Why are cycling product prices increasing?
The pandemic has thrown the world into chaos and bike prices are no exception. After years of stability, prices are now soaring as bike companies struggle to keep up with demand. OHM is one of the many companies feeling the effects of the pandemic and we are warning customers that prices are going to go up. On Apr 11, 2022, our bike pricing is increasing on average approximately 7%, which is in line others in the bicycle industry.
Higher Raw Material Costs
The cost of OHM's raw materials is rising at an unprecedented rate. Steel, aluminum, and carbon fiber are all becoming more expensive to source. The price of aluminum has reached an all-time high, and supply is running low due to high demand from other industries. OHM is feeling the squeeze as costs continue to rise.
The impact of the shipping slowdown has been far-reaching. In the US, the cost of a new car has risen by an average of $1,400 because of the shortage of shipping containers. You may not have realized it, but the shipping slowdown has likely been affecting you in more ways than one.
There has been a noticeable lack of typhoons hitting the country over the past few years, which has had a positive effect on many aspects of life. However, this also means that there has been a decrease in the amount of storms that leave behind water, which is essential for the manufacturing sector of Taiwan.
What’s the good news?
Our new bikes are getting a big upgrade in the way of more powerful motors! So, you absolutely will get your money’s worth.
Quest 2 SUV PRO: EP8 @ 85Nm
Quest 2 SUV: EP8 @ 85Nm
Quest 2: EP8 @ 85Nm
Cruise 2: E7000 @ 70Nm
What are the new prices?
|MSRP (CAD)||MSRP after Apr 11, 2022 (CAD)||
MSRP after Apr 11, 2022 (USD)
|Quest 2 SUV Pro||$6,999.00||$7,699.00||$5,999.00|
|Quest 2 SUV||$6,399.00||$6,999.00||