Gas Prices Up, Bike Sales Up

The majority of retailers who responded to a Bikes Belong survey said their sales of transportation-related bicycles, accessories, and service have increased in 2008 compared to 2007:

* 73% said they are selling more bikes.
* 84% said they are selling more accessories.
* 88% said they are selling more service.

Is this increase in sales because of high gas prices? Most retailers who we surveyed think so:

* 95% of shops said customers cited high gas prices as a reason for their transportation-related purchases.
* 80% of retailers said gas prices were helping them sell more bikes for transportation.
* 86% thought accessory sales were getting a boost.
* 89% said they were selling more service because of high gas prices.

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