Arnold Kamler on his company’s growing sales, bike riding
Bicycle and sports equipment sellers are facing a second bicycle shortage after an initial shortage occurred in 2020 as manufacturers continue to struggle with high demand and COVID-19-related supply chain challenges.
Sales for traditional and indoor bikes, as well as bike parts, were up 75% to $1 billion in 2020 compared to 2019 as more people looked to outdoor activity amid the pandemic, according to June 2020 research from NPD, an industry analysis and advisory services group that helps retailers and manufacturers.
BIKE SHORTAGE CAUSED BY CORONAVIRUS PANDEMIC LIKELY TO SPIN THROUGH 2021, SOME RETAILERS SAY
That trend has continued into 2021 U.S. retail bike sales grew 60% compared to the same period in 2020, according to NPD Sports Senior Industry Adviser Matt Powell. He told Fox News, however, that while he expects sales growth to slow in 2021 compared to last year, they “will remain well above 2019 results.”
“There are serious inventory shortages due to the surge in sales,” Powell said, adding that average bicycle selling prices grew 40% in the first quarter of 2021 compared to 2019 due to “a mix of more expens[ive] bikes as well as higher retail prices due to increased costs.”
Many local and national bike retailers are facing backlogged orders delayed into the fall and winter seasons.
Employees wearing protective masks work at the Trek Bicycle Shop in San Diego, California, U.S., on Friday, May 15, 2020. (Photographer: Sandy Huffaker/Bloomberg)
Bill Thayer, co-CEO and co-founder of Fillogic, a logistics services platform for retailers, said the supply-and-demand issue hitting the bicycle market right now is not just unique to bikes.
“Every retail store, no matter what they sell, are struggling to meet demand based on supply chain disruptions,” Thayer said. “Manufactured items that include formed components (aluminum, rubber, etc.) like bicycles are far behind because these components are often manufactured in one place and then fabricated/kitted in another.”
BIKE SALES SPIKE DURING CORONAVIRUS AS WORKERS GEAR UP FOR CYCLING COMMUTES
He added that supply chain issues manufacturers and retailers faced during COVID-19 have only snowballed as the country reopens.
“During the peak of 2020, [e-commerce] volume surged in the U.S. but many businesses were still closed,” Thayer explained. “Now that businesses have opened up and demand has spiked through all channels, these supply chain disruptions will last well into 2022.”
The costs of raw materials have increased as a result, leading the final sale prices of bicycles to be higher than they were last year or the year prior.
Mario Veraldo, CEO of MTM Logix, which offers shipping solutions to U.S. and global companies, told Fox News that 87% of bicycles are produced in either China, India, Taiwan, Japan or the European Union.
A woman rides her bicycle on the boardwalk at Coney Island during the coronavirus outbreak in New York, during Memorial Day weekend 2020. (AP Photo/Kathy Willens)
the boy’s name is Xavier and he decided to come on the Southeast expressway in Milton. A few weeks early. A few weeks and a few exits early firefighter john Wells holding baby Xavier earlier this afternoon, Just minutes after he was born, Stoughton family stuck in traffic on 93 northbound on the way to the hospital. It’s a lot of chaos on the expressway, especially on a day to day, won’t have a lot of traffic logistically getting ambulances out to the highway can be busy, it can take some time. The couple made the decision to pull over shortly after dad delivered the baby on his own in the breakdown lane before emergency crews arrived as a parent, I think any parent just wants to know uh the baby’s healthy and that moms healthy so that’s the end result. You know, we got what we needed. Then an ambulance from South Shore Hospital happened to be driving by and helped with cutting and clamping the umbilical cord. Firefighters then brought the baby to a brewster ambulance, which was also nearby. Then loaded Mom on the stretcher, taking them both to Beth Israel deaconess Medical Center thumbs up in a pat on the back. For dad for a job well done all around. It was mom’s third. But for the dad, having a boy on Father’s Day weekends, pretty cool again. Mom and the baby are said to be doing just fine tonight. We’re in Longwood. I’m Peter Iliopoulos, WCVB News Center Five. Okay.
Family hits Boston traffic, baby born inside vehicle on Southeast Expressway
Updated: 10:28 PM EDT Jun 17, 2021
A Massachusetts mother and baby were resting comfortably Thursday night at a Boston area hospital, after the infant’s mother gave birth on the Southeast Expressway earlier in the day. We’re told the baby’s father delivered the infant inside their vehicle, which pulled into the breakdown lane near Exit 11 in Milton Thursday morning. The family said Baby Zavier was due in July, but his mother went into labor early at their Stoughton home and the family got stuck in traffic on their way to the hospital. “He decided to come on the Southeast Expressway in Milton a few weeks early,” firefighter John Wells, who met the family along the side of the highway, said. Wells said baby Zavier was crying, had good colors and appeared healthy.”It was mom’s third, but for the dad having a boy on Father’s Day weekend, that’s pretty cool,” Wells said. An ambulance arrived at the scene a short time later and brought both mom and baby Zavier to Beth Israel Medical Center in Boston, where both were doing well Thursday night.
MILTON, Mass. —
A Massachusetts mother and baby were resting comfortably Thursday night at a Boston area hospital, after the infant’s mother gave birth on the Southeast Expressway earlier in the day.
We’re told the baby’s father delivered the infant inside their vehicle, which pulled into the breakdown lane near Exit
The average age of vehicles on U.S. roadways rose to a record 12.1 years last year, as lofty prices and improved quality prompt owners to hold on to their cars longer.
