could be very enlightening.
specialize ran out of boxes so they say !!!
WHY WAS SHE RIDING ON THE BACK OF THE BIKE
These videos are nothing but click bait and over exaggerated for easy views. Not to mention you can just go to bicycle retailer and get all this info. Lots of this isn’t specific to bicycle industry as there are layoffs everywhere…. Rising interest rates, recession, cost of living all contributing factors. I don’t know why you have such a bone to pick with the bike industry?
This guys praying on the downfall of the industry for more content 🙄😔
Just a daily reminder that e-bikes are lame and name brand ones cost the same as a used motorcycle
Is this economic/post pandemic tsunami ever going to end?🤔
As a non-racer and basketball fan (as per what i follow in the pro sporting world), i could give a rat's peytoot about what Any pro bike racer does on the trail/road or off it. Bike companies could save a ton of money and ditch their racing teams and simply focus on making sensible, simple, quality, affordable bikes and components. Encouraging more new blood into the sport/lifestyle along with lobbying for more bike-friendly cities would also be a hugely positive act. The bike companies could fight along side IMBA or whatever trail access/open land preservation advocacy group in any given country for more trail access and trails in general; organizations like the Sierra Club (the Hateful Old Hikers Association) are Not our friends and we have the numbers they don't(!).
Also, we Don't need these bike companies via pro shredders, encouraging Horrible trail etiquette or abuse (e.g. massive dirt-roosts in corners like moto-cross racers do in Closed courses) or encouraging more noobs/less talented riders to visit the hospital or morgue due to the Dangerous fad of 'rad' riding.
Only 40 videos about the industry crash lol.
Alright, Nice of you to make informative video's for people but putting Trek HQ in the thumbnail and putting a layoff title on it, whilst Trek is not laying off anyone, rather doing a hire-stop to not have to fire people. This is just FAKE NEWS. Please change the thumbnail or im reporting the video. This has gone too far.
Totally agree!!
Watch out everybody, this guys been triggered.😂
Its helpful if you just give the soccer analogy without your feelings on the sport. You turn off possibile subscribers who may otherwise love your channel.
lay off the salt maybe
Once again, free capitalism is self adjusting. Consumers are finally getting a clue and are turning away from these price grabbing high speced usless bike models
Lmao this guy is cherry picking articles and headlines to create the illusion of there being an ‘issue’ in the industry to clickbait and get cheap views. I miss your old fun videos dude.
Don't worry Brian, I will continue to make videos like I used to - but I'm really enjoying curating industry news and people are responding well to it. I do believe the industry has a big issue and people want to track it along with me. Thanks for your feedback.
Great content. It’s super intriguing and your consolidated videos make it easy to follow.
I think every rider is going the bubble pops on pricing and we can all afford our favorite brands again!
You need to green green yourself over a stereotypical news show background, wear a sport jacket, and start talking in an anchorman voice.
I don’t even believe that you said that conventional bikes are safer then e-bikes!! 😳😳 Are you even paying attention to what you’re saying?! Are you really a informed person/biker??
-Fact: on a conventional bike if you’re descending steep stuff easily you can get 60km/h. What’s difference here between both if using same good brakes and rotors?!
-Fact: e-bikes are safer because of the weight… more planted to the ground, suspensions are more efficient due to that same fact…
Get informed!!
Can't be true. Joe Brandons regime keeps telling me that this economy is super duper strong and is far better than any period from 2016 to 2020.......
😂
The politics aspect aside, the issues with the bike industry aren't really from the economy. The pandemic caused a run on bikes, so they were scarce and producers who are mostly in Asia where the pandemic hit hardest couldn't keep up with demand. Prices skyrocketed because there was scarce inventory. Places like Pros Closet bought used bikes at inflated new bike prices, and now there's a glut of new bikes on the market they're trying to unload and the used resellers are stuck with overpriced units they'll lose money selling.