Peloton Offers Refurbished Bikes in Time for New Year’s Resolutions

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Peloton Interactive Monday’s announcement by the company stated that refurbished bikes are available in the U.S. and Canada at up to $500 off new bikes.

Peloton Certified Refurbished will offer models at $1,145 or $1,995 along with the same 12-month warranty as new bikes.

“We are excited to offer refurbished Peloton bikes at these new price points, opening the engaging Peloton experience to even more members,” Amanda Shulman, Vice President for Emerging Business & Strategic Partnerships. 

A woman uses a Peloton bike to exercise in her own home.

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Shulman continued, “All pre-owned bikes have been refurbished and checked to meet our rigorous quality standards, and our new program allows us to find these bikes a second home.”

The fitness equipment Fitness enthusiasts were all about maker during this time COVID-19 lockdownsThe company achieved a peak value of close to $50 billion in early 2021.

Peloton Interactive

.Ticker Security Changes % PTON PELOTON INTERACTIVE, INC. 8.23 +0.35+4.44%

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Peloton noticed a decline in demand for its equipment as people returned to the gyms. saw its market cap slump Currently, less than $3 billion Shares have fallen more than 75% in the past year. 

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Peloton offered certified refurbished bikes for as low $500 to increase ridership in an attempt to boost their user base. 

Peloton isn’t the only one disinterested in expensive spin classes. SoulCycle, which offers individual cycling experiences, closed 25% its nationwide stores in August. 

Equinox owns SoulCycle. released their own at home bike In March 2020

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