It was the first time the average vehicle age rose above 12 years, according to data released Monday by research firm IHS Markit. While the average vehicle age has risen steadily over the last 15 years, the trend accelerated during the coronavirus pandemic partly because of a drop in new-car sales, IHS said.
The finding reflects the stronger value of vehicles throughout their life cycles, from higher new-vehicle prices Americans have been paying for years to steeper prices on the used-car lot, said Todd Campau, associate director of aftermarket solutions at IHS. Improved vehicle quality also is a factor, he said.
Whereas 20 years ago a car might have changed hands once or twice and lasted 100,000 miles, it is more common today for a car to have multiple owners and last for 200,000 miles or more, he said.
“That has extended the life cycle of the vehicle and created value for more buyers up and down the chain,” Mr. Campau. “For that second or third or fourth owner, there’s still meat on the bone.”
The rise in average vehicle age doesn’t necessarily mean Americans are forgoing new-vehicle purchases and making do with their current cars longer, Mr. Campau said. New-vehicle sales have been running at a record or near-record pace for years, with the exception of a short-lived drop in the early months of the pandemic last year.
Instead, since cutting back in the financial crisis, more consumers have been adding to their number of household vehicles—buying a third car for the family instead of getting by on two, for example, Mr. Campau said. The total number of vehicles in operation in the U.S. has risen about 10% since 2013, to around 279 million, according to IHS.
The lengthening vehicle age presents an opportunity for dealerships and other companies that sell aftermarket parts for vehicle repairs, such as brakes and tires, Mr. Campau said. Also, more companies are offering aftermarket products to upgrade infotainment systems and other technology in cars, giving owners of older vehicles the ability to connect their phones to the dashboard touch screen, for example.
As cars stay on the roads longer, auto makers are looking to offer digital services and features after the sale to generate recurring revenue, such as adding new apps to multimedia systems or new convenience features such as hands-free driving in some situations.
Motor Co. Chief Executive
has said he wants the company to have an “always-on” connection to Ford’s customers and break the traditional model of selling a car and simply waiting a few years before the owner returns for an upgrade.
“Like with your phone, there will be new features added every hour, every day,” Mr. Farley said in an interview last month. “I think that’s where the real competitive race is.”
A Ship Bottom Beach Patrol vehicle struck a pair of teenage girls from Pennsylvania who were laying on the New Jersey beach a little after 1 p.m. on Saturday afternoon, local authorities said on Facebook. The incident occurred at the 26th Street Beach of the Ocean County town, which is located on Long Beach Island.
The girls’ names were not provided, but Ship Bottom police said that the victims were a 14-year-old female from Fleetwood, Berks County and a 15-year-old female from Leestwood. The two girls were taken to Jersey Shore Medical Center in Neptune City, Monmouth County where they were treated and eventually released from the hospital.
The driver of the vehicle, 22-year-old John Purdon of Barnegat, Ocean County, was charged with reckless driving pending a court date.
The town also issued a statement on its Facebook page on Saturday to send well wishes to the two female victims and their families.
Ship Bottom’s beaches are only open to residents and property owners of the town for walking or jogging purposes due to the coronavirus pandemic. Many other Jersey Shore towns have taken similar measures to mitigate the spread of COVID-19 across the region.
Residents and property owners of the town were given “disaster reentry” placards that must be shown to local authorities when asked, according to the Associated Press. It’s unclear if the girls had a placard with them while on the beach.
CHICAGO (WLS) — Three people including a CTA bus driver were injured Thursday morning after a vehicle slammed into the bus causing it to crash in the Loop, police said.
According to Chicago police, around 4:20 a.m. the bus was traveling eastbound on Washington Street when a black sedan traveling at a “high rate of speed” southbound on Clark, ran through a red light and crashed into the bus, causing it to strike the side of a bank building.
The bus driver was pinned under the dashboard and had to be extricated by firefighters, fire officials said. The driver was transported to Northwestern Hospital in critical but stable condition.
Two bus passengers were also transported to Northwestern for treatment, officials said. They are in fair condition.
The driver of the sedan was identified as a 29-year-old man, police said. He was not injured in the crash.
Citations are pending.
No further information has been released at this time.
FILE PHOTO: The Chinese national flag flies on the roof of a Ford car dealership in Beijing, China October 11, 2018. REUTERS/Thomas Peter
BEIJING (Reuters) – Ford Motor Co (F.N) said on Thursday that its China vehicle sales in the first three months this year fell 34.9% from a year earlier to 88,770 units, as the novel coronavirus epidemic hit demand in the world’s biggest auto market.
The Dearborn, Michigan-based company said, however, all its dealers in China had resumed work and its sales in March had returned to 75% of the same period last year.
In China, Ford makes cars through Jiangling Motors Corp Ltd (JMC) (000550.SZ), in which it has a stake, and a joint venture with Chongqing Changan Automobile Co Ltd (000625.SZ).
Ford has been trying to revive sales in China after its business began slumping in late 2017. Sales sank 26% in 2019, after a 37% drop in 2018. In 2017, its China sales fell 6% from a year earlier.
China’s auto sales dropped 8% in 2019 and are expected to fall more than 5% this year. Overall auto sales slumped 42.4% in the first quarter.
Sales of Ford’s larger U.S. rival, General Motors Co (GM.N), dropped 43.3% in China in the first quarter.
Reporting by Yilei Sun and Brenda Goh; Editing by Toby Chopra, Robert Birsel