Just when you thought the MTB INDUSTRY couldn't get any CRAZIER...
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- Опубліковано 11 лип 2024
- Several sales and pieces of news came out in the biking industry that are not like we have seen before. There is some crazy stuff going on and I think it is just the beginning.
• Were we RIGHT? The sta...
• It DOESN'T LOOK GOOD f...
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What are you guys seeing out there? Even Competitive Cyclist is doing 20% off everything in your cart right now. --> bit.ly/3No7tYj
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Troy Lee Designs has a 50% off coupon. Pretty wild and it appears to work on anything if it is still running.
That is pretty nuts. Normally discounts that heavy are restricted to certain products. That is why it is surprising to see the Competitive Cyclist one too.
Just tested it again and it appears they disabled the 50% code. Seems it lasted a couple days which is still pretty wild!@@Bike198
Thanks for checking again. It is still pretty wild for sure.
The restrictions eliminate most items from the 20% discount
Everything in mountain biking is way overpriced . It's good to see these guys coming back down to earth
They're not making any money though...
@@ZeAmukinado
Someone somewhere has made a lot of profit off of these bikes. CEOs always get paid.
I really doubt they are not making way north of 2x on every bike they are selling even with prices cut off, is just that overpriced
I think companies (and it’s not just the bike industry) have been playing a game of how much can we sell for and now that the economy has slowed down reality has come back to haunt them.
I just bought an 2022 Orbea Occam M10 LT. It was $2677 (tax not included) new with the factory warranty. Carbon frame...Fox Factory 36 and DHX coil...with a full Shimano 8100 XT group that also included the four pot XT brakes. Insane deal.
That really is crazy, I just bought an h10 2023 for 1800 euros, that's fantastic, but an m10 at 2700 must be sold at a minus
Where did you find that??
Just ordered a Nukeproof Scout 290 Race for $799 to my doorstep! Normally $1599.
awesome deal, you gonna love the bike
I just pulled out my Trek 930 from the garage, I don’t ride as much as some, but my bike doesn’t seem to wear out. I’ll just stay happy riding and not worry about the market, it’s silly to chase technology these days.
I bought a stump jumper evo elite alloy for 3500 this month. I saw them for sale at the biggining of the year for 5600! Smoking deal for fox factory suspension and gx drivetrain. Best value imo
Had kenevo SLs that were £8500 in the uk going for £4500
I did the exact same thing, except I got mine around Thanksgiving. It's arguably the best deal out of these sales right now.
Just picked up an elite for $3500 as well!!
Not only is this an inventory surplus issue, it's also an economic slow-down issue. I work in the fishing equipment industry manufacturing and selling rods and reels directly to consumers. People are holding their money. We've had to drop profit margins and do aggressive sales just to get customers to buy. Thankfully it seems to be stabilizing but it's too early to tell.
Like Kona, We also had old stock that needed to be cleared out. Breaking even or making thin margins to get cash in hand is better than having old, stagnant inventory on hand. You can't buy new equipment with old equipment.
What’s really crazy is that I am buying parts from big stores that are cheaper than what I can get from the wholesaler through my repair shop.
Store names? Please.
@@mr2_mike Bikester in Europe. German, I believe. I just bought a DT Swiss fatbike wheelset, a SRAM GX Eagle fatbike crankset and Mucoff tubeless valves for less than my distributor price. And with free shipping.
Thanks!
Maybe some companies didn't realize that this huge increase in demand wasn't going to stay for ever and would be back to normal? This not only affect the new bikes market but also the used market.
Cheap Chinese e bikes sold direct to consumers are destabilizing the market. I bought a Wired Freedom for $2000. Full suspension 60v 2400 watt 26x4 fat tire. So much better than most MTBs for most people. If you don’t have a throttle, good luck.
In Australia the Giant Trance X Advanced Pro 29 2 went on sale from $7300 AUD to $4000, with some shops dropping the price further to clear their stock. That's a deal I couldn't pass up, it's a great time to buy a bike.
