THE BICYCLE INDUSTRY IS STILL IN BIG TROUBLE

[@shus5787]

To the bike industry, Lower your prices and apologise for hiking them during covid

[@galenkehler]

💯

[@cup_and_cone]

It didn't happen after 9/11, and it didn't happen after the 2008 housing crisis, so there's no reasonable to think it will happen now. The reality is rider participation within the sport is still up overall, even if some of the new C0vid participants have dropped off, so growth is still there relative to 2019.

[@gb4408]

Everyone is paying for the development of disc brakes which are utter shit. How can Specialized rationalise that a SL7 frame is $7000 Australian. Or z S-works with Durace is over $20,000. Look at the development inherent in a YZF450 engine clutch and gearbox, or a ZX10 Kawasaki or GSXR1000. Mate the bicycle industry has priced themselves out of their own genre. Admit it, they're pulling us OFF. And look at the supposed SL8 it's all junk. So what will an S-works SL8 be $23,000. Huge jump forward? Same headtube issues! It's just a joke. Strawberry Hills has a red hot bar of steel and plunging it into their own eye socket. Now we have bikes that are 10kg at entry not long ago they would have been 8kg for $2000. They are forcing disc brakes on the community so everyone can pay the development costs for they're racing teams because they are a completely unfinished product. Utter rubbish.

[@tonyg3091]

@@gb4408What development costs are you on about man? It is not as if they fitted a revolutionary rocket engine is it?

[@frienduro24]

Food, electric and rent ect needs to lower too

[@georgecasals8341]

A full top of the line racing bike shouldn’t cost $16,000 that’s crazy pricing , it should cost somewhere from $5000 without power meter to $7000 fully loaded.

[@davidepetroni3137]

16000 is ridiculous but even 7000 is unreal. We just need human prices. If for me (a pilot without family, completely alone) cycling is expensive, a guy working in a grocery gets completely kicked out of the sport economically

[@mikekelly1771]

My 2014 carbon Roubaix with Sram force was $3,500 retail. Same equivalent bike today is $7,000 in Australian dollars. The industry is just taking the piss now and consumers are done with it.

[@vodizzzle]

@@mikekelly1771a 0.33l can of coke was also 69ct in 2014 now it‘s 1.29€ here in Austria. It’s not only bikes…

[@BarryJHoffman]

Gatorade was $1 for 32oz.. now 2.49 for 28oz

[@diehardbikes]

You haven't been in the bike industry for a while......

[@AC-lt5ro]

I’m absolutely LOVING these cycling sales as of late!!! Justice for getting raked over the coals the last 2 years during Covid…

[@the.communist]

Bikes wwere crazy expensive even before covid

[@hughjanus7354]

​@@the.communist 100%, people have short memories. I was buying a bike in 2018/2019 and not only was it difficult to get stock they also were stupid expensive back then already.

[@Bristecom]

@@hughjanus7354 They've been expensive for a while but it definitely got ridiculous when Covid hit. There were no longer any deals and almost everything had a shortage. I'm so glad I got my bike build done before 2020.

[@leslie7922]

Pre covid my e bike cost $3,099 nzd Post covid the same spec same brand retailed for $6500. Now it's "on sale" for $4500 but honestly that $2000 discount is still OVERPRICED. be wary guys, big discounts are there to lure you suckers in.

[@xieulong]

It's predatory. I've been watching prices. Seems to be go down slowly. I'm looking to buy, but I'll hold off until next year or longer. My 2013 Focus Izalco will do until prices normalize.

[@cupidstunt1975]

Sales EVERYWHERE in the UK, which is great, but only IF people are on the hunt for bikes. They aren't. I have every type of bike i need in my garage already. There's nothing in the market out there that i actually want to buy, and until prices have dropped by about 50%, i'll be keeping my ££ close to home.. The industry greed is coming home to roost.

[@jonathanellis1842]

@@willkent4759 Top end stuff (silly money!!) selling, but budget bikes (yer, pull the other one at £1500 for Tiagra!) not moving out the door. Some brands (The big Yank and Far east brands) seem to have no stock but some local UK and EU stuff seems like it has little more availability, in the size and colour way you want. It's the same old story, the bike industry has made the bike the new golf and is now looking at selling less bikes to a ever shrinking demographic of those who have the cash to spend, keeping profits the same (or increasing) via bigger profit margins on each unit-bike sold. The margins on low and mid price bikes are not profitable to them! It is a death spin to the ground, if it continues they will run out of rich to sell to who can afford the markup and then they will crash and burn, its not going to go well, if they do not re focus and start looking at bikes that normal people can afford!

