The bike industry, like many other sectors, is still feeling the effects of the supply chain issues that started early in the pandemic when Chinese ports were either shut down or significantly slowed. вЂњThe side effects and collateral damage continues to this day.вЂќ The current bike shortage is the result of a demand surge coinciding with a вЂњsupply-chain nightmare,вЂќ he said. вЂњFactors for this increase include limited retail supply and consumers increasing their purchases of more expensive bike categories, like e-bikes,вЂќ Sorenson said.ДЄ majority of the bikes people ride in America are manufactured and assembled in China and other Asian countries, said Jay Townley, a founding partner and resident futurist at Human Powered Solutions, a consulting firm studying the bicycling industry and other non-car modes of transportation. Average selling price during this yearвЂ™s first quarter was 27% higher than 2020вЂ™s first quarter. вЂњMore than half of the $124 million in bicycle imports in January 2021 came from China, the Census Bureau said. Taiwan ($30.0 million) and Cambodia ($14.6 million) ranked second and third.вЂќ More than half of the $124 million in bicycle imports in January 2021 came from China ($69.8 million). вЂњBike imports dipped significantly in March 2020 but, by September, imports had rebounded. вЂњItвЂ™s clear that American consumers have relied heavily on imports of bicycles - primarily from China,вЂќ the Census Bureau said in its report. This combination of increased consumer demand and pandemic-related supply chain snags have gummed up the works for all kinds of products, including cars and fireworks. вЂњThis burst of interest in biking increased demand for lower-priced bikes and, at the same time, bike aficionados continued to buy high-end gravel, mountain, road and electric bikes that can cost thousands of dollars,вЂќ the Census Bureau said. вЂњWhen many fitness centers across the United States closed temporarily, gym members quickly looked for other alternatives,вЂќ it added. вЂњCycling was the ideal way to get around for many people living in cities and those who fled them during the peak of COVID-19. What gives? Cycling was the ideal way to get around during the pandemic for many people living in cities and those who fled them during the peak of COVID-19. Pre-pandemic, Gray had about 200 bikes ready to purchase and roll out the door. If someone walked in GrayвЂ™s store right now, theyвЂ™d have a choice of less than 10 bikes to buy on the spot. store and bought something since the pandemic started.ДЄt the same time, the current moment is вЂњincredibly frustratingвЂќ because it seems like he gets calls every hour from people вЂњlooking for bikes that you canвЂ™t get them.вЂќ Mike Gray, owner of Sourland Cycles, said heвЂ™s added 1,500 new customers into his database who have visited his Hopewell, N.J. Some industry estimates project it will be 2023 before inventory gets back to normal levels, Mason said. вЂњThe demand has exceeded the supply of bicycles on a global level,вЂќ said Heather Mason, president of the National Bicycle Dealers Association, a trade group with approximately 700 members. If you have any questions, please email us at 24/7 or call 88 Mon-Fri 10AM-6PM MST, Sat 10AM-5 PM MST, closed Sun.вЂњSome industry estimates project it will be 2023 before inventory gets back to normal levels. Thank you for reading and we wish you well. Lastly, don't forget to stay in close contact with friends and family, especially those isolated. It certainly helps with stress and anxiety during difficult times. If you can get out and walk, hike or ride, then take advantage of it. We hope that this horrible situation ends soon and that everyone takes care of themselves both mentally and physically. We are committed to slowing the spread of Covid-19, and to keep our customers, employees, and communities safe. Call ahead for curbside pickup or come to front door and we will grab your order for you. For local online customers, you can pick up your will-call orders at Peak Cycles. We have experienced very few delays for most of our US customers over the 2 weeks. We are not allowing any bike rentals or demos until further notice.ДЇor online customers, is running at normal capacity as are our shipping companies USPS and Fedex. Our service department is also performing pick-up and drop-off of repair bikes outside. We have a table and bike stands in front of the shop so we can bring products and/or bikes to you outside for purchase. Due to Covid-19 we are not allowing any customers into the shop at this time. In our Peak Cycles bike shop in Golden, Colorado we will continue to perform bike repairs and sales. We are taking every precaution necessary to remain open. We will remain open under normal business hours until further notice. On behalf of Peak Cycles and we hope that everyone is safe and well.

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