Second hand bike prices.

[davidphilips]

Is it just me but have seen lots of good looking bikes for sale this last few weeks at rock bottom prices, some road bikes for as little as £60, even a few commuter bikes that look in fair condition for £20.
Could this be due to the cost of replacement parts? Parts are soaring in price, Have been old of a club cyclist that bought a used bike just to take the tyres and tubes of it and scrapped the rest, sacrilege hate to even hear of a reasonable bike getting scraped.

 

[Squirrel Chaser]

People are lazy and just try to get a few quid for scrap these days

 

[Gillstay]

Too many bikes sold during COVID now sat unused. Also from the amount of people going past our house it seems less people are using bikes than before we all went out for a bit of exercise. So much for that big change that some media people thought would happen.

 

[Squirrel Chaser]

Too many bikes sold during COVID now sat unused. Also from the amount of people going past our house it seems less people are using bikes than before we all went out for a bit of exercise. So much for that big change that some media people thought would happen.

I live by a trail woods. There's hardly any users there now so the dog walkers have started venturing into the cycle areas...🤬

 

[CharleyFarley]

I just managed to sell my Electra (not electric) cruiser for $225 (£182). I paid $564 (£458 including tax) for it, then added $50 (£40) fenders. Also put a new crank set and freewheel on it because the Megarange freewheel it came with was intended for mountain bikes. A new crankset because the chain ring and crank arm were one piece; I needed a smaller chain ring.

Had 186 people look at it. The first three were scammers. The reason it took two weeks to sell it was, I think, because of the number of box store cruisers for half the price I wanted. People tend to not think about quality when they make comparisons. To most, a bike is a bike is a bike.

I gave the buyer the manual for it, and hadn't realized that Electra is a Trek product. Altogether, I spent $684 (£555) on it. But I had put over 4,000 miles on it in just over three years. I hope I'm done buying bikes, now. I have the fatty and the new step through to keep me happy. At the age of 77 I very much doubt a new bike will be coming my way unless Santa brings it.

 

[Cycleops]

Sharp rise in the cost of living, energy etc
Downturn in the economy.
Scumbag thieves offloading their stock, fewer buyers.
End of summer.
Too many bikes bought during COVID doing nothing.
Households trying to make ends meet.

Take your pick.

 

[All uphill]

I asked an acquaintance why they are selling the bike they bought new in 2020 after barely using it.

"I didn't realise how hard it is to ride a bike"

That lesson cost them around £500.

 

[Ming the Merciless]

"I didn't realise how hard it is to ride a bike"

Eh, did they not learn to ride a bike as a kid?

 

[All uphill]

Eh, did they not learn to ride a bike as a kid?

Probably, when they were slim and fit. When you've spent years being sedentary it's not so easy to ride a few miles.

 

[albion]

I asked an acquaintance why they are selling the bike they bought new in 2020 after barely using it.

"I didn't realise how hard it is to ride a bike"
That lesson cost them around £500.

That is the norm and why electric will eventually take most of the adult market.
It also means we now likely have a glut of good second hand bikes.

 

[Squirrel Chaser]

That is the norm and why electric will eventually take most of the adult market.
It also means we now likely have a glut of good second hand bikes.

I have an electric bike and it's the least used of the fleet but does have its place...

 

[albion]

I have an electric bike and it's the least used of the fleet but does have its place...

Yes, but you are a cyclist, and able bodied too.
News just in is that Wiggle has lost its finance so is even more at risk. Quite a shock.

 

[Squirrel Chaser]

Yes, but you are a cyclist, and able bodied too.
News just in is that Wiggle has lost its finance so is even more at risk. Quite a shock.

Wiggle is dead zed

 

[biggs682]

Some great bargains to be had that's for sure and an awful lot of them have had minimal usage

 

[Reynard]

Whereas at the opposite end of the spectrum...

I did a tip run yesterday, and while there, had a gander at the bikes in the sales area. East Cambs council took advantage of the Covid shortage and hiked the prices from the £10-£30 per bike to £50-£80 for their *cheapest* bikes. Small wonder most of the stock has been sat there for the last couple of years gathering ever more cobwebs.

Given that their bikes are "sold as seen" and invariably need work doing, they're having something of a giraffe.