It's also a great time to think of less convoluted bike names.
I bought a Supreme V4.4 With Fox factory suspension for 2800 euros in Italy! That thing would've cost me 7k a year ago
So you paid full price
@@hiramrodriguez4323 If you read both our statements you would've realize that isn't the case
I jump on this too, Sydney Australia, i have the same bike :)
I picked up a Commencal Trail bike for $4,900 just before Black Friday. Was listed for $8,000 with 30% off and I applied their coupon for another 10% off of the sales price. I think the components on the bike were more than what I paid. Fox Factory fork, shock and dropper, carbon wheels with Industry Nine hubs, XTR brakes, SRAM X01 drive train, Renthal cockpit.
Smoking deal. I just picked up an Orbea Occam M10 LT, full XT kit, Fox Factory, Maxxis tires for 3800 USD. Super happy with the purchase.
What website ?
In the UK, I bought a 2022 Specialized Enduro comp was £5000, reduced to £2999. I couldn't refuse that deal.
The Kona situation is Im sure part of the new ownership and deep pockets. Lets hope the brand does not get run into the ground into making pure crap. The accountants are all sharpening the pencils for their bonuses Im sure and then packaging the company to sell it again.
Kona bikes suck they deserve to go under.
My son worked for Guerilla Gravity and could see the writing on the wall. To my surprise he built me a frame before he left and i absolutely love the bike. Still sad to see a small company go down
Please expand. I’ve been saving for one and don’t want to buy a bike from a manufacturer that is sure to go under.
@@levonstilson9032He talks about it in the video.
Craziest thing I've seen is Chain Reaction Cycles ending international sales!😢
Used to love shopping at CRC. Sad when they stopped shipping international.
MTB companies are like microbreweries, there are way too many, they're all overpriced, and basically the same. I would rather they sell me.one bike at 40% off than two for one, same goes for beers.
I don't see that as a problem as they are the most likely to innovate. One of the other channels talked about one casualty of the downturn will be innovation with brands not pushing out their latest and greatest as they work to push out their old stock.
@@joecanuck3751reinventing the wheel for the sake of being edgy doesn't equate innovation.
I’d add most local coffee shops to that list too. Great analogy. Way to many carbon schmarbon garbage brands
It’s about f@cking time because the MTB industry has been doing way too much when it comes to pricing like come on people just wanna go out and ride their bikes without having to sell their kidneys I’m so happy to hear this even when it comes to myself I recently purchased a canyon spectral for 3k+ and thought it was cheap and it wouldn’t be enough bike for me but it’s actually really a bit to much for how I ride overall I love it
The Giant Shop near me closed for good 2 years ago because they said they couldn't get bikes anymore..... bummer
Bike prices are crazy .. this has to stop in a way or another ..
Sadly in the UK the prices just rise, no deals here. Can't help feeling we are being scammed....
Couldn’t agree more / I always thought bike companies who sold hardtail frames made from 4130 steel for over $1000.00 were up to no good. That steel pipe has been around since the dark ages and its been cut welded but marketed as some boutique / cool hipster crap that some folks will pay for. Its become about the name you ride not what you like to ride. Just another equipment sport out of control so sit back and watch it boil over.
when you bought a bike for the price of two during the pandemic 🥹😭😭
After Kona got bought out a couple years ago, the new owners are moving the company HQ to Utah. The time was up to start the move and Kona found it cheaper to unload the bikes at 50% off instead of moving them all.
It is a great time to buy a new bike but a really bad time to sell!
Here in the Philippines. Specialized Bikes are 50% off from retail.
The prices are still to high for today’s market which is very small now. I select core group will always pay for top quality bikes & equipment but that is an even smaller group. I don’t know how the industry just kept building & stockpiling so much stuff when it should’ve been clear that the frenzy from COVID wasn’t going to last & they should’ve been paying attention & slowed down everything now they are stuck with bikes that are already a year old & about to become 2 years old & good luck selling a 2 year old model for the prices they say are discounted no one is going to buy them & they are just going to sit longer losing more & more value . Kona has realized that they need to recover some of the money rather then recover none & still be stuck with old stock which costs $. The industry better start having heavy heavy discounts & even that’s not a guarantee that even that will work.
