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Record Results for Dahon in First Half of 2003

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DUARTE, USA (July 30) – Dahon California Inc., the world leader in folding bicycles, announced record first half 2003 results. Unit volumes grew by 38% compared to the first half year of 2002. Dahon produced and sold an all time record high of 90,000 folding bicycles in the first half of 2003 compared to 65,000 […]

DUARTE, USA (July 30) – Dahon California Inc., the world leader in folding bicycles, announced record first half 2003 results. Unit volumes grew by 38% compared to the first half year of 2002. Dahon produced and sold an all time record high of 90,000 folding bicycles in the first half of 2003 compared to 65,000 units a year earlier.
“2003 has been a difficult year for the global economy generally and the bicycle industry specifically, so for us to post these types of numbers is a credit to our strategy and our team here at Dahon.” stated Dr. David Hon, Dahon President. “Folding bikes have been a tough sell in this industry for most of the 20 years that we’ve been at this, but I think we’ve finally turned a corner in market perception. Dealers and consumers are finally realizing that folding bicycles have a lot of utility and fill a useful niche in the market.”
Dahon’s sales growth in 2003 has been broad-based, across all major geographic markets and at all price points. In more developed countries, the growth has been more at the middle and high price points. In developing countries like China, the growth has been at the lower price points.

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