[@hughjanus7354]

@@willkent4759 there are online sales of road/gravel/cx bikes of all ranges, even up to 45% off from what I remember seeing in the last 2 months - you just need to do the research.

[@ultimatelv27]

I'm still riding my aluminum bike that I bought for $1500 more than 10 years ago (more accurately 14 years ago). It's not how expensive your bike is, it's how much you are out there riding.

[@sultanabran1]

yeah this mentality is few and far between. i'm riding a 2013 alloy frame 26" bike because it's fine. but 99% of people don't think like that. they think the marketin shit they heard will make them better.

[@Omeiden]

Bike industry been stealing with their made up prices for the longest time, this is well deserved for them. You know for $16k you can get a really nice car or a motobike

[@Danilo-uc8lz]

A really nice car for $16k??? Where??? 😂

[@Omeiden]

@@Danilo-uc8lz maybe not nice, but still

[@ultimatelv27]

you mean a used car

[@CONFUCIUS-f2x]

Are you guys that broke???

[@Omeiden]

@@CONFUCIUS-f2x yes

[@davidkaplan5517]

Canyon is the only company that basically has somewhat fair prices. An integrated bike with electronic shifting shouldn’t cost $8000 on the bottom end

[@frienduro24]

And they lowered prices on some bikes.

[@davidkaplan5517]

@@frienduro24 you'd honestly have to be an idiot or a sponsored pro to ride a specialized tarmac at these prices. It's absurd to pay $6500 or more and have B level carbon and entry components. Canyon is legit one of the only brands that makes sense to buy right now assuming it fits you.

[@MsPietpaaltjes]

Dont forget cube

[@tombola4046]

They have a good spec and cheap for a reason, it doesn’t make them a good bike. Frame quality on some of the models is horrendous

[@MsPietpaaltjes]

@@tombola4046 not really true, even though not every frame is the same, canyon is known for good quality control. And even top brands like specialized have had more recalls then canyon

[@marcinstyle85]

Any bike that costs more than £6,000 is hell way overpriced!

[@quantumadmin]

I begrudgingly moved to 11 spd. I don’t need 12. I race regularly and ride 150-200 miles a week. I should be the target customer but the prices are ridiculous for a marginal impact.

[@GHinWI]

My prediction: the industry R&D cutbacks over the next 2 years will be a window of opportunity for chinese component and bike OEMs to catch up technologically, and, because they’re not supporting race teams and influencers, they’ll undercut pricing by a huge amount. 5 years from now, the current bicycle OEMs will be heavily consolidated, and maybe owned by chinese companies who make the product.

[@frienduro24]

Didn’t the Pro’s Closet price used bikes more than retail during prime Covid?

[@GCPerformance18]

Lmao I wouldn’t doubt it

[@BS-jb9wv]

They sure did!

[@nerigarcia7116]

There are deals out there. I was recently looking to replace a cracked frame and was able to find a deal on a complete bike for less than the used one I had my eye on. I'll probably swap out some parts with what I have already but it was such a deal that it made more sense to do it than by the used one. I think there are more deals on the lower spec bikes than the higher ones but even the top end models you can get a tiny percentage off these days. It's better than nothing. If you're not concerned with the best then there are deals to be had. 9:54 TPC isn't giving sellers that much of an offer. They are totally low balling them. I submitted a 2022 S-Works Tarmac SL7 with full SRAM Red AXS that I had for only a few months and they offered me $2800. I LOLed in their face and fold it for thousands more on my own.

[@GCPerformance18]

Exactly, the high end stuff is still in demand kind of right now. But the mid tier stuff is sitting and people are looking for cash. I heard the same thing about them with offers from a customer I had looking to trade in his pinarello dogma f he got like $4000 offer on a one year old dogma f

[@teunluijbregts2533]

Not just the bicycle industry but many more industries are in trouble. The trend is that work is under appreciated, while risk, branding, commercial overhead cost is over appreciated. The resulting prices make no sense and how is a consumer like me expected to understand why I am paying so much?? I don’t. Period.