I bought a GG during COVID and have ridden it A LOT. it’s been a great bike and will continue to ride it until something breaks on it that I can’t replace. Very sad since I live 10 miles from their shop and used to go to all their shop events. Was a great company.
Canfield is now selling spares for GG frames.
Would be a great chance to stock up on parts that are likely to wear and break. It's obviously GGs old stock that Canfield have bought.@@abtcup
@@abtcup I know, they sent emails to all GG owners
I've been riding since 1986 and worked at a shop for a few years along the line, but have always kept my finger on the pulse of what's going on in the mtb world. I can't remember a single time I've seen shimano components on sale across the board, now for months on end. It has always been if you want some new shimano components, you pay full price.
Fox had a great sale on forks and shocks. Picked up a new fork that wax 300$ off
wife and I picked up process x in Canada. Stoked!
I picked up new-old-stock 2022 Turbo Levo Alloy Comp for $6,200 CAD, which is 30% discount from $8,500 CAD it is normally listed at. Our sales in Canada don't seem to be nearly as wild as those in the US (though the Kona N+1 is available to us... if you can find a shop that has inventory). I've been seeing on some eMTB groups that some Specialized shops were selling a Turbo Levo (unsure what model) for $3,500 USD and tossing in a spare 500wh battery (it comes with a 700wh); or perhaps it was the Alloy version which comes with a 500wh and they were tossing in a spare 700wh battery.
I bought a Transition Repeater at 39% off . It’s awesome & I knew there wasn’t going to be another sale like that .
In Jakarta during covid they even drew bike lane on main road. But once its done, it’s rarely used after covid.
Bike were waayyyy ocerpriced.
Spectral CF with XT and grip 2 for $800 less than an evo? Couldn’t help myself…worst thing about a new bike is getting everything else you need for it…$800 was gone an hour later 😂
The mark down on bikes in Europe is pretty crazy.
You can import a bike from the UK for less that you can buy one in the US.
I just bought an Orbea Occam h10 2023 for 1800 euros... unreal
Specially for Obea which seems to be growing massively not really struggling
I went by the Squeaky Wheel in Lancaster, CA. They have a killer deal on a Specialized Kenevo SL....$9,000 MSRP. asking $4999.99. Insanity!
I really hate to see GG go under, that was going to be my next bike.
I picked up a 55% off Pivot Les. Can't complain about that.
What's interesting is that here in Canada hardly any Kona dealer has any stock. So this sale means nothing here. The the US it's a different matter. Kona also doesn't sell direct in Canada so it's a non-sale here.
In my country there is a solid stock which is a good thing as i was eyeing a bike (i got a sweet deal on Big Honzo just before Christmas)!
My LBS in Nelson BC has the Kona 2 for 1 going on..
YT still has some amazing deals right now
My local Trek dealer had 9.8 MTB's on a BOGO during BF. Really hard to resist.
Those specializeds I was selling at the same sale prices a year and a half ago.
I picked up a Kona Big Honzo at 50% off. It’s being shipped now. They are now 30% off. Glad I grabbed it when I did.
Chain Reaction is no longer shipping internationally!
To be expedted when they changed the whole website and crank up their prices a few month ago ...
It used to be good back then they had really competitive prices .
I don't know if it's been said in the comments yet, but Vitus and Nukeproof may be on their way out and have some insane deals right now. And my LBS is selling very well speced Knolly hard tails for $1,500ish
In Australia Trek have rolled their Black Friday sales over and have a new label on every bike advertising ‘new lower price’. These include gen 6 Fuels as well e.g $10,000 AUD bike is now $7,000.
