SkipdiverJohn
Deplorable Brexiteer
- Location
- London
Your points are all valid and there are definitely great deals, at all levels, out there in the second hand market. You can’t really count those as new bike sales though tbh.
If there's an abundance of secondhand anything in a market at very attractive prices, then a lot of potential new buyers will opt for used examples instead. I would not dream of buying a brand new car purely because of the depreciation, I'd get one maybe 2 years old at little over half the list price of new.
If there was a shortage of used bikes around, used values would rise closer to new prices, therefore more buyers would bite the bullet and buy new, often for warranty reasons etc. The enthusiast market is driven by an aspiration to own a particular make/model and they will pay for it. The mass transportation market is driven by cost and ready availability. A lot of station commuters or pub-goers couldn't care less what make, model, colour etc of bike they have, so long as it's cheap and it gets them from A to B. The enthusiast market is tiny in relation to the market for get to work hacks.