December 17, 2008
No Recession for Bicycle Makers
Cars Down, Bikes Up
While high oil prices and an economic recession are hitting carmakers hard, bicycle makers are selling more than ever. "Giant Manufacturing, the world’s largest bicycle-maker, sold a record 460,000 units last month and is heading for its best year ever."
Demand is so high in certain places that there are even shortages. For example, it happened it New York City earlier this year, and in Taiwan, people pay deposits before the bikes are even off the assembly line. Read on for more details on why bikes are so hot.
Posted by mkreig at December 17, 2008 09:53 PM