I noticed that the prices for many ebike companies began rising in Q1 2021 because Specialized, Juiced Bikes, OHM, Rad Power Bikes and others had either contacted me or made announcements. I asked for feedback around this topic, and offered to interview a member of the Specialized team but nobody stepped up. Since I’m stuck in Canada right now due to travel restrictions, I spoke with some other companies and got Sam Atakhanov (founder of DÖST Bikes) to spend some time on camera filling in the blanks. Sam’s company is just a couple years old now, but has grow rapidly due to the increase in ebike popularity. He explained that their bikes are made in Taiwan, like Specialized and others, and that the price for shipping has increased 10X in less than a year! It sounds like there are also extra “fees” to get onto ships that basically amount to bribes, and that they have had to push out their delivery schedule several months and are now looking at 100+ day wait times. In addition to shipping price increases, parts have also increased in price.
My goal with this video interview was to get a primary source to speak with me about the situation and fill in the gaps. I really appreciate that Sam was willing to do it, and I hope that this helps consumers understand wait times, price increases, and make more informed decisions about making pre-orders. I also hope that you and your family are healthy, able to find work or income, and ultimately enjoy being outside on a bicycle. Much love.
Why are prices going up: manufacturing and logistics
What are the wait times on some of these parts?
Shipping containers waiting, extra “fees”, Suez Canal
Price increases due to raw materials: Aluminum 35% YOY
US dollar purchasing power decrease, ~8% less value to RMB
When will things get better?! How far are you sold out?
Have you raised your prices? Yes, $2.8k to $3.2k
Has there been a drop in demand due to price increase?
Should people buy now or wait for situation to improve?
Interview with Norm at Cap’s Bicycle Shop begins
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