During the first quarter of 2009, more bicycles were sold in the US than cars and trucks. While the Great Recession is hurting bike sales, they didn't fall as fast as automobiles. Around 2.6 million bicycle purchases were made, compared to ~2.5 million cars and trucks that left our nation's lots.
I don't mean to say that bicycle sales are unfazed by the recession. They are actually down more than 30% from the first quarter of 2008. But that percentage drop is slower than the 35+% drop in sales for cars and trucks. Since nationwide gasoline prices are now rising above $2.40 per gallon at the pump, we may see another wave of US residents shifting to bicycles for their everyday trips. The large savings from riding a bike over short distances rather than driving can help consumer confidence and support economic recovery.