'Significantly worse than expected': Halfords cycle sales fall, and there's more to come

Tips for buying second hand bikes include using schemes such as Halfords selling refurbished used bikes.

Halfords has experienced "significantly worse than expected" performance in the cycling market, and expects the situation to decline further for 2025, it has said in its preliminary report for the 2024 financial year.

It also points to Bicycle Association figures that show a cycling market that remains 30% down on pre-Covid levels.