Economical Climate Hitting Bike Industry
TAIPEI, Taiwan (derailedonline.com) - Not hard to find proof that the economy is hitting the bike industry very hard. Look no further than the recently published export information out of the Taiwan. December 2008 marked the sharpest decline in exports ever seen in Taiwan. Over the last month, exports nosedived 42% from the Taiwan - this information includes all exports from Taiwan. With the economical situation not improving the slightest, what will the January statistics show.
Bad economic times has also created a buyers market. Our inboxes have been flooded with deals and discounts from all the major bike retailers giving a last ditched effort to boost sales by offering some blistering deals on everything from bikes to accessories and clothing.
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Posted on Jan 9, 2009 09:30:10 -0400 by Brady.