[@chrisr3809]

Other retailers in different industries have already gone through this... over buying during COVID and then blowing out inventory (and in some cases flat out salvaging it) drove some big profitability hits after a couple years of record sales and profitability. I'd expect sales to continue into next year and pricing in the used market to also come down. Additionally, the big OEM's need to rethink their pricing strategy... entry level road bikes are outrageously expensive and they need to reassess the market and figure out how to reduce prices or offer competitive products at a lower price point. Sram and Shimano are complicit in this as well. Others have mentioned but it really feels like the market is being left wide open for mechanical/rim/easy routing segment to return.

[@ciscokidd1474]

But it's good for us not for them who wants to make money off of us It's about time we get more discounts going forward in our journey in cycling

[@DoNuT_1985]

No matter how management misjudges the market, in the end it's always regular staff getting laid off and not the heads being responsible for the mess. Yay!

[@jrt1045]

The same maroons that were running the industry into the ground before covid are still running things. It's a bro culture full of under-achievers at the management and the sales level

[@nerdyagriculture5034]

No Sales here in Austria or Germany. 🤢 Would like to build up a new Bike but when Ultegra DI2 costs you around 2000€ then you just go NO

[@Konzuug]

Hey look at r2-bike. Ultegra 12 speed complete groupsets are reduced to 1500. Also SRAM Red just went on sale.

[@nerdyagriculture5034]

@@Konzuug Not where i am. Prices for Ultegra DI2 1900 and no dicount at SRAM Red. Complete Groupset at 2900

[@hughjanus7354]

If you're you allergic to buying online then you can forget about discounts. But as Konzuug said, there are some heavy discounts on components and groupos online right now. Ultegra Di2 for 1399 (MSRP around 2599) is very much doable.

[@nerdyagriculture5034]

@@hughjanus7354 i already stated our online prices in our last post. A full DI2 12 speed groupset is at least 1900.

[@juanpadilla8808]

You are so right! Massive inventory but I am still not seeing the flash deals. Specialized dealers are still trying to sell 2022 Tarmac Comps for $5500??? Maybe $50 off! Same price as a 2023 tarmac shimano 105!!!??. If they want to move inventory, sell the damn bike for the price it originally came out, which was $4800. Only maybe I’ll buy that one instead of all these dealers with inventory. Great job on your channel as always!

[@GCPerformance18]

Thanks so much. Ask your specialized dealer about the 2022 sl7 expert. They have deals on thoses right now

[@colehaans2863]

@@GCPerformance18where?!?

[@KosmicHRTRacingTeam]

Exactly what I am seeing. Was considering a used Turbo Levo and looking to spend around $4k. Now you can buy new ones for close to that. Many people selling used bikes don’t know what is going on and trying to sell used stuff for almost as much as new.

[@GCPerformance18]

turbo right now are super discounted i thinkt hey have so many of them and u can get nice deals right now

[@LukeGJPotter]

My brother in Christ, please get an Ad Blocker for your browser. How can you even focus on reading, with all the flashing?

[@tengamangapiu]

I haven't upgraded my Cervelo S2 because I'm not looking forward to hookless rims (seem more dangerous that having a hooked rim) and also not into disc brakes (I'm ok with rim brakes and would consider direct mount rim brakes).

[@jeffreydy6467]

Love GC. Always honest unbiased reviews and opinions

[@GCPerformance18]

Thanks so much!!! :))

[@plain-bagel]

Layoffs are always unfortunate, and I feel bad for those affected. I'm wondering how the overstock applies across different types of bikes. For example, Specialized blew out its mtbs this year but I haven't seen any sales on the Crux. So unless I missed the sales on gravel and road bikes, it seems like Specialized had way more overstock for mtbs than other types of bikes.

[@bobfoster687]

These are not layoffs, they are firings. The term layoff was used back in the 50s and 60s. The automotive industry introduced new models every year, unlike today. The factory workers were layed off while the tooling for the new years models were installed. They were then brought back to create the new year models. Those were layoffs. What’s happening today in the bike industry are firings.

[@andypaul999]

Crux on offer in EU, discounts not as high as diverge though.

[@markhales5441]

Even if you could afford to pay the ridiculous prices being demanded these days you might, like me, simply refuse to be ripped off. I would feel like an idiot shelling out car money on a triangle of carbon, 2 wheels and a groupset. What makes things worse in NZ is that even if you badly needed an SL7 there are none available. It feels like a lot of high end goods manufacturers these days are adopting the Rolex model. Make something unobtainable and desperate and some people will pay anything to get their hands on one. If it's really true that the wheels are falling off of the industry, great. Greed never pays.

