Bikes Up!

October 9, 2008 at 9:11 am 1 comment

While high oil prices and an economic recession are hitting carmakers hard, bicycle makers are selling more than ever. “Giant Manufacturing, the world’s largest bicycle-maker, sold a record 460,000 units last month and is heading for its best year ever.”

Demand is so high in certain places that there are even shortages. For example, it happened it New York City earlier this year, and in Taiwan, people pay deposits before the bikes are even off the assembly line.

After a slow 2006, sales took off last year in Europe and America as fuel prices shot up. Suddenly a bicycle seems like the remedy for many modern ills, from petrol prices to pollution and obesity. Each market has its own idiosyncrasies. Europeans mainly use bikes for commuting, but have the odd habit of ignoring models made explicitly for that purpose in favour of sleeker, faster models which are then expensively modified. Americans prefer off-road BMX trail bikes. Taiwanese demand is led by racing-style bikes used for exercise.

If you look at Giant Manufacturing’s stock market performance, you’ll even see that on a year-to-date basis they are up about 5.65% right now, which the overall market is way down over the same period of time. Not bad, and green in more ways than one.

[via Treehugger via The Economist]

Advertisements

Entry filed under: Business, Conservation, Energy, Environment, Fun, Informational, Manufacturing, Reports. Tags: , , , , , .

Cycling to Work Just Got Less Taxing Get the LED Out!

1 Comment Add your own

  • 1. Bikes Up!  |  October 9, 2008 at 10:55 am

    […] Go to the author’s original blog: Bikes Up! […]

    Reply

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


October 2008
S M T W T F S
« Sep   Dec »
 1234
567891011
12131415161718
19202122232425
262728293031  
Add to Technorati Favorites

%d bloggers like this: