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Motorcycles Bikes in short supply, high demand during pandemic

06:31  31 july  2020
06:31  31 july  2020 Source:   cbs8.com

Getting Lighter and Faster, E-Bikes Reach Cruising Speed

  Getting Lighter and Faster, E-Bikes Reach Cruising Speed For some, a powered bike can replace a second car.For companies like Specialized Bicycle Components Inc., in Morgan Hill, Calif., the interest is validating a longtime commitment to electric models. Founded by Mike Sinyard in 1974, the company developed its first commercial e-bike in 2013—the Turbo S, a high-speed commuter model that was a departure from Specialized’s bread-and-butter road bikes. The model “landed our tag line, ‘It’s you, only faster,’” says Chris Yu, Specialized’s leader of product and innovation, and it became the foundation for all electric models going forward.

When pandemic measures shuttered bike manufacturers in Asia, the supply chain skidded to a halt, or at least slowed significantly. "Bicycles and boredom busters such as trampolines and basketball nets are a few examples where we are chasing supply to keep up with demand ," Joscelyn Dosanjh

Demand for bikes worldwide is higher than ever and as the weather warms up across the country, people are looking to get riding. But with bike shops experiencing unprecedented shortages, how do get one? Vicky Nguyen, NBC investigative and consumer correspondent, shares some tips.

Many people are looking to get outside more now that summer is in full swing and taking a bike ride might be at the top of your list.

It seems that many other people may have it on their list as well.

"The last three to four months, we are seeing five times the normal volumes," said Louis Ibarra, owner of The Bike Shop At Del Sur and Poway Bikes.

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  Bike stores see sales boom as pandemic changes travel, transportation If you've considered getting out on a bike recently, you're not the only one.Wausau is no exception.

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The demand for bicycles is at an all-time high.

"I think a lot of people have extra time right now and people are looking to social distance in creative ways," said Ibarra.

Also, there is a demand shock to the system that some manufacturers did not anticipate and now are unable to keep up with. Many bike stores have to special order everything and wait.

"I tried to get a new bike as well and they told me I'd have to preorder and it would be at least September," said a customer in line at The Bike Shop.

"I'm out of multi-speeds. I'm not able to get those until December," said Jeff Huey, owner of Radd Action Sports in Mission Beach.

People who otherwise would not have bought bicycles are buying them now.

"You can't go into a Walmart right now to get a bike, they are sold out," said Huey.

Oh great, now we're running out of bikes

  Oh great, now we're running out of bikes Demand for bikes is surging, but the supply chain is still catching up.Last week, I realized my decade-old Mongoose bike was falling apart. Its brakes honked like an aggrieved bird, and the back frame had bent enough that a repair shop called it a significant safety issue. So, anticipating several months of traveling by bike, I started to call my local shops to see what was available.

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Radd Action Sports only has seven bikes in store right now since most suppliers were not prepared for the sudden surge in demand.

"That has, in part to do to the fact that there was a decline for five to seven years in the bike industry. And when COVID struck and everyone was at home sheltered with their families and working remotely, people had to do something," said Huey.

The other thing people need now is tune-ups. Ibarra says he has hired new mechanics to keep up with the increased service level as well.

"A lot of people are bringing in the bike that was hanging in a garage for the last 11 years that wasn't touched," said Ibarra.

It is not just bikes that are in high demand right now, it's anything that has to do with the outdoors, from skateboards to swimming pools.

Will Harley-Davidson still make electric motorcycles? .
At least for now, a Harley-Davidson (HOG) about to enter another major turnaround is still one that makes some electric motorcycles. Harley-Davidson’s new CEO Jochen Zeitz teased the fourth quarter release of a new five-year turnaround plan designed to more efficiently run a business being hammered by shifting consumer preferences (that emerged well before COVID-19). “LiveWire will continue to be part of our product line up,” a Harley-Davidson spokesperson confirmed via email to Yahoo Finance.The Livewire debuted in October 2019 after at least five years in development under former CEO Matthew Levatich.

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