Traxio: ‘New speed pedelecs sales plunge, used ones surge’

According to Filip Rylant, spokesman of the mobility federation Traxio, November confirms the trend of recent months on the bicycle market. Sales of new speed pedelecs dropped by as much as -15.1% (864 units) while second-hand sales continued to grow, with an increase of +7.6% (524 units).

Consumers are increasingly opting for the second-hand market. Over the last eleven months, the market share of used vehicles has increased significantly, from 30.3% in 2023 to 38.4% in 2024, while the market share of new fast bicycles has fallen from 69.6% to 61.6%.

Affordable alternative

Over the first eleven months of 2024, the number of registrations of second-hand SPs increased by +17.1% compared to the same period in 2023 and by +40.8% compared to 2022.

However, according to the professionals, there is a renewed interest in new speed pedelecs. In recent weeks, more order forms have been signed for speed pedelecs, which will be registered in 2025.

In 2024, the leasing segment sharply declined, from 7,367 to 6,117 registrations or -17%. The private sector segment decreased by -18%, from 5,243 to 4,297.

Lease bicycles come onto the market after a few years as affordable second-hand bicycles. This opens up perspectives for those looking for a fast but affordable alternative.

Flemish phenomenon

In the business segment, leasing went from 2,094 to 1,678, a decrease of -19.9%. Just over half (50.6%) of the registrations of new speed pedelecs come from leasing, 35.5% from private individuals, and 13.9% from business customers.

On the second-hand market, private individuals dominate with a market share of 92.9%, followed by companies with 5.7%, and leasing with only 1.4%.

In 2024, new and second-hand speed pedelecs remained a predominantly Flemish phenomenon. Flanders accounts for 94.6% (new, 11,441 units out of 12,092) and 91.2% (used, 6,867 units out of 7,532) of the market, respectively.

All Flemish and Walloon provinces recorded a decrease in new speed pedelecs compared to 2023, with declines between -3 and -44%. Among the most extreme are Namur (-44%), Liège (-43%), and East Flanders (-3%).

On the other hand, all provinces (except Liège and Hainaut) show significant growth in second-hand speed pedelecs, with increases between +7 and +45% – Antwerp, for instance, +19% and Brussels, +45%.