Excellent video, no rambling, no sensationalism you just got right down to the point and with receipts! I showed your video to my brother and we agreed now is the time for me to get an e-bike as a disability has made me unable to pedal my regular road bike. So I am now the proud new owner of a Specialized Globe Haul ST which is my first ever ebike!
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.
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). ❓
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.
Supply is horrible. I can't find a single 58cm bike in my price range $1500. The only thing LBS have are XS and XXL bikes typically in the 5 figure range. Basically, the bikes that have low demand are left over in LBS. Perhaps I should just build a bike? Inventory has disappeared.
Yeah, the situation has changed a lot in the last six months. Old inventory is reduced, companies are cutting production, and retailers are only ordering bikes they have already sold or know will sell. The days of excess inventory are gone as nobody wants to get burdened again. The fact that a major brand like Trek announced a major 40% cut in production, is a good indication of where the industry is headed.
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!
Excellent video, no rambling, no sensationalism you just got right down to the point and with receipts! I showed your video to my brother and we agreed now is the time for me to get an e-bike as a disability has made me unable to pedal my regular road bike. So I am now the proud new owner of a Specialized Globe Haul ST which is my first ever ebike!
Good for you! The deals on e-bikes are definitely a once-in-a-lifetime opportunity. Thanks for watching.
But a 35% reduction on a 35%+ overpriced bike is normal price.
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.
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).
❓
80% is massively discounted, even by today's standard. I assume that's for mid to lower end components which are most over-supplied.
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.
Glad to hear it!
Supply is horrible. I can't find a single 58cm bike in my price range $1500. The only thing LBS have are XS and XXL bikes typically in the 5 figure range. Basically, the bikes that have low demand are left over in LBS. Perhaps I should just build a bike? Inventory has disappeared.
Yeah, the situation has changed a lot in the last six months. Old inventory is reduced, companies are cutting production, and retailers are only ordering bikes they have already sold or know will sell. The days of excess inventory are gone as nobody wants to get burdened again. The fact that a major brand like Trek announced a major 40% cut in production, is a good indication of where the industry is headed.
Great vid, but for someone so into bikes you might want to reconsider that 'Shimano' pronunciation! 😉 6:08
That’s pretty good pronunciation for me. You obviously haven’t seen my other videos 😂
Once again Mike, you've provided a lot of good info in you're video Thanks
Thanks for commenting…and watching!
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.
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!