- Flywheel: Benchmarking Miami's Used Ebike Market | Vehicles from Momentum, Magnum, Rad Power, Moustache, & Lectric
Flywheel: Benchmarking Miami's Used Ebike Market | Vehicles from Momentum, Magnum, Rad Power, Moustache, & Lectric
Exploring Miami's secondary ebike market & featuring the top 5 vehicles of the week
Welcome to Flywheel, a weekly exploration of the owned and used micromobility. Each newsletter will highlight an observation of trends emerging in the industry and feature five of the most interesting used vehicles being sold in the secondary market.
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The observation of the week explores Miami’s secondary ebike market. This week’s featured vehicles are three longtail cargo bikes, an electric mountain/trail bike, and a budget two-seater folding ebike.
Observation of the Week
Benchmarking Miami's used ebike market
For those who haven’t already heard, soccer legend Lionel Messi recently transferred to MLS team Inter Miami CF. In honor of his move to Miami after having lived in Paris and Barcelona, two of the most bikeable cities in the world, this week’s Flywheel benchmarks the secondary ebike market and the state of ebiking in Miami against the five largest ebike markets in the US (SF - Bay Area, LA, Seattle, NYC, and Denver).
Quick Stats on Miami’s Secondary Ebike Market:
Average Number of New Listings per Week:
On average, there are only 9 new used ebike listings per week in Miami vs. the average of ~45 new listings in other major US ebike markets.
Average Resale Price:
Miami’s average resale price of $1,713.82 is slightly lower than SF, Seattle, and LA, but is largely on par with the national average. NYC continues to be a standout with the least expensive used ebikes, listing at an average resale price of $1,224.64.
Miami’s average mileage of used ebikes is 224.39mi, which is on the lower end but similar to the average mileages of used ebikes in LA and Denver.
Top 5 Ebike Brands in Miami:
The top 5 most commonly listed ebike brands in Miami, in order, are Aventon, Bintelli, Lectric, Magnum, and Juiced. Most of these brands are affordability-focused D2C OEMs.
Breakdown by Form Factor:
Miami is dominated by recreational ebike form factors, which account for 57.96% of the region’s used ebike market. Sport ebikes on their own make up 33.8% of the market.
The State of Micromobility in Miami:
The data above suggests that Miami is an earlier market for ebikes that consists of more leisure/sport-focused riders that are newer to micromobility. A comment from Miami-based ebike enthusiast and Flywheel subscriber Salvador Vieta on why this may be the case:
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Top 5 Vehicles of the Week
The Momentum Pakyak is a premium class-2 longtail cargo bike. Momentum is a Giant’s urban rider focused-brand, and their vehicles combine the high-quality componentry and rideability Giant ebikes are known for with city-focused designs and accesories. Its powertrain features an 80Nm Giant SyncDrive Pro mid-drive motor (a custom system built on top of the Yamaha PW-X motor series) and a 500Wh Giant EnergyPak Compact battery. The vehicle also features a suspension dropper seat post and hydraulic brakes, which combine with the mid-drive to make riding the Pakyak extremely smooth and natural. The Pakyak is considerably larger and heavier than other cargo bikes, which makes its maneuverability and balance worse given the higher center of gravity. However, it’s still shorter than the average commuter and can mostly handle its max payload capacity of 361lbs in a stable way. Given that Momentum is under the Giant umbrella, Momentum ebikes have access to the massive service network of one of the bike industry’s big 3. Despite how expensive it is, the Pakyak E+ is still reasonably well priced and delivers an experience that fits its price tag. This listing has a mileage of <200mi and comes with rear footrests, 2 child seats, and a front rack. Listing can be found here.
