The bicycle market these days aren’t looking too bright, the economy has hit many industries were hit hard with the downturn and the bicycle industry is no different. There are is some hope in this dire situation however. The Bicycle Trade Association of Canada, or the BTAC, has reported that members have shipped 14,499 more units to various shops last year which was a 6.5 percent increase over the number of bicycle and recumbent bicycles shipped last year. The BTAC claims that their members have shipped a total of 236,396 units to dealers and shops in Canada which amounted to $77.316 in sales with a 65 percent of all business in the bicycle industry being a member. Hybrid and road bikes saw the most gains at 16.6 percent and 11.4 percent respectively. Bike makers in Canada seem to be doing much better then in the US where sales actually fell 13 percent at the end of 2008, at least someone somewhere is still buying bikes and enjoying the great outdoors.
-Ray
[Source: Bicycle Retailer]
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