Current bikes = huge rip-off

I bought a top of range bike for alot of money a few years ago. It is basically exactly the same bike (frame + components) used by world tour teams.

However when I look at the current prices in 2020, for the exact same bike with the exact same components (the frame and components have not been refreshed yet), you pay far more money then what I paid for.

So how come manufactures are charge more money for the exact same product that was sold a few years ago? I feel really sorry for people who are buying the 2020 bikes.

I could probably sell my bike and either break-even or make a small profit.
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Comments

  • kingstongraham
    kingstongraham Posts: 28,205
    What year?


  • fenix
    fenix Posts: 5,437
    As soon as you buy a bike it's pretty much lost 50% of its value - but yeah go for it and see what happens.

    Plenty of bargains if you look outside of the big names anyway.



  • Charlie_Croker
    Charlie_Croker Posts: 1,727
    fenix said:

    As soon as you buy a bike it's pretty much lost 50% of its value - but yeah go for it and see what happens.

    Plenty of bargains if you look outside of the big names anyway.

    Agreed

    Rip-off Britain has been a phrase for some time now and there does appear to be some justification for this on certain products, though not all. The exchange rates can only account for a fraction of this misalignment.

    https://www.youtube.com/watch?v=mIQnpoGBS1I


    Misinformation of course just muddies the water
  • fenix
    fenix Posts: 5,437
    When I started working - I saved up for a top of the range bike. Custom steel and paint. Top of the range components. It was a lot cheaper back then - I could save for it on a small wage.
    Now how much is the Pro Tour Pinarello for example ? Ten Grand or more ?

  • Flâneur
    Flâneur Posts: 3,081
    More people want high end bikes who have the cash to spend, throw in other trade costs done.
    Stevo 666 wrote: Come on you Scousers! 20/12/2014
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  • singleton
    singleton Posts: 2,523
    In 2012 I bought a 2011 model CAAD10 with 105 for £1,020.
    Right now, I could buy a 2019 CAAD 12 with 105 for £1,120
    If I wanted a CAAD13 with 105 it would be more like £1,600

    Top spec carbon frames with deep wheels and electronic group sets are expensive though.
  • fiverears
    fiverears Posts: 38
    You can buy unbranded carbon frames off ebay that are made in china probablly same factory as pinarillos and the likes, and you pay 300-700 quid.
    on these branded high end bikes all you are paying for is the paint job.
    another way to go is buying old stock (outdated)
    last year I bought a brand new via nirone 7 for 500quid, something like %50 off because it wasnt this years model.
  • DeVlaeminck
    DeVlaeminck Posts: 9,107
    Top of the range bikes are really there to part fools with their money. Alternatively they allow wealthy people to buy very small improvements. As I have no intention of splashing 5k plus on a bike though I prefer the former.

    If you look around you can still buy decent bikes that are near as you'd notice the same as the top end stuff for reasonable money - if you call 2-3 grand reasonable.
    [Castle Donington Ladies FC - going up in '22]
  • Brexitflation.

    Plus Shimano were expecting to put prices up by ~20% around late 2017 IIRC.

    The standard EOL price for my Cube was ~£1k until May 2017, I paid £100 less through Rutland's May Bank Hol promo. Not a chance of similar spec now with "proper" hydraulic disc brakes under £1k and a carbon frame.
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  • ugo.santalucia
    ugo.santalucia Posts: 28,321
    ten years ago a top of the range Specialized was about 4-5 grand, now it's in excess of 10 grand. Electronics and hydraulics explain some of the increase (maybe a grand), some is inflation (maybe another grand or so) the rest is simply the industry consolidating profits. The removal of the C2W 1 grand cap will inevitably push up the prices of low/mid range models too
    left the forum March 2023
  • fenix
    fenix Posts: 5,437
    And maybe because people seem to have the cash (or seemed to).

    Plenty of people paying 60 grand or more on Range Rovers etc...
  • redvision
    redvision Posts: 2,958
    zest28 said:

    I bought a top of range bike for alot of money a few years ago. It is basically exactly the same bike (frame + components) used by world tour teams.

    However when I look at the current prices in 2020, for the exact same bike with the exact same components (the frame and components have not been refreshed yet), you pay far more money then what I paid for.

    So how come manufactures are charge more money for the exact same product that was sold a few years ago? I feel really sorry for people who are buying the 2020 bikes.

    I could probably sell my bike and either break-even or make a small profit.

    Because that's the way the world and economy works. It's inflation. You could say the same about any product - a tin of beans 5 years ago cost less than today.
  • ugo.santalucia
    ugo.santalucia Posts: 28,321
    yeah, but low inflation doesn't justify prices doubling in 10 years or so. At a push, we had 2% inflation year on year, which roughly means 25% increase over 10 years (can't be axxed to calculate it properly). So a 4 grand bike, should now cost 5 grand, not 10
    left the forum March 2023
  • kingstongraham
    kingstongraham Posts: 28,205
    If people will pay it, companies will charge it.
  • orraloon
    orraloon Posts: 13,258
    Inflation 2009-19 UK averaged 3.1% p.a.. £4k then = £5,406 now.

