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Do we know why they are so inexpensive? Are they going bankrupt?
Diamondback was purchased by a new ownership group a couple/few months back (they also recently acquired Mavic and Raleigh, among other brands) and the new owners have decided that the expenditures necessary to support a triathlon product line don't make economic sense at this point in time.
Frankly, I think just about anyone in their position would have made the same decision. Dropping money into marketing and supporting a high-end triathlon bike project right at the moment that a global pandemic hits is a tough sell to your investors. It's especially tough when you literally can't produce enough product to keep up with demand at the sub-$1000 end of the road/Mtb product line, and need to dedicate resources towards sourcing those products to capitalize on a completely unforeseen market demand.
They're definitely not going bankrupt, in fact my understanding is that they're way, way up on projected/historic sales figures this season. They just need to concentrate on selling the product that people want to buy right now, and that isn't high end tri bikes.
Tech writer/support on this here site. FIST school instructor and certified bike fitter. Formerly at Diamondback Bikes, LeMond Fitness, FSA, TiCycles, etc.
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