Dahon Reports Steady Growth in First Half of 2009

DUARTE, California — Dahon announces steady growth in sales for the first half of 2009, with a 6% increase in unit volume and a 27% increase in revenues, compared with the year earlier period. According to Dr. David Hon, Dahon president and CEO (photo)

“Sales for the first half of 2009 went remarkably well considering the global economic environment. Despite the worldwide economic downturn, our sales remained stable as more people turned to cycling for transport.

In the last few years, cycling has gained a lot of traction as a consumer lifestyle choice for transport in big cities and we expect this trend to continue.”

The world’s biggest in folders sold 254,000 folding bicycles in the first half of 2009 compared with 239,000 units during the same period in 2008. The 27% increase in revenues was driven by an increase in the average selling price of Dahon product as more people opted to invest in higher quality models for their commuting needs.

Dahon also saw good growth in parts and accessory sales, especially through its network of 1,000+ dealers in China. “Bicycles continue to prove to be a viable and efficient form of transportation from an economic and resource standpoint,” stated Dr. Hon. “More and more cities around the world are incorporating bicycle rental programs as part of their transportation infrastructure. And the overwhelming feedback from members of the global bicycle advocacy we met at Velo-city 2009 in Brussels is that folding bikes will be an integral part of future transport policy.”

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