[@colehaans2863]

no SL7 framesets have been available online from Specialized since the beginning of the year.

[@ultratrailblazers5806]

Those pros closet bikes are also broken frames (that sworks, others), fixed by carbon works

[@GCPerformance18]

no way!!! is that real? that would be shitty if that is not disclosed

[@mikekelly1771]

My prediction is ten years from now people will only go to bike shops to buy their first bike, or their last bike. Everyone in the middle will be buying Chinese products direct online.

[@darrengarvie8832]

I was talking to a bike distribution center in the UK (Halfords) and there is no stock at all.

[@GHinWI]

Strange QBP & Pros Closet citing “high inventory” as a cause for layoffs. These companies are warehouses, not manufacturers-they should need MORE staff in order to clear out the inventory, not less staff. “Low sales” makes sense for a warehouse/distributor to cut staff, not “high inventory”.

[@fgiraffe8751]

Just made the same comment before seeing yours. Why are they so afraid to say "low sales"? Who do they think they are fooling?

[@andreemurray7039]

The price hike is unreal and a couple of suppliers have gone bust some tyres are over £60 why ?

[@michaelglidewell1524]

So they're laying people off AND they're reducing their shipping speed, seems like a negative feedback loop to me. For those that had to deal with high prices and extra long shipping delays on parts to keep our bicycles functioning during the pandemic, it's not the prices so much now as it is the time to get an item shipped. I'd pay extra to get the part to me quickly because I just want to ride my bike.

[@choof_worm]

Lower the fucking prices by 25% and kit will start flying of the shelves. Someone is making a fuck load of money and it ain't local shops or local distributors.

[@VideoPresence2020]

It is an industry pricing itself out of business. The industry is also making product with too many brand specific component designs. That alone will reduce sales of components that use to follow after the initial bike purchase.

[@walterramos1054]

Everything is overpriced in the bike industry right now ridiculous price in everything

[@marcinstyle85]

I bought my bike in 2018 for 4000$( Full Ultegra , carbon wheels/ frame) which is crazy money already , however same model with similar spec., today cost 8000$ wtf no thanks Bro.

[@prasad530]

What brand? Was it Di2?

[@hughjanus7354]

@@prasad530 must be Di2

[@chadkline4268]

I have been looking for 6 months for a crankset, 68mm, 110 bcd, 40t chainring, chainring guard, 200mm crank arms. And I have only found 2 places that will custom make this for $600. I have nothing but 4 letter words for the bicycle industry. It's ill. I ought to be able to buy these things at any bike shop for $200 without any hassle or problem.

[@AndrewSmyk]

The Trek Roscoe 8 and 7 have been on sale since the spring, but why no price drops in the Roscoe 9?

[@GCPerformance18]

probably the mid tier models are less selling right now where the 9 is more wanted by people who have money

[@al-du6lb]

I would love to know how other retailers, not just bike retailers, are doing right now.

[@iDarkXY]

which surplus? waiting for my canyon aeroad for over 7 weeks 😢

[@GCPerformance18]

lmao canyon

[@antoinepageau8336]

I spoke to a few local shops with popular brands. They both confirmed that sales are very slow this year. When asked about getting a better price for anything with 105 or e shift, the answer is no. I’ll wait t’il I see a better deal come up.

[@GCPerformance18]

yea thats the sam,e for us over here buttttt if you asked us for deals we are in business to sell, so we are there to move product and tuurn inventory lol, come on down

[@GHinWI]

@10:00…who the heck is paying $4800 for a 6YO bike? Bicycles wear out-the drivetrain on that thing is likely near to needing replacement, which would be ~500$. Brakes at minimum need the fluid fully flushed which is a PITA (frankly, I’d rather just throw them away and replace)-brake pistons could be sticky. Good chance it’s got a press fit BB & the bore is worn out, so the cups creak. etc., etc. I’d just pay a couple thousand more for a mid-level new bike which would be better in every way. That Pros Closet business model never made sense.

[@hughjanus7354]

Fluid on a rim brake bike? What is man smoking?

[@GHinWI]

@@hughjanus7354 : rim brakes on a $4800 bike?!?!

