jay graves

Will bike economy coast through recession?

Avatar by on December 10th, 2008 at 12:01 pm

Opening night dinner-8.jpg

Trek CEO John Burke says Trek
sales are up…so far.
(Photos © J Maus)

The mountain of bad economic news in this country seems to get steeper with each passing day. But amid the slowdown, there are some signs that bike-related industries are still rolling along with ease, at least for now.

Signs from the local, national and global bike industry indicators are mixed. In this story, we take a look at some of those signs and ask several industry players how things are going.

Bike Europe, a trade magazine that covers the bike business on the other side of the pond, reported last week on Taiwan’s export numbers. Overall, their exports are down 5.5 percent over last year, but bicycles are one of only two “industry sectors” that are up (the other is pharmaceuticals).[Read more…]