Wednesday, October 1, 2008

Car Sales Crashing, Bike Sales Booming

Cars -1 (Reuters)
Bikes +1 (Economist)

The world economy may be going to hell in a handbasket, but that isn't stopping the bike industry. At the Interbike conference in Las Vegas recently, bike creators and distrubters were confidant, and attendance set records. Bike sales are thriving during this era of decline for automobile purchases and reduced driving. This vibes with anecdotal evidence of more bikes on the streets and more people at local bike shops, as observed by my own riding around and numerous other cycling bloggers in various cities.

Time will tell if this trend will continue rolling. I'm sure some will ditch their bikes if gas prices drop low enough. But I am hopeful that this renewed interest in cycling will create some lasting impact on how we think about transportation.

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