BOULDER, Colo. (BRAIN) — Bike shipments to dealers were off 5.6 percent through July, or 77,329 bikes fewer than the same period last year. But there was good news: dollar business was up $43.4 million to $667.5 million year to date.
The higher price of e-bikes, full-suspension mountain bikes, and drop-bar gravel road bikes — all of which were up in unit shipments — help explain the growth in dollar business.
Through the first six months, shipments were off only 73,795 bikes. July on July comparisons show a nearly 2 percent drop off in bike shipments.
Shipments in July were off in many categories, including lifestyle/leisure (down 9.8 percent), mountain bike (down 3.8 percent), road (down 3.7 percent) and transit fitness (down 12.5 percent).
Still, suppliers shipped more BMX (up 118.7 percent), “other” (up 107.5 percent) and youth bikes (up 2.7 percent). The “other” category was bolstered significantly by e-bikes, which were up 147.8 percent in units and 149.1 percent in dollars for July.
While mountain bike shipments, in general, declined, suppliers sold more front- and full-suspension 29ers to dealers this July than last year. The …read more