Jakarta, CNBC Indonesia – Recently, the price of Brompton bicycles, a folding bicycle made by Brompton Bicycle from Greenford, London, England, has continued to decline in recent months. Whereas last year, the price increase of this folding bike (seli) was insane.
Then from the beginning to the middle of this year, the price of the sub has decreased, and will continue until the end of 2021.
This is obtained from the acknowledgment of this bicycle trader that the price decline of the Brompton reached millions of rupiah, in contrast to last year’s increase of millions of rupiah.
“At that time (2020) it reached IDR 37 million M6R or S6R, now it has dropped to IDR 34 million, so it’s about 10%,” said Spin Warriors bicycle shop owner Sonny Wahjudi to CNBC Indonesia, quoted Friday (16/9/2020). 21).
The main reason for the decline in prices is because demand is not as high as last year, while stocks are much more abundant. Traders also admitted that the price decline was very pronounced.
“Because there are more goods, according to economic law, demand for empty goods goes up, the price goes up, if there is a lot of goods, demand goes down, the price goes down,” said Sonny.
For example, for Brompton types such as the M6L Raw Lacquer, last year the price reached Rp 41 million, then the price dropped to around Rp 37 million at the beginning of this year.
The M6R BE Color model, from Rp. 43 million, has now dropped to Rp. 39 million. Then the M6R BE Lacquer, which was originally in the range of Rp. 46 million, had returned to the figure of Rp. 42 million. Currently, the price is even lower to Rp. 41 million.
As for Brompton, which had touched the figure of more than Rp. 50 million, it was the M6L Flame Lacquer of up to Rp. 53.2 million, even though the fair price was Rp. 38 million. Now it has touched IDR 37 million.
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