As I’m sure you’ve seen, finding bikes is becoming harder and harder as 2020 moves forward. New bikes are cleared off shelves the day they land, used bikes are listed on market places for more than they were new, and bike companies say not to look for a change in this until early to mid-2021.
Right now I am getting 3 main questions all the time. I am going to give you my best answers at them and try to explain a bit about each one. Hopefully, once you read this you’ll have a better idea of what we’re looking at when it comes to finding a new, or new to you bike.
- Why can’t I find a new bike?
- Whether you’re looking at the big bike stores or a dedicated branded bike shop, finding a bike is very difficult right now. As I am telling everyone, 2020 was the perfect storm for the bike market. Covid-19 swept across the country just as spring “the bike season” came. You had millions of people that wanted to find something to do to get out of their house and bikes became the answer for many people. The bike manufacturers couldn’t keep up the projections for 2020 sales were down a bit from 2019, so many manufactures had fewer bikes available. In April you couldn’t find a new bike around here for under the $1000 mark, and I’ve recently heard that number has climbed to the $2500 mark. Sure there are many bikes out there for much more than this number, but the average person doesn’t want to spend more than a couple hundred dollars. The preorders for the 2021 year bikes are high, so you may continue to have this problem into next year for the bike shops, but something tells me that the big box stores will be stocked up for the holidays, just be prepared to have someone put it together for you.
- Why are used bikes so expensive?
- This answer also goes back to supply and demand. The number of bikes out there is scarce, so people that have one to sell are charging top dollar for them. This is because they are selling, and selling FAST. I highly recommend that if you don’t know much about bikes, that you find someone you trust to help you look at a bike before you buy it. I’ve seen too many times people overpay and still have to have work done to get it back to where it needs to be; that’s sad really. While there’s nothing that is going to bring the prices of bikes down likely for the rest of this year, there are a few things you can do to make sure you’re getting the best deal you can.
- Look over the whole bike. Know what you’re buying
- Test ride it so there are no surprises
- Take your time, but act quickly. Don’t jump on the first bike you find just because you found one for sale. But, when you do find one you like in your price range, act fast to get it in your garage.
- This answer also goes back to supply and demand. The number of bikes out there is scarce, so people that have one to sell are charging top dollar for them. This is because they are selling, and selling FAST. I highly recommend that if you don’t know much about bikes, that you find someone you trust to help you look at a bike before you buy it. I’ve seen too many times people overpay and still have to have work done to get it back to where it needs to be; that’s sad really. While there’s nothing that is going to bring the prices of bikes down likely for the rest of this year, there are a few things you can do to make sure you’re getting the best deal you can.
- Is this bike worth repairing, or should I just buy a new one?
- This one is a bit harder to answer in a blog post. My general rule of thumb is if it’s cheaper to repair the bike back to great than it is to buy a comparable used bike, then yes! The more expensive/high end the bike is the more it’s worth it to fix rather than getting a new one. What I usually would recommend is bring it to a respected bike repair shop and get a quote. Be sure to have him or her to go over all the work that will be done, and to lay out any possible complications that can arise. There’s nothing worse than thinking that you are going to spend X to get your bike fixed only to find out that you’re now
After all that you may be wondering what to expect in the future. While I can’t predict the future, I can use history to help me have an idea of what’s to come. I feel that for the rest of 2020 bikes will continue to be hard to find and expensive to buy used. However, I feel as we enter the 2021 riding season, bike manufactures will be flooding the market with new models and probably at a bit higher rate than they can sell them. This surplus of new bikes will create less demand and maybe even lower pricing. From there I feel that used bikes in the mid-range and down will start to flood the used market driving prices. So if you can wait until late spring / early summer of 2021, you’re more likely to find a good deal.
