The economy is bad, really bad. Many industries are on the verge of collapse. The auto industry which is one of the largest and most important industries in the world is teetering on failure. The housing market is in shambles with no hope in sight, and food prices are inching their way up. There seems to be some hope in this dire economic dilemma however, the bicycle industry is doing surprisingly well. It seems that other then guns and ammunition sales, bike sales are on the rise.

Bicycle sales were better than car sales last year but took a nose dive after gas hit $4 a gallon. The Bicycle Product Suppliers Association’s findings said that sales dropped by 13 percent in the fourth quarter of 2008. Overall for the year of 2008 bike sales grew about 2 percent, a figure the auto industry and many other industries would kill for. The rise in gas prices, uncertain times ahead and the new go green revolution has really helped the bicycle industry stay strong.

-Ray

[Source: Bicycle Retailer]