E-Bike sales increase 78% in 2018

[Deleted member 4210]

As reported by Bicycle Product Suppliers Association, BPSA, sales were up $54 million, a 78% increase. Average wholesale price was $2033.

So that works out to $123,000,000 in ebikes sold (to dealers) at the wholesale level. And translates to about 60,500 ebikes sold here in the US in 2018.

Https://www.bicycleretailer.com/stu...bike-sales-down-10-units-4-units#.XFRoklVKg-0

Otherwise a significant decline in number of regular bikes sold in terms of units. Sales $ were up, but that is probably because of ebikes.

For perspective, a drop in units sold for regular bikes of 10% yoy is rare according to industry veterans.

P.S. note it is possible that this does not reflect Sales of some firms ebikes that go direct to consumer such as Rad, EVELO, Sondors, etc.

 

[heytchap]

$123,000,000 at 25% tariff works out to a casual $30,750,000 in additional taxes paid by the consumer. Very cool.

Edit: actually, that’s just wholesale costs! I’m sure we, the consumers, paid more!

 

[Deleted member 4210]

$123,000,000 at 25% tariff works out to a casual $30,750,000 in additional taxes paid by the consumer. Very cool.

Edit: actually, that’s just wholesale costs! I’m sure we, the consumers, paid more!

Most of the ebikes delivered in 2018 got to US shores before the tariffs kicked in. 2019 could be a different story. Let's hope a China deal gets done soon, and these absurdly applied tariffs go away.

 

[ebikemom]

In our house ebike sales increased 400% in 2018!!! (from 0 ebikes to 4 ebikes!)

 

[ez3putt]

In our house ebike sales increased 400% in 2018!!! (from 0 ebikes to 4 ebikes!)

You might want to check your math. Can't divide by zero.

 

[ebikemom]

Oh NOOOOOOOOOOOO! I guess it is impossible, then, to express 0-to-4 in a percentage!

 

[scrambler]

Oh NOOOOOOOOOOOO! I guess it is impossible, then, to express 0-to-4 in a percentage!

4 is infinitely more than zero