BOULDER, Colo. (BRAIN) — The NPD Group says IBD bike sales were up 4 percent in dollars and 7 percent in units in the first nine months of 2015.
"Contrary to the first nine months of 2014, the cycling industry is on the plus side heading into this holiday season," the retail tracking company said.
The company said sales of electric, transit/fitness and mountain bikes drove the sales increase. It said accessories — which include items such as bike lights, fenders, racks, and water bottle cages — have also grown in both dollar and unit sales, after declines in 2014.
"The cycling business has been challenged for the last few years; however, the consumers' shift to more practical and versatile bikes has boosted its sales greatly in 2015," said Matt Powell, an NPR sports industry analyst.