    Source BoE inflation calculator.
  • fiverears
    fiverears Posts: 38
    It probably costs £200 to produce a £5k bike, and £10 to make a rapha jersey costing £120
    but ceo's need that new model merc so will charge inappropriately
  • redvision
    redvision Posts: 2,958
    fiverears said:

    It probably costs £200 to produce a £5k bike, and £10 to make a rapha jersey costing £120
    but ceo's need that new model merc so will charge inappropriately

    Yet people are still prepared to pay those prices.
  • singleton
    singleton Posts: 2,523
    fiverears said:

    It probably costs £200 to produce a £5k bike, and £10 to make a rapha jersey costing £120
    but ceo's need that new model merc so will charge inappropriately

    I understand your point, and on high-end branded products there is a decent markup, but it certainly isn't anything like the levels that you're suggesting.

    The materials and techniques used on these items, and the attention to detail - at least on the good stuff - is what you pay for,
  • ibr17xvii
    ibr17xvii Posts: 1,065

    If people will pay it, companies will charge it.

    100% this.

    However there are always bargains to be had particularly if you buy a last years model. I'm looking now for a new best bike & probably won't even consider something from this years range as for what I want it will be far too expensive.

  • ugo.santalucia
    ugo.santalucia Posts: 28,321
    orraloon said:

    Inflation 2009-19 UK averaged 3.1% p.a.. £4k then = £5,406 now.

    Source BoE inflation calculator.

    Quite high, I was expecting less, but the figure is not far off....
    left the forum March 2023
  • ugo.santalucia
    ugo.santalucia Posts: 28,321
    singleton said:

    fiverears said:

    It probably costs £200 to produce a £5k bike, and £10 to make a rapha jersey costing £120
    but ceo's need that new model merc so will charge inappropriately

    I understand your point, and on high-end branded products there is a decent markup, but it certainly isn't anything like the levels that you're suggesting.

    The materials and techniques used on these items, and the attention to detail - at least on the good stuff - is what you pay for,
    It might cost 200 to make a bike, if you only include materials and manufacturing (might be quite a bit more for the high end bikes), but there is a lot of upfront investment in design, tooling, advertising, sponsorship, branding etc...
    left the forum March 2023
  • lesfirth
    lesfirth Posts: 1,382
    fiverears said:

    It probably costs £200 to produce a £5k bike, and £10 to make a rapha jersey costing £120
    but ceo's need that new model merc so will charge inappropriately

    A fan of Jeremy Corbyn I presume.
  • fiverears
    fiverears Posts: 38
    edited March 2020
    lesfirth said:

    fiverears said:

    It probably costs £200 to produce a £5k bike, and £10 to make a rapha jersey costing £120
    but ceo's need that new model merc so will charge inappropriately

    A fan of Jeremy Corbyn I presume.
    No I just don't like seeing people being ripped off.
    in fact i have been a victim myself spending on gear
  • mpatts
    mpatts Posts: 1,010
    Some of this is supply and demand of course, some of it is the cost to produce.

    I consider my nemo tig to be incredibly good value given what it is.
    Insert bike here:
  • kevin_stephens
    kevin_stephens Posts: 184
    edited March 2020
    zest28 said:

    I bought a top of range bike for alot of money a few years ago. It is basically exactly the same bike (frame + components) used by world tour teams.

    Seeing as they get their bikes for free you’re probably paying for theirs as well as well as your own

    I want to climb hills so badly;
    and I climb hills so badly
  • amrushton
    amrushton Posts: 1,312
    edited April 2020
    It will depend on costs. A firm like Moots or Pegoretti or Enigma make frames themselves. Whose making Canyon,Specialized,Pinarello etc? they all look the same and are moulded in factories in the Far East using the same construction. But if you can charge £10k for a bike and get it then you will. Mysteriously all priced similarly.
  • A lot of bike companies are definitely taking the piss with their prices nowadays. Specialized being the worst culprit in my opinion. S-Works Tarmac (which I've ridden and found to be completely average in every way) is nearly £10k ffs.
  • redvision
    redvision Posts: 2,958

    A lot of bike companies are definitely taking the piss with their prices nowadays. Specialized being the worst culprit in my opinion. S-Works Tarmac (which I've ridden and found to be completely average in every way) is nearly £10k ffs.

    Each to their own. The s-works tarmac is brilliant and regarded as one if the very best bikes ever produced.
  • fenix
    fenix Posts: 5,437
    What is the cheapest Pro Tour bike out there ? Anyone know ?

    We all know its the rider that counts though.
  • bompington
    bompington Posts: 7,674
    Has anybody ever done any blind tests of road bikes? It must be easy enough to hide the frames, and the finishing kit shouldn't give it away.

    The results might be interesting.