The State of the Bike Industry
Blue Collar Mountain Biking did an interview with Jill Hamilton of Haro Bikes concerning the bike industry and where prices are going.
She was quoted as saying the following:
If you are going to buy a bike, do it now.
Full audio interview found on BlueCollarMTB.com.
Jill is right, and I am really surprised that we haven’t actually seen this sooner. My “real job” involves a lot of steel, aluminum and rubber purchasing domestically and from overseas. Prices are increasing at a rate that most manufacturers can’t keep up with the increases. Yesterday, oil prices hit a new record high, so these transportation increases also present a huge problem. 6 to 8 months ago we were able to purchase steel in the low 30 cent range (per lbs). Now, we are being told to be ready for the price to be in the low 50′s and 60′s in the next couple of weeks. So to mirror Jills comments…if you are looking at purchasing any steel related products in the next 6 months…you better do it now.