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Tuesday, April 24, 2012

Study: Used bike owners ride more, buy more [Bicycle Retailer]

Owners of bikes they bought used ride more, buy more, and visit bike shops more often than owners of bikes they bought new, according to a new study.

Used-bike owners also ride their bikes to work more often than owners of new bikes, and, in what the researchers called a big surprise, they are wealthier: 22 percent of owners with household incomes of $200,000 or more own a bicycle they purchased used, compared to 12.5 percent that own a bicycle they purchased new, said Elliot Gluskin, managing partner of The Gluskin Townley Group, which will release the complete results of the American Bicycling Consumer research study next month. 

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