[@hughjanus7354]

@@GHinWI let me ask you, were you asleep when you was watching this video? That's the only reason I can think of why you'd be surprised that the bike shown in this video, in the timestamp you quoted, was a rim brake bike.

[@justaletdown]

They pushed it all towards disc brakes and fully integrated aero bars+frames with only electronic shifting. Mix that together with the covid pandemic so this made it "reasonable" for the bike industry for prices to sky rocket. The simple and light (out of the box 7.5kg) carbon superbikes of around $3000,- like the tcr, emonda and supersix dont exist anymore while those bikes ride WAY better than those 8.5kg $4500,- bikes. It became a joke. However those "old" super bikes now go for peanuts second hand.

[@the.communist]

No for peanuts ( dont repeat DR), but second hand is the way to go.

[@uhis1686]

Ive got a 12 year old madone with 10speed force on it, my first real roadbike. Had some issues but that stuff was money well spent. If id want a newer carbon bike with mid level electronic shifting it would literally be about 8 to 10 times more expensive

[@GCPerformance18]

more and more do I see companies offering blow out deals on products to make room for new products, there is such a surplus of inventory not just in the bicycle industry but in the world right now and with the economy as slow as it is, I dont see it getting better for a little bit longer. Let me know what you thikn

[@uhis1686]

If the bike industry in the "west" doesnt change the next few years you're gonna start seeing a lot of people riding chinese carbon

[@GCPerformance18]

I don’t think so to be honest. I see both sides. The KZbin world is def more Favored to the cheaper side. But my store sales are all high end people with a ton of money who just want new

[@uhis1686]

@@GCPerformance18 damn that's crazy. Awesome to see these videos from you

[@tammydore8574]

Time for big sale. We will buy. I just bought new Lynksey for $3700 on sale. Regular price was over $6000. Need good price on mountain bike now.

[@GCPerformance18]

thats very nice price

[@Omnis2]

10 year old carbon bikes are just as good as the stuff coming out now. And if they aren't, the new ones sure ain't $6,000 better.

[@jamespmorganjr4276]

Manufacturers and third parties definitely are feeling their artificially overinflated prices based on the pandemic economy of lack of parts and frames. Once the pandemic was over, they kept their prices overinflated. It is definitely time for prices for components, frame sets, and complete bikes to come down to realistic prices. They literally were pricing the majority of cyclist out of the sport!

[@GCPerformance18]

yea I been saying this for a while they kept this mindset as they are never going back to how it was, but now they are stuck with all this product and now the people who made it are lowering there price and literally loosing money because they own the inventory

[@Captinfun101]

I’d love to know the actual mark up if a top tear frame , top tear group sets, top tear wheel sets. The price of things now are just ludicrous. 22 thousand ( aud) for colnago c68 super record bora ultra. I’m tipping it’s no more than 3 grand of product. It’s just rude.

[@GCPerformance18]

for us there is not a big mark up, but there is levels ot everything, these big companies need to pay, factory costs, paint costs, distribution costs, material costs for packaging, ewmploye cost for designing frame, testing product, workspace, wind tunnel, marketing... retailers there is a lot of people to pay for and hten a team for customer support

[@colehaans2863]

Im trying to figure out where these sales and excess inventory is for big name brands. For example , you have absolutely a few hours to buy an full SL7 Tarmac before they sell out online from Specialized, and no chance of finding a non-Sworks SL7 frameset because they have been out of stock for a year (except for the one ugly ass gloss lagoon color that was available but sold out quick). I know the SL8 is going to drop sometime this year, but if there is so much inventory out there, where is it? or does this not pertain to road bikes? Also, road bike prices are obscenely high, higher than I have ever seen them. Something doesn’t make sense.

[@hmcdonnell23]

I'm considering a Cervelo S5 Dura Ace build. Zero discount so it's costing me $13k plus shipping. Thankfully, no sales tax at least.

[@reinholdachleitner2069]

$13k😳

[@wstcst_]

Go to any shop that sells Cervelo and ask for a hookup. Most shops are slow right now and it could be a win win situation even if they don’t get the full MSRP.

[@atgnicyclist]

I wish they’d overstock on the Scott Foil RC! I want one soooo bad!

[@Datboyvideo]

Love the channel! I do believe you might have over-estimated how much Pro's Closet offers people for their bikes. Would be interesting to see a video where you submit anonymously a few bikes to them, and react to the offers they send.

