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Bicycle slump hits industry after five boom years
The bicycle business faces a steep decline with 1975 shipments down 60.4 percent for five months to 1.9 million units. Peak years saw 15.3 million bikes, led by 10 speed models, with prices ranging from 50 to 1,200 dollars for top lines. Imports and domestic makers alike face saturation, uncertain recovery, and shifts in market share as retailers report lower sales.
MENTIONED IN THIS ARTICLE
Robert Hurtado
New York Times
New York
Detroit
Bicycle Manufacturers Association
Murray Ohio Manufacturing Co
Brentwood
Tenn
Huffman Manufacturing Co
Dayton
Ohio
Huffy Bikes
Schwinn Bicycle Co
Chicago
Wall Street
Normal A. Legenfeld
Raleigh Industries of America
Raleigh Industries, Ltd
England