Gas prices are fueling higher bike sales

There’s things that are just “common sense” to a lot of us, but it’s always nice to see it backed up by real data.

Bikes Belong did a survey recently that shows that gas prices are pushing bikes sales higher than ever.

Bike Biz’s recent article points to a PDF released by Bikes Belong that you can download here. Here’s some of the most important numbers pulled from there site:

The majority of retailers who responded said their sales of transportation-related bicycles, accessories, and service have increased in 2008 compared to 2007:

  • 73% said they are selling more bikes.
  • 84% said they are selling more accessories.
  • 88% said they are selling more service.

Is this increase in sales because of high gas prices? Most retailers who we surveyed think so:

  • 95% of shops said customers cited high gas prices as a reason for their transportation-related purchases.
  • 80% of retailers said gas prices were helping them sell more bikes for transportation.
  • 86% thought accessory sales were getting a boost.
  • 89% said they were selling more service because of high gas prices.

Read the whole Bikes Belong release.

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