Yep, think they see the writing on the wall. Shops are packed to the brim, and I'd guess have probably delayed ordering anything new for 2023 until they can sell what they have. But at the same time bike buying has slowed considerably. Prices are sky high while hyper inflation is beginning to take it's toll on the population. Everyone spent all that extra money they had when they couldn't spend it during covid... they also bought all the bikes they needed (and didn't need). Feels like a big empty pause has hit the industry.
Think Norco is pulling in all available resources and stopping spending on anything not deemed necessary at least until we get a better idea of what is really going to happen in 2023. Sucks, but probably smart.
Oct. 3, 2022, 3:09 p.m. - IslandLife
Yep, think they see the writing on the wall. Shops are packed to the brim, and I'd guess have probably delayed ordering anything new for 2023 until they can sell what they have. But at the same time bike buying has slowed considerably. Prices are sky high while hyper inflation is beginning to take it's toll on the population. Everyone spent all that extra money they had when they couldn't spend it during covid... they also bought all the bikes they needed (and didn't need). Feels like a big empty pause has hit the industry. Think Norco is pulling in all available resources and stopping spending on anything not deemed necessary at least until we get a better idea of what is really going to happen in 2023. Sucks, but probably smart.