Important Update: How New Tariffs Will Affect Bicycle and EBike Prices
Recent legislation is impacting the Bike and EBike markets in the United States. On June 14, 2024, the U.S. government will implement a 25% tariff on bicycles, ebikes, kids' bikes, and other related products imported from China. As a result, we’ve had to make the very difficult decision to raise prices on some of our bikes and ebikes by an average of 13%.
Why are bike prices increasing?
The current tariff is set at 25%, but future tariffs could potentially rise even higher, with proposals suggesting increases up to 60% or more. With approximately 90% of bicycles sold in the U.S. being manufactured in China, the bicycle industry as a whole cannot avoid these tariffs in the short term, and there aren’t enough bicycles produced outside of China to meet U.S. demand immediately.
When will bike prices increase?
The tariff goes into effect on June 14, 2024, but we do not plan to raise prices on the inventory we already have. Many of our bikes that are currently in transit will be affected, so some models will see price increases as early as June 14, while others will follow in the subsequent months as new shipments arrive.
What does this mean for you?
If you're planning to purchase a new bike, now is the time to do so. We are doing everything in our power to delay increasing our prices, but eventually we, like many other U.S.-based bicycle retailers, will be unable to avoid these steep cost increases. We strongly recommend that you purchase your bike or ebike now to take advantage of our lower prices while you still can.
Which retrospec bikes are affected?
Here's a list of the retrospec bike models that will experience price increases. If you were thinking about purchasing one of these models, we recommend buying as soon as possible to avoid higher prices:
Pedal Bikes:
- All Chatham Beach Cruisers
- Judd Folding Bike
Electric Bikes:
- Abbot Rev Commuter
- Abbot Rev Commuter ST
- Beaumont Rev 2 ST
- Boca Rev
- Chatham Rev 2 Beach Cruiser
- Chatham Rev 2 Beach Cruiser ST
- Chatham Rev+ Beach Cruiser
- Chatham Rev+ Beach Cruiser ST
- Jax Rev Folding
- Joe Rev BMX
- Judd Rev Folding
- Koa Rev 2 Fat Tire
- Koa Rev 2 Fat Tire ST
- Koa Rev+ 2 Fat Tire
- Koa Rev+ 2 Fat Tire ST
- Napa Rev Fitness Hybrid
- Napa Rev Fitness Hybrid ST
- Valen Rev 2 Fat Tire
- Valen Rev+ Fat Tire
- Valen Rev+ Fat Tire ST
Kids’ Bikes:
- Beaumont Mini 16"
- Chatham 24" Beach Cruiser
- Dart 20" 7-Speed
- Dart 24"
- Koda 12"
- Koda 16"
- Koda 20"
- Koda 24" 7-Speed
- Koda Plus 12"
- Koda Plus 16"
- Koda Plus 20"
- Sesh 20" Youth BMX
Stay Informed
We are committed to keeping you informed about any further changes. As our planning progresses, we will continue to provide updates to ensure you have the most current information.
Thank you for your continued support. Stay tuned for more updates, and happy riding!
Ely Khakshouri
CEO, retrospec