State of the industry: a running thread

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d8mok said:
Seems my flippant prediction might not be as silly ……
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It was a pretty good bet that some folks missed. There's no sentiments in this game.

So are we going to talk about the Orange elephant in the room? Some pretty shady shit (legal though it may be) in terms of writing off your debt and continuing...what did I say about sentiments? 🤣
 
al-onestare said:
It was a pretty good bet that some folks missed. There's no sentiments in this game.

So are we going to talk about the Orange elephant in the room? Some pretty shady shit (legal though it may be) in terms of writing off your debt and continuing...what did I say about sentiments? 🤣
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It's not brilliant but I guess it's better to retain the jobs, company and possibility of debtors getting something rather than shutting up shop and no one getting anything? I imagine deals were made that satisfied interested parties? Sounds like we wouldn't have heard anything about it if it hadn't been leaked.
 
Orange were making stuff and doing something, whereas wigglechainreaction was just borrowing money so they could lose money buying stuff and selling it cheap. Decades of wcr prices must've put hundreds of knowledgeable and enthusiastic people out of business, and then wcr goes down owing tens of millions that will be recovered over time from businesses still trading.
Different order of magnitude of elephant🤣
 
I'm in no position to drop 6-10k on a new enduro ish type of bike. I've been eyeing up second hand hand bikes and watching a few on P1nkb1£e, 3b4y etc , low use second hand bikes at 1k to 3.5 K for the same year/condition machine at 2 to 3 years old. The ones at a grand don't sell for months on end let alone the optimistic high baller.
Bikes in the past were a necessity for many, nowadays 'Real' bikes are a luxury item . I think we could start a new thread of 'How knackered is our nation'?
 
fettler said:
I've been eyeing up second hand hand bikes and watching a few on P1nkb1£e, 3b4y etc , low use second hand bikes at 1k to 3.5 K for the same year/condition machine at 2 to 3 years old. The ones at a grand don't sell for months on end let alone the optimistic high baller.
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Apart from the obvious post-COVID turmoil in the industry, another big factor going on is that the whole cycling world is moving to ebikes and we won't notice the change until we are fully in. It reminds me my time in the early 2000s in a photography club, where the few people with digital cameras were laughed at and called cheats, and then 2 years later everyone was on digital.

That is why, at least where I live, the second hand market is dead. Nobody wants to buy a used ebike (older technology, tired batteries,...) but also nobody wants non-ebikes, specially the mid to high range, when you can get such good deals new or directly go for a new ebike. I am upgrading my fleet by snapping 25-30€ used bikes, swapping all the good bits, and reselling for nearly the same price after a good clean and overhaul. Those ones at least sell well as with such low price people get them to lock in the train station or the university, and it's cheaper than fixing their own beaters. Now my son has full XT on his bike and he can't even shift properly yet, it's ridiculous... But it keeps me busy in winter.
 
fettler said:
I'm in no position to drop 6-10k on a new enduro ish type of bike. I've been eyeing up second hand hand bikes and watching a few on P1nkb1£e, 3b4y etc , low use second hand bikes at 1k to 3.5 K for the same year/condition machine at 2 to 3 years old. The ones at a grand don't sell for months on end let alone the optimistic high baller.
Bikes in the past were a necessity for many, nowadays 'Real' bikes are a luxury item . I think we could start a new thread of 'How knackered is our nation'?
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Agree a lot with this. But I think needs a tweak to make nation plural, as in more than one.

I'm almost thinking or hijacking this thread about the 2nd market.
 
in regards to Orange, i had the rep in yesterday, in basic terms, they sold the property they had to fund the restructure, essesntially they had assetts but no cash, that combined with the fact that at the time they were currently owed £400,000 in total from bike shops that hadn't paid their bills caused the issues. apparently the only companies that "lost money" from orange not paying them were companies where the debt/money/invoices were insured, so techincally no one in the bike trade actually lost, only financial factoring companies.
 
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