Apologies if this has been discussed previously and I’ve missed it, but I can see bike pricing increasing post 1st Jan .
The bike my mate bought a couple of months ago has gone up by£300 on supply/demand alone
So, if what I’m planning to buy next spring is available now, it makes sense to buy now, and avoid price increases AND potential supply challenges next year...
Think I know what the answer is but would appreciate any thoughts 👍
I imagine the money I've set aside for the dream custom ti bike will even up being spent on bread and beans after January 1st.
Half the country will be unemployed by the spring. Supply and demand will flip. Or a new bike will be the least of your problems.
Half the country will be unemployed by the spring
People said that would have happened by now at the start of lockdown, people ended up furloughed and spending more money on bikes. The same as people said house prices would fall off a cliff and the rocketed up.
People said that would have happened by now at the start of lockdown, people ended up furloughed and spending more money on bikes. The same as people said house prices would fall off a cliff and the rocketed up.
True. At some point it stops and reality hits.
People said that would have happened by now at the start of lockdown, people ended up furloughed and spending more money on bikes
Don't be so impatient. When the government stops giving people £2.5k per month to sit at home and shop on the internet things will begin to unravel. I think there are lots of organisations and jobs that will not be sustainable without the furlough scheme or a significant pick up in business.
OP, I guess it depends where the bike is imported from. That said if we do end up with WTO import tariffs on goods from the EU I wouldn't be surprised if that's used as a way of hiding an increase for products that are imported from elsewhere.
The Raleigh factory in Nottingham is currently working around the clock to fulfill not only increased export orders, but domestic demand too! 😉
Prices will very likely increase but it appears the tariff on bikes is 4% and depending on where the bike comes from to get into the EU today and what deal that country has with the EU will either make that better or worse than it is today.
So won't be as bad as say a lot of food but then food is not so essential as bikes is it.
I've been looking at buying bikes this week and from when the prices were released back in summer, some have already gone up by £200-300. I know supply & demand is a factor but it kind of feels like the bike industry is trying to take the piss out of the end users at the minute. They've never had it so good yet are happy to cream an extra 15% from it, that is unless they are suffering from hikes in the production chain and are passing it on.
Prices will rise, it's going to happen because shipping has gone through the roof, they are now paying 3 to 4 times the price for shipping from Asia to UK/EU and that increase will add more to the final costs to make a profit, same with price increases on items from Asia, all need to be absorbed somewhere, and we've not even got the bikes into the UK yet and added any additional taxes or shipping costs associated with that!
I'm looking to buy a bike from one of the German shops and the predicted delivery date is in late January. I asked them about the cost rises after the new year and they couldn't give me a definitive answer, they suggested waiting until the new year before ordering as they will then know what the costs will be and rough timescales too. No issue for me as if the price goes up substantially I'll just drop to the next model down in the range but I don't want to find the bike that should cost £2600 is suddenly £3k+ without warning.
People said that would have happened by now at the start of lockdown, people ended up furloughed and spending more money on bikes. The same as people said house prices would fall off a cliff and the rocketed up.
The Stamp Duty holiday, WFH looking like a long-term change in working habits and the extension of the Furlough Scheme have had massive input into those. When both end it'll be a proper shit show, it would have happened in November but the Furlough extension pushed it back, nothing more.
If you look at the current bulk shipping costs someone has to pay those increases. On top of every other increase. Only certainty is it isn't going to be any better for the foreseeable. Get used to prices ramping up.
calnaughtonjr
it makes sense to buy now,
Lot of political talk on here, when all the OP wanted was to be told to go buy a new bike.
Go buy and enjoy, OP. You know it makes sense.
So, if what I’m planning to buy next spring is available now
If it's available now, you'd be mad to wait. Ignore the price issue... grab it before it's gone and you have to join a queue to get one.
kind of feels like the bike industry is trying to take the piss
The cost of everything has gone up this year, markably. And many have tried to prepare themselves for all the additional costs they will have to shoulder from January. I don't know any brand "taking the piss".
Luckily, I bought just as it all hit the fan back in March . The downside is that I bought a frame, some new fancy bits and finished with old stuff from the spares box, thinking I would upgrade when cash became available. The price of the upgrades has skyrocketed already, or rather is either unavailable or only at RRP. We certainly took heavy discounting for granted.
I do however have a nice new bike to ride even if some of the bits are a bit ancient.
