Is the bike industry still in crisis? Last year, we spoke to an industry expert. One year on, have things gotten better or worse? Is the industry back on an upward trend, about to make a reversal, or is it still in free fall? Dan and Si find out. Plus, they discuss electronic cycling shoes, Ford e-bikes, cross-country mountain biking, and broken climbing records!
00:00 Welcome to the GCN Show!
00:43 New KOM on the world’s most popular Strava segment!
01:49 World’s most expensive saddle bag on sale
02:05 Update on Lael Wilcox’s round-the-world ride
02:47 Is the bike industry still in trouble?
03:42 Is the state of things getting worse?
05:37 What’s enough to get brands through?
07:51 “Self-inflicted pain” by the industry
11:23 What do we make of that?
13:12 Cycling Shorts
13:19 Ford’s new e-bikes
14:06 Killian Jornet’s Alpine climb
14:42 Mt. Washington Hill Climb
15:20 People in England are cycling less…
16:49 Shimano Experience Center has had 6 bikes stolen
18:08 Cycling News
20:08 Shimano’s self-adjusting cycling shoes
21:04 CHPT3 Transit Shoe
22:10 Check out our new limited edition AGU cycling jerseys! 🎉
24:17 Hack/Bodge Of the Week
32:09 Caption Competition
34:28 Comment Of The Week
39:51 This Week On GCN
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Are bikes still too expensive? 💰 What’s your take on the state of the cycling industry? 🤔
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44 Comments
What’s your take on the state of the cycling industry? 🧐
33:18 Ben OConner watching his Vuelta lead vaporize…
Regardless of the high prices for new high end bikes everyone benefits from the trickle down effect as the newer and more functional groupsets work their way to the mid range and below. These days we are not held hostage by shops that only carry high end. Excellent lower-priced bikes are all over the net.
The main issue facing the industry is that many of the bikes bought during COVID are now flooding the used market, often in near-new condition. With so many great options available at half the price, there's little incentive to purchase a new bike. Technological advancements haven't made a significant leap either. The only noticeable difference might be an extra gear or the occasional internal cable routing, but these are changes most everyday cyclists won't even notice while riding.
Everyone talking about bike prices…. I'm still on the recital termometer
This episode has enough instances of me chuckling through my nose to deserve a like👍
I think its a combination of good quality bikes and very expensive bikes. Cant buy a new bike every 2-3 years
So the high prices have nothing to do with 40/50 percent profit margins? People are not stupid and this guy is full of BS.
If my recent experience of bike shops apparent unwillingness to sell, inability to give advice and utter lack of response to simple enquiries is anything to go by the industry must be very healthy. That or they’ve taken lessons from the motor trade in how to treat paying customers like dirt.
I wanted a road bike $1700 plus pedals, shoes, and on and on. I bought a hybrid bike for $600. It came with pedals.
Simon, the UK isn't anywhere on the humid!
A bit sad that the industry is looking at a return to 2019 sales as the recovery target. If we are building all this bike infrastructure and expect governments to maintain it, we need ridership to increase. That only happens if bikes are affordable for the target audience. We need a lot of $250-500 bikes to be sold and used or you can expect all those bike lanes to disappear.
nope the shill channels like this is on crisis
#Captioncompetition Ben O'Connor is on cloud 9.
The prices have shot up drastically over the years to finance the warranty claims. Companies make the money to stay in the green and if needed to warranty something, the consumer ends up paying for it
20:11 you what?! pAtent? What next from a Brit, tomAto, get-go….. ? 😉
Looks like Dom has already went and got his KOM back smashing Rory’s recent effort by 13 seconds!
Hilarious.
yeah not the best right now but atleast there are some good discount products.
Yes ,because they pushed disc brake scam. I refuse to take part now. Screw them.
You guys are all shills… the bike industry isn’t broken when they’re selling $17,000 bikes. They don’t need to worry about the poor or the middle-class anymore. The industry sells $400,000 worth of bikes to one team on the tour and that’s not all the extras. They’re making plenty of damn money. And then you have all these rich people in New York and they can afford to put on a credit card $17,000 bike. Rim Breaks for life industry.
What's the amount of stock? People are not buying because there is no model or frequently – desired size. But this should lower the price for other bikes in stock, right? There are too many bikes in colors and sizes that most new buyers don't want. And you can always order bike you need to be built for you, so will shops have a desire to have a lot more of stock when now they can. make a better margin with paying less for space?
I think they would not want to.
Bikes are very expensive, especially those on sale. Plus, regarding "previous season" bikes on sale, people already saw long-term reviews on some of them and don't want to pay a lot of money for bikes that have some constructional faults, probably fixed in newer model.
28:50 Si sounds as if he's as scared of baguettes as he is of cows! 🙂
The Decathlon hidden-cleat-mounting shoes are great for the pub, and I challenge anyone wearing any shoe to drink as much as my mate and I do after cycling on a Sunday afternoon.
Bikes are expensive. Bought a really nice Cervelo in 2016 when I came into a little extra money, and it's served me well ever since. Why would I buy another any time soon?
Cycle price
Absolute nonsense. Due to the prices people are making their kit last longer. And just like every other industry during covid they were/are profiteering. And people who buy the 10 grand bikes genuinely aren’t worried about pricing.
They have no idea what the average of cycling is in the uk. Gov manipulated nonsense
Caption competition:- Remind me again who's great idea was this
Seems odd that the apocalypse is discounting a bike, which is still at least 50% more than the same bike 5 years ago.
Paying in the range of 5 to 6K USD LBS EUR for a mid 8Kg range bike and 8k and up for a top end one might have something to do with it. Pricing is just nuts!!!
Nice Kit. Why is the traditional red/black color scheme being ignored for Opulant Orange? When we wear GCN kit during events, do we receive royalties for advertising for the channel? I have a 2-day event coming up at the end of the month.
Once waxed, the drive chain is essentially maintenance-free (rewaxing aside). Spray off the dirt, etc. and away you go.
Baguettes is the worst cycling refuel ever. Empty cards and their size are prohibitive to eat while on the bike.
I miss GNC+!! OK. I have a Moots RSL from 2017. Mechanical Rim Ultegra, Mavic R-sys wheelset. $8,000, $9K with Ti stem and post. Now Moots wants $16,000 for the Ultegra Di2 disc spec'd CRD with ENVE SES 3.4 wheels. The EXACT same frame. So pay $8,000 for electronic shifting, disc brakes and internal routing on the exact same frame? That would be NO. I now have a forever bike because the industry has lost its mind.
I'm not as concerned with the state of the cycling industry as I am with the State of GCN. Many presenters asking for Likes have alluded to financial challenges now that the channel is private.
Rectal thermometer? Nothing goes up the duke shoot!! Nothing!
Caption Contest: Ben O'Connor "I can't see Roglic taking this jersey from me! – no seriously I can't see him"
Have either of you ever cut the grass? This is dangerous times 10!
#captioncompetition
With O'Connor's head in the clouds, can he see Roglic on his tail?
Why include "hacks & bodges" if neither presenter is the least bit mechanically inclined?? After countless GCN Tech vids on chain waxing, Si & Dan still can't wrap their minds around a seemingly simple practice.
Did anyone else think that Si said 4D bikes?
I see a lot of people in the comments seem to think GCN has a lot more sway over customer buying habits than they actually do…