Didn't realise it only started on Black Friday. I ordered a Gen 6 online on Boxing Day for $2,000 off.
Just before Thanksgiving, I bought a Roscoe 9 for $2100.
i just purchased a Salsa BrickThorn from CK cycles in Albany NY for a super-duper price ...and i was just looking to upgrade my hardtail...
It seems like Specialized hasn't sold a Stumpy without a discount in a couple years now, they seem to always be 20-40% off.
I wish i had money for a full squish frame hopefully next year sometime.
No dude. Those Stump jumpers on sale are last years models. The new models are normal full retail price but with some new drivetrain and brake options.
Not the only industry struggling that was booming during Covid. Blows my mind how yt can sell their base Capra for $1900 but then raise the price back to $3000 after they sell a bunch.
You can buy a Cotic Rocket Max which is handmade in the UK ,Zeb ultimate,super deluxe rear suspension,Hope brakes and wheels with SLX group set for 5800 pounds . Just shows how much of a rip off that the Chinese made SC , Specialized etc carbon stuff is .
I just bought a nukeproof scout 290 elite for half off. Pretty crazy!
Forbidden has the most insane deals right now. The new SRAM T-Type GX AXS Dreadnought is down fro $9000 CAD to $5,354CAD. The cranks, derailleur, and cassette alone for that bike MSRP at $2,350.00CAD. As a dreadnought owner It's almost worth buying the bike just to upgrade my drivetrain and have backup parts for everything else.
Mostly Sold out in the US. I did pick up a Dreadnought for a killer deal just before they were all gone.
I ride but I don't 'follow' the industry ebb and flow. Do the observed trends hold true for components, or just 'whole' bikes? Thanks.
The main problem is there are to many bike brands....this brings down price...
The bike industry, just like the car industry, needs a MASSIVE adjustment as they are so overpriced it's insane. I love seeing every bike company overpricing and gouging their customers go out of business....so yeah, I don't shed a tear for that company going out of business. Please don't flame me for that comment, I've ran a successful business in an extremely competitive market for over 10yrs and been successful. The way to NOT go out of business is to price your product so the "average person" can afford it and you win by volume. If you jump on the bandwagon of all the others who are ramping up their prices, you simply hold water with them. You undercut them and price to where the average person can afford your product, without compromising quality, and you win in spades!
I've been in the market for a new bike for a year or so and refuse to buy at the current prices. The more companies that fail, the more the others panic, and you win. Wait them out folks!
I’m bought a 2022 Specialized Epic EVO Comp(msrp $4750) for $2850 at a shop. I am stoked.
Crazy times I got a kenevo Sl down in the U.K from 9.5k. To 5k still alot if money but a massive saving
I bought an SL6 Checkpoint with 20% off plus credit for my trade in so got 1000 off the 4300 retail price. Paid 3400 for the bike. I feel like I could have got even more off if I had waited or bought an SLR for same price had I waited but it’s all good. Still a savings!
Can you talk about Chain Reaction / Nukeproof. Seems like they are no longer shipping to the US. My friend needs a part and his carbon Nukeproof is now a $4k paperweight. Can't find the part anywhere..
Overpriced bikes stay unsold!
Yes, I just bought 2023 specialized Enduro comp 40% off
Really shows how overpriced new bikes are if they can sell them for half off and still make profit
They might not be profiting. They've already sank their money into building the bikes, if they can't sell them there's no money coming in. Selling them at a loss is still bringing them in money and might keep the lights on.
@@ericstrabel4365 also they usually manage to make extra money after purchase from maintenance and whatnot
No profit here - just attempting to recoup costs…
They’re not making a profit. This is a fire sale to get money in the door just to keep the lights on.
Kona is dying or already dead, they weren't surfing waves of sales before the takeover & pandemic but the new bosses killed what was left of the soul, with previous reputation for poor QC and complicated warranty claims even for older gens who grew up with Kona it became harder to justify purchasing one.
picked up a nukeproof scout for under 800 with free shipping....
