Rising gas prices boost bicycle sales, repairs in America
Four-dollar-a-gallon gas is good for business if you ran a bike shop in America.
Commuters around America are dusting off their old two-wheelers or buying new ones to cope with rising fuel prices, bicycle dealers say.
“Everyone that comes in the shop is talking about the gas prices,” said Barry Dahl, who opened Barry’s Bikes in Bismarck in April.
He sold more than 50 bicycles in the first month, double the projections in his business plan. Teacher Joyce Mccusker, of Herndon, Va., owns a bicycle for the first time in years. she bought it last month and uses it to make 12 km. trip home from work.
About 18 million bicycles have sold annually in America over the past few years, accounting for about $6 billion in annual sales, said Fred Clements, executive director the national Bicycle dealers Association in Costa Mesa, Calif.
Bicycle shops across America are reporting strong sales so far this year, and more people are bringing in bikes that have been idled for years, he said.
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