The Magnum Payload is a class-2/3 longtail cargo bike sold at a mid-tier price point. Its powertrain features a 90Nm rear hub motor custom designed for fat-tire cargo bikes and a 624W battery pack. There’s also several other features like hydraulic brakes, a suspension seat-post, a built in front-rack, and decks for the rear rack and side foot rests that help make the Payload an excellent cargo hauler right out of the box. Magnum has fast become the go-to choice for delivery couriers. Not only are its vehicles highly reliable and easy to maintain (Magnum has a sizable servicing network of bike shops despite being a D2C brand), they also offer significantly better components at only a slightly higher price points than those of budget cargo bike brands. This listing, according to the seller, is “a great bike for the family or delivery” and was primarily used as a minivan replacement for grocery runs and school pick-ups/drop-offs. It has a mileage of 800mi, was recently tuned up by Magnum, and includes 2 48L XL cargo bags that are great for hauling or delivering food. Listing can be found here.
The Rad Power RadWagon is a budget class-2 longtail cargo bike and the most popular cargo bike in the market, both for used and (likely) new. I think of it as the Dodge Caravan or Chrysler Pacifica of ebikes: an ultra affordable vehicle that is both highly practical and reliable. Its powertrain features an 80Nm Bafang rear geared hub motor and a 672Wh battery pack, and is capable of hauling a 350lbs max payload capacity on its integrated rear rack. The vehicle’s short step-over height and 22” custom tires give it a low center of gravity and make it much easier to maneuver than the average cargo bike. It’s also an extremely modular vehicle, and can be configured with a series of child seats, seat pads, cargo carriers, and many more accessories required for any type of cargo hauling. Rad Power has taken the ebike world by storm, and its affordable vehicles have been a great introduction for many new riders to the world of micromobility. The RadWagon certainly doesn’t have the technology features or sleek design of many of its competitors. However, it retails for far less than most other cargo bikes and even many D2C commuters that offer far less utility. This listing is brand new and unused, and it was recently fine tuned and test ridden by a mobile Rad Power tech. Listing can be found here.
The Moustache Samedi 27 is a premium class-1 full-suspension mountain or trail ebike. It’s a model that has become popular with mountain bikers because the components are less complicated than those of other mountain ebikes and therefore require less maintenance. Additionally, large portions of the chassis are made of a carbon alloy, which make it ultra light (52.5lbs) despite its high-performance parts. Its powertrain features a 75Nm Bosch Performance CX mid-drive motor and a removable 500Wh Bosch PowerPack battery pack that is sleekly housed in the downtube. The Samedi 27 also includes an 11-speed Shimano Deore XTR drivetrain, full suspension, and hydraulic disc brakes, all of which are at par with parts found on much more expensive mountain bikes from the likes of Haibike and Trek. Moustache is a French brand that is not as popular in the US as it is in Europe, but the fact that it exclusively uses Bosch systems makes their ebikes easy to service at most US bike shops. The Samedi 27 is only sold in limited supply in the US, so this is listing with a mileage of only 800mi is a rare find. Listing can be found here.
The Lectric XP 3.0 is a budget class-3 folding ebike and an upgrade to the XP 2.0 model that established Lectric’s popularity and position as one of the highest quality budget ebike OEMs. Its powertrain features a 55Nm rear hub motor and a 500Wh battery pack. Compared to the XP 2.0, the XP 3.0 costs the same but features a stronger and quiter motor, a better motor controller, stronger brakes, and added suspension. The most notable upgrade is the motor, which makes the XP 3.0 capable of transporting two adult passengers when paired with Lectric’s $74 rear passenger package. At a retail price of $1,099, the XP 3.0 is arguably the best budget ebike in the market and almost certainly the cheapest two-seater ebike. The seller of this listing actually originally bought this vehicle for its two-passenger utility. As per the seller, “[we] got this bike when my wife and I didn't know how to drive. We were planning on using this as a commuter bike.” This listing has a mileage of 112mi and was only used 5-7 times. It was recently serviced and inspected, and comes with the $74 Lectric Rear Passenger Package and a front rack. Listing can be found here.
That’s it for this edition. Thanks again for joining, see you next week!
- Puneeth Meruva
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