I bought a Marin RZ1 in summer, right now I can get the RZ XR For that same price which is almost a $700 USD difference and a whole lotta bike too.
Great to have some fantastic bargain in the second hand market too.
I’m new to the bike world, but just picked up a Vitus Sentier VR 29 for $750 at Planet Cyclery. Awesome price for entry level bike
Unfortunately, still don't have enough money to get int the sport.
I’ve just bought a 2023 Trek Slash 9.7 six/xx 29. Reduced from £4700 to £2600. Plus, as I have bought it through my employer’s Cycle to Work scheme, it will actually cost me under £2000 after the tax savings I make.
Sucks I want a Santa Cruz but they won’t go on sale lol
I’ve given up hope trying to get a Hightower. A lot of shops have them (aluminum D build) for 2600 but in XL…
@@emteebee1872 I’m purchasing a Hightower 3 2024 color addition I’ve ridden many full sus bikes and tbh the feel of this bike is night in day compared to most I have yet to ride a yeti though but the cost is what stops me and where I’m at I want a trail bike and I’m going from a Santa Cruz chameleon to the Hightower so everything is easy to swap over vs upgrading to a different brand at a full suspension!!
@@user-dw9ss8rh9o that’s exactly why I want a Hightower. My buddies let me ride their HTs and it just gave me that “this is it” vibe.
Thanks god bless
I don't like the impact this is having on workforce (lay-offs, closures, etc.), but a few months ago I bought a Nukeproof Reactor off Chain Reaction for £1650 (yup!). CRC also had some insane discounts (not just clearance junk) on all MTB items disguised as Black Friday. I just checked and my NP Reactor is now on CRC for £3000. I know CRC/NP are/were in trouble (think they have a buyer), but they've clearly generated enough revenue from these sales to get back to "normal" pricing. Does make you wonder what margins they run at though.
CRC are no longer shipping to New Zealand, interesting to note that. I recently bought parts for a custom build and found Mountain Bike Directs prices too be better than CRCs, plus free shipping to NZ from the UK.
@@cunning-stuntuse to be my vendor of choice, no more international shipping
Blackspire shut shop recently. Their components were top notch...sorry to see them go.
I've been looking at used MT bikes on CL and good deals seem to be sitting. People are feeling cautious with their money?
People reassessing their priorities when money gets tighter. A bike that costs more than a used car is easy to push out of the budget when you consider how much of essentials like food that much money will buy and how much less it is than it used to be.
I’ve just bought a 2023 Trek Slash 9.7 SLX/XT 29. Reduced from £4700 to £2600. Plus, as I have bought it through my employer’s Cycle to Work scheme, it will actually cost me under £2000 after the tax savings I make.
Got a brand new forbidden Dreadnought for $3500 Shipped. Rad bike!
I got mine in mid October for a bit more. Free ship and no taxes. Everything sold out fast except the Smalls.
Megatower r build for £3499 or S build for £3999. Definitely a new bike for Christmas 🎅
My cube stereo in january,went from £4700 to £3600 bought it straight away!
Santa Cruz 2023 bikes going for 37% off in UK at moment £8k+ bikes going for £5k.
Brings them down to the same price point as other brands and less boutique.
Maybe it's another subject, but specialized had free shipping on all bikes and frames plus their discounts, but it's over now. I feel like I can wait for another sale for even better deals.
Price honestly is secondary, when the problem is getting the bike that you want, when you want it.
During the height of covid, I thought it would be a good time to change my bikes since I had more time to ride. Yes, it was clearly more expensive than usual. But thanks to the jacked up prices, I had fewer people to contend with for the stocks. Hence I scored my bikes, rode it through Covid, while those folks spent their extra riding time during covid on their old bikes.
Haibike are doing a ebike for 4000 pounds and it’s a 180 front and back .
Overpriced, like others says. Like Elon says: it's the cost of a material + labor. The labor is cheap in countries where they're produced and aluminum, metal, carbon is not that expensive. Can imagine it costs them no more than $1000 to produce a bike that they sell for $4000.
