News bot Posted December 14, 2023 Share As 2023 draws to a close, let’s rewind the past 12 months on Bike Hub. This year, events continued their comeback: a welcome return to some semblance of normalcy. However, the supply chain challenges of 2020-2022 transformed into a global oversupply issue, impacting numerous brands. This shift prompted major players to implement significant price reductions in a bid to clear excess stock. Against this backdrop we delve into our numbers to see how the market dynamics played out on Bike Hub in 2023. Headline Statistics Classifieds Activity We saw a whopping R237 million in sales proactively confirmed by users. Thats […]View full article Link to comment Share on other sites More sharing options...
SwissVan Posted December 14, 2023 Share “We saw a whopping R237 million in sales proactively confirmed by users. Thats nearly R20 million a month” Sooooo 😇 How much does le bike hub make out of this? Frosty 1 Link to comment Share on other sites More sharing options...
Frosty Posted December 14, 2023 Share 14 minutes ago, SwissVan said: How much does le bike hub make out of this? None of our business. peepeekaitjie and ChrisF 1 1 Link to comment Share on other sites More sharing options...
Bike Dewing Posted December 14, 2023 Share 18 minutes ago, SwissVan said: “We saw a whopping R237 million in sales proactively confirmed by users. Thats nearly R20 million a month” Sooooo 😇 How much does le bike hub make out of this? Think that’s just the value on marking things sold and not putting in how much they got low balled by.. 🤔🤷🏼♂️🤣 Hairy, Frosty and RoadNoob6 1 2 Link to comment Share on other sites More sharing options...
ChrisF Posted December 14, 2023 Share 5 minutes ago, Michael Dewing said: Think that’s just the value on marking things sold and not putting in how much they got low balled by.. 🤔🤷🏼♂️🤣 You forget that Bike Hub Pay has the ACTUAL amounts, for the sales that use this option. If nothing else, this must give them a good indication of advertised vs sold prices. Matt 1 Link to comment Share on other sites More sharing options...
Matt Posted December 14, 2023 Share 6 minutes ago, Michael Dewing said: Think that’s just the value on marking things sold and not putting in how much they got low balled by.. 🤔🤷🏼♂️🤣 Correct, this figure is the listed at price and not necessarily the final selling price. We have data for a small but meaningful sample (1,200 transactions) and the difference was just 5.11%, i.e. selling price on average just 5.11% lower than listed price. In 2022 that difference was 4.2% across a similar number of transactions. ChrisF, Hairy and Frosty 3 Link to comment Share on other sites More sharing options...
Bike Dewing Posted December 14, 2023 Share 6 minutes ago, ChrisF said: You forget that Bike Hub Pay has the ACTUAL amounts, for the sales that use this option. If nothing else, this must give them a good indication of advertised vs sold prices. Well I Wonder what the percentage of sales using bike hub pay compares to the offline payments to complete the sale.. I’ve never used it Link to comment Share on other sites More sharing options...
Hairy Posted December 18, 2023 Share Impressive to look back at the 2014 stats in relation to the 2023 stats. Nice work. Link to comment Share on other sites More sharing options...
Hairy Posted December 18, 2023 Share Trek are doing something right as search for their name has properly increased each year. Link to comment Share on other sites More sharing options...
Hairy Posted December 18, 2023 Share On 12/14/2023 at 2:33 PM, SwissVan said: “We saw a whopping R237 million in sales proactively confirmed by users. Thats nearly R20 million a month” Sooooo 😇 How much does le bike hub make out of this? "How much does le bike hub make out of this?" I certainly hope they are making enough, and a good bit more as a reward for first creating this site and evolving it to where it is today. Zebra, Scary Rider, Cycling 4020 and 1 other 4 Link to comment Share on other sites More sharing options...
Shebeen Posted December 19, 2023 Share i just came here to make sure I wasn't on the list of top posters. mission accomplished Hairy and ChrisF 2 Link to comment Share on other sites More sharing options...
Hairy Posted December 19, 2023 Share 4 hours ago, Shebeen said: i just came here to make sure I wasn't on the list of top posters. mission accomplished so did I, but could not find the list of heavy commentors Link to comment Share on other sites More sharing options...
SwissVan Posted December 29, 2023 Share 😗 did someone mention millions 😗 ChrisF and DJuice 1 1 Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now