[@GCPerformance18]

right now I know it is very low, very very low. even right now they are not buying bikes only offering trades for purchases., but during covid times I would use htem as a tool to make new sales and the trade ins for the bikes were amazing, like close to private seller deals because there was such a lack of inventory similar to car companies buying used cars for over sticker

[@Konzuug]

I see Sram Red being sold at all time lows at my German online retailers. Pretty sure they want to get rid of it before the new stuff drops this year

[@gregoryreyes9941]

I’m looking to get a cyclocross bike and they are already marking some of them down and a lot of them. Have 0% financing through Klarna and all these other financing buy now pay later. I’m going to wait Q4 to buy. I think it would be a lot of markdowns later on.

[@GCPerformance18]

yea I do think they are going to have more mark downs

[@hockysa]

what I don't understand is why the prices keep increasing if there's a surplus.

[@GCPerformance18]

so thi syear all the new bikes releasing are either the same or cheaper then last years bikes, but you will see a lot of old stokc bikes heavbily disocunted you will not see fresh released stuff discounted right away

[@hockysa]

@@GCPerformance18 I'm not seeing the heaviliy discounted old stock in Europe. Looking at UK and Spain but maybe i'm not looking for the right things.

[@DamienClarke2438]

No easy answers here.There are casualties on the sales and consumer sides of bicycle industry.

[@JFomo]

Theres plenty of deals where I'm at it's just I can't afford these deals.

[@the.communist]

"Deals"

[@koukimonzta]

Dont buy a bike in 2023-2024. They will be forced to discount them to 40% off 😂😂😂

[@GCPerformance18]

lmao

[@creekboi7]

I bought a carbon stumpy for $2k below price. Pretty much same price as an alloy version with lesser specs. It sold out quick.

[@rg807]

A KTM 450 Factory Edition costs around $11K. That's a super sophisticated, fully suspended, motorcycle, with a race motor and programmable electronics.

[@tomastorres7497]

Do you have access to a tarmac sl7 expert with rival AXS in satin carbon/white colour? Looks like a great build but can’t find it anywhere in Canada to see the colour ! Thanks!!

[@ilidiofaria]

Here in Europe is very difficult to find stock of Shimano components. In the last 3 years I’m only buying from the biggest online retailer Bike Discount because they have a nice feature in their website that warns us when the product is again available.

[@hughjanus7354]

Tf u on about? You can get almost anything from Shimano in Europe right now and have been able to for the last 6-12 months.

[@ilidiofaria]

@@hughjanus7354 yesterday I asked for an EP8 motor. Delivery: October 2023.

[@bimmerfan729]

I'm surprised TPC is even around still. I always say, why by a new bike when you can buy a used one a new bike prices!

[@diehardbikes]

All these folks saying 16k is too much. Yes i agree. For the vast majority of people, you dont even need bikes like that. Once you get to around 7k, then you get to more marginal gains. Most people wont get better after that. So 16k is ridiculous, for YOU. I would agree. Also, welcome to stupid voting.

[@hughjanus7354]

7k is ridiculous for what you get at 7k in 2023. That's the point, not that people don't want to pay - you made a stupid mistake assuming that just because someone doesn't want to pay ridiculous prices means that they can't afford it.

[@fjskj6529]

This is not being felt in Canada. As a result, someone like me is less likely to support a LBS. I recently bought a frame and groupset from an authorized dealer in Eastern EU and still saved money after all the duties and taxes I had to pay. Warranty? They have coverage here through an authorized dealer It's greed.

[@GCPerformance18]

I heard Canada is still have inventory issues too like finding parts.

[@fjskj6529]

@@GCPerformance18 Based on experience, I had no problems finding SRAM parts although I bought from various LBS with a website. Unsure about Shimano

[@ADVRaiderKTM]

Are there any good deals on electronic groupsets?

[@tombola4046]

It’s a crap time to be buying components, I’m waiting to order a new sram red chainset but why buy now and pay full retail for something that’s on the verge of being updated! I either wait and buy the newer version or buy the older when newer released on sale. So much Sram force D1 in retailers not moving as D2 arrived in the scene when shops had overstock of D1. It’s a crazy time to buy right now

[@einzwei3364]

Same with car or putyourdesiredindustryhere. Management wants to sell only models with large profit margins. E.G. only ultra high end bikes with highest tier components. Everbody would want to have a premium bike but only few can afford them. Industry needs to sell more decent entry level and mid tier products. And no, 3000 bucks is not a good entry level pricepoint for non-ebikes.

