Maxwell M. Addington
Fewer and Better Bicycles?The average price of bicycles sold by Canadian independent bicycle dealers rose by 23 per cent to $725 CAD, according to the Bicycle Trade Association of Canada.
By Maxwell M. Addington
Companies that supply bicycles to independent Canadian bike shops have reported an increase in overall sales for 2009, but a decrease in the number of bikes sold.
Combined with a 23 per cent spike in the average price of bikes that were sold to retailers, the Bicycle Trade Association of Canada (BTAC) says this indicates a trend towards consumers buying higher quality bikes in the independent bike shop sector.
According to data collected by the BTAC, wholesale figures from the estimated 90 per cent of wholesalers who participated rose to $174,250,644 for the 336,223 bikes sold.
The BTAC says the most significant rise in demand was for road bikes, followed by modest demand for hybrids. Whiles demand for hard-tail mountain bikes fell, wholesalers sold 23 per cent more dual suspension mountain bikes in 2009 than in 2008.