Material and labor is only part of it. There's also the expense of inventory storage and shipping, research, marketing, sales personnel, upkeep of retail stores, and so on. I suspect the profit margin on most mountain bikes smaller than any of us suspect.
Picked up 2022 SC Heckler CC MX AXS RESERVE for 42% off. From $14K to $8K.
Right away regarding Kona it made me think, if they can sell one bike and give one away for free, then how much are they making for a profit on the sale of those 2 bikes, or they could be breaking even. This then makes me think how much are they making on one bike without any special offers or a free bike added.
Also, it's possibly a well-guarded secret in the bike retail industry how much markup these bike brands actually make, I guess I will never know.
Here in the UK, we have also seen a big shift in the pricing of bikes, and especially e-bikes, with the cost of living crisis in the UK many are holding on to their old bikes/e-bikes. The second user market is struggling to sell bikes/e-bikes also. From the folks that I know of that have bought new bikes, they have all gone for financing, usually 4 years interest-free credit.
Regardless of how dramatic the discounts are, the manufacturers still make enormous profit...thus more evidence that manufacturers (of all products, not just bikes) have always stolen from others by grossly marking up their prices.
While we're conditioned to think and feel we've got a good bargain during a sale, the reality is they're till ripping customers off.
in europe Kona is not doing any discount....
The Kona sale is pretty wild, but Spesh coming a bit closer to real people prices for their outdated linkage is almost unremarkable. Sad to see GG go. I always hated the look of their full sus bikes, but that new hardtail was on my short list.
So you're saying I missed out on over paying for a mtn bike? I just bought my first full suspension bike, used . It was a custom built bike. The seller built it for his dad that never rode it. The seller used the Heller Barghest frame, which I know, they has since closed their doors. But this bike was loaded with great components. I figured if the frame turns out to be a dud I at least have great parts to swap. The carbon wheel set alone is worth what I paid for the bike.
I've seen a lot of good used bikes for sale at fraction of the cost. I guess these people selling want to take advantage of the new bikes on sale. For someone like myself on a budget and still newer to mountain biking, I scored a sweet deal on a used bike that appeared to be well taken care of and for what I use it for, Its probably more than I need however if I do decide to up my game a little I know the bike I got will handle it. The bike is a few years old and needed a brake bleed and a light cleaning, $1499USD brand new, I got for $500CAD so I'm pretty stoked.
ANY SALES ON TREK MARLIN 7 GEN 3 YET?
I don’t see a lot of inventory. I’ve been looking for a bike for the past month and it seems like six months ago was maybe the prime time. He referenced the Kona Bogo deal, but they have almost 0 bikes left for sale, at least not my size.
I bought a specalized turbo tero 3.0 reduced from €3400 to €2400 I decided to purchase it one morning and it had been reduced again to €1800
Such a bummer about GG.
Cool bikes. Unique carbon process. Everyone I ever heard talk about 'em loved 'em. It was my next bike, for sure...nevermind, I guess.
I wonder who is sitting on the intellectual property. There's GOT to be an existing manufacturer with an aging brand ethos who could retool their entire brand and appeal to a whole fresh batch of riders by picking up where GG left off all for the price of a couple proprietary machines and a pat on the back for the designs.
GT? Giant? Anybody want to take a chance on building me...and other people...a killer bike?
Comment above says that Canfield have GGs old stock. Maybe they bought their manufacturing patents? Most likely the former owners of GG will keep those rights and allow others to use that intellectual property under licence or start another smaller venture with it themselves?
That makes perfect business sense, so I don't expect a corporation run by business majors to do it. Wouldn't be dumb enough for them.
A friend recently picked up a 23 Kenevo for $4060 in Southern California! Brand new in store….Insane!
Top spec 2024 Vitus sommet for £2600 on Chain Reaction Cycles... Tenpted to buy but my bike is feeling great