[@ticorsolano]

Right here sitting and waiting for a crazy sale on MTB wheels LOL. By the way Grant, you are ok with your dyslexia dude, that is ok, don't worry if you mess up you don't have to apologize everytime! Great content as always!

[@dsonyay]

I bought a BMC Roadmacine Three a couple weeks ago for about 25% off from Macks Cycle shop in Miami. Ultegra Di2 12 speed. Yeah.. ida biugjt from you but you never replied to my posts about where your store was located. LoL So anyway.. whats the deal with the lead weight of a wheelset they attached to the frame. Its an allot set of wheels (bmc branded) with 28mm Vitoria Rubinos. Man I need some light wheels on this bike. Good video

[@hughjanus7354]

If you don't know in 2023 how to locate a business without having to ask the owner, I'd say Grant should be happy that he dodged a bullet.

[@johnlowkey359]

Predicting a surge in E-bikes in the next year. If prices drop as tech becomes less novel, and consumers realize their e-bike-shaped-objects are shite, sales will grow. Its just a hard sell for the uninformed consumer to shell twice the price for products they believe are comparable. Q's closure and layoffs blow. I love that company, and I wish their brands carried more market power, but again, customer looking for a commuter will get an FX or Cirrus over a Preamble or Journeyer.

[@williamholland5429]

Specialized is discounting mountain bikes but not road bikes

[@jonniepalmer]

But it seems like only yesterday since you couldn't get a bike due to lack of stock. What happened?

[@strider7008]

I hope the industry crashes. I bought a big name big in 2020, waited a year for it to show up. The 2021 version of same bike was $700 more with lower grade parts.

[@tombola4046]

Great honest video very informative, keep it up bro

[@02SCDC5]

been looking at cervelo s5 dura ace d2i still sold out at $14k !! why is it $14k :(

[@fgiraffe8751]

I understand the TPC layoffs. I do NOT understand QBP. I feel like they are trying to sugarcoat it somehow by blaming it on excess inventory. Isn't "excess inventory" really an issue of "insufficient sales"? Are they afraid to say that?" It has long felt to me like QBP has an absolute monopoly on North America's bike parts distribution. This might make life easy for the manufacturers and the bike dealer network, but it kills competition and does not serve the consumer.

[@GCPerformance18]

they were taking all there profits and expanding into new warehouses and buying product like covid times were never going to end

[@sjammer]

I recently purchased a set Royal Aplinist CLX’s wheels for 50% off.

[@OJLJ_]

Probably the most informative channel for the cyclist. And the unbiased reviews love your content. Amazing job!

[@GCPerformance18]

Thank you so much!!! That means so much man I try my best, i wish i had more editing skills

[@OJLJ_]

It's ok man take your time I'm sure you'll improve as you go along don't give yourself too much stress on that. It's the content that you're providing, it's on point even my LBS in Singapore had seen your videos and they totally agreed with your points and what you had said business is slow etc. P. S. Really hope🤞 SRAM will start to sell their products to consumers direct if they wanna clear their stocks🤣

[@Christian-pw5ws]

I loved the video and your insight and opinion, but can you please install a ad-blocker to stop the flashing banners? They are not contributing anything good for the video.

[@jackryan2135]

Price's are just insane these days.

[@mracer8]

I could use a Colnago or a Canyon bIke is they go on a 88% off sale!

[@robertfalcone8794]

Time has sales right now. Like good sales. I've never seen that before. Too bad my dog just had his ACL done 😢

[@kimwarner6050]

GC we need a video on the new power with mirror saddle. It came out 2 days ago and haven't seen anything about it

[@simpledude5974]

Just ordered a canyon aeroad cf slx etap for a good deal

[@repentordie3907]

@@diesel9677😂😂😂😂😂

[@OM-sb2bd]

TPC: “We can no longer rape our customers by charging new MSRP+ prices for used bikes. It was good while it lasted.”

