2009 bicycle sales outlook

The National Sports Goods Association parsed some data on bicycle imports in 2008. Unit imports increased by a small amount — the total value rose 21.7% for the entire year, according to U.S. Department of Commerce data compiled by the Gluskin Townley Group LLC. The report indicates that 18.58 million bicycles were imported into the U.S. in 2008 with a value of $1.292 billion. What’s your guess on what will happen in 2009? My prediction is that the economy will force both units and dollar value to decline, because riders will make due with the bike they have for one more season.

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