[@GCPerformance18]

yea I think pros closet and all thes epre owned bike companies are hurting, there are so many of them that opened up during pandemic time that thought they could do no wrong bby buying everything now there is so much competition and they are selling agasinst big name people who have new inventory for huge sales

[@edwarding4355]

The Canadian version of The Pros Closet is out of business. i am guessing they bought peoples used bikes planning to reselll at higher prices during covid. The couldn't sell and went to zero cash flow and went broke.

[@GCPerformance18]

That’s crazy. There are local companies around us as well I think going through the same thing. I think pros Closet right now is too big at the moment. But if they keep sitting on inventory it will be bad

[@edwarding4355]

@@GCPerformance18 , the company is CyclingAvenue. In April, I asked for a quote for my used parts, but they said they were not taking inventory. (I kind of knew what was happening) Then after seeing this video I checked their site and it says out of business.

[@lcisso8584]

Because of COV19 prices were all time high and big brands are using this to pump up their new bike price which so overprice for carbon materials which we all know it’s cheap.

[@lukewalker1051]

Unless you race for a living, the consumer doesn't need a $10K+ bike. Its not even like the overinflated car industry. Most people need a car. A bicycle is an elective purchase. I don't like electric shifting, integrated handlebars, press fit BB's or disc brakes on a road bike. I don't have any trouble keeping up with riders overpaying for products with little value added.

[@GCPerformance18]

thats what I try to mention, all this stuff is basically not needed, it is a hobby. So when it comes down to it, no one is making the people buy the expensive stuff, the people who are either have boat loads of money or are smart with there money and this is something they love to do, I know people who are addicted to alcohol who throw this kind of money at booze over a couple months. so if someone is spending more money on a bike that is going to make them ride more and also enjoy the sport, give great mental therapy and also a boost in physical health I think it is something that is not crazy at the end of the day

[@hexray715]

I just bought an Aethos Comp brand new for just around $4600 lol. Hope wheelsets get discounted the same

[@colinmadbeast]

Doesn't that retail for $4200?

[@hexray715]

Retail is higher here in asia. Much higher depending which specific country in asia. Expert price for comp specs here in my country

[@jameswillett118]

In august 2018 I purchased my sworks Venge

[@ralphkeith2905]

After sitting on the sidelines waiting for prices to drop, last week I took advantage of Specialized's 35% price reduction on the Kenevo Expert.

[@gregoryreyes9941]

I had to re-watch this video because I’m looking at bikes and they are going to have to be giving them away here in Q4. With the cost of energy and food rising people will not have discretionary income to spend. Gonna be picking up some very nice bikes.

[@qibble455]

I remember a video of yours back in 2022, Didn't you warn that this situation would be coming..Post covid slump?

[@GCPerformance18]

yes and it still is not full form either i am afraid

[@qibble455]

@@GCPerformance18 I hear ya, I feel bad for many of the LBS's in my country too:(

[@keithdougal3581]

Is it a post Covid record low or a pre Covid record low? If its post then surely that was expected?

[@cup_and_cone]

Nailed it. There are still more riders today than pre pandemic, and there will be more next year. The sport hasn't stopped growing in over half a century...

[@911sareforever]

OK let’s see what the issues are one there hasn’t been a huge change to bicycles in the last 10 years or so I would say if you have a 2015 mountain bike that was progressive back then you probably still don’t need to change it to this day. Then you have rode bikes they’ve been trying to shove the idea of everyone needs disc brakes now and if you need a new route road bike like why not but if you have a 2010 bike, maybe you buy wheels you’re fine. The people who buy the top tier bikes they buy them every year. They just don’t care you know what I mean it’s fu money. But the people use this stuff every day it’s hard to validate what’s been coming out for mid to your bikes now that they’re costing more than a top to your bike to 10 years ago

[@lynyrdskynyrd9742]

Who the hell can pay over ten thousand for a bicycle... That is just insane. So yes he bike industry is in trouble ultimately.

[@davidburgess741]

Bikes online. Out of business, just waiting for value of their inventory to go up? They don't return phone calls or Email. Sold out? They're still advertising online. Customer service is no problem if you don't sell any bikes?

[@GCPerformance18]

yea I thikn we wil see alot of this, people trying to squeeze out as much money as possible before they go under

[@qingyuhu]

Greed knows no bond........till they can't sell their crap no more. Everything is way way over priced!

[@cosmostrek2001]

easy answer. drop prices by 75 percent. they all make their products using cheap labor. stop price gouging everyone. people are just show rooming bikes. then buying the used version.