Wheel Values

I have been looking at wheels for my triathlon bike and I have a hard time understanding how aero wheels are so expensive! Even used, it is remarkable to me that aero wheels hold their value so well. Some wheels I see, like a HED h3 are 10+ years old and still ~$400. Seems like the market would be so saturated at this point that you could pick up a set for a couple of hundred dollars total. …but you really can’t.

I really don’t get why a company hasn’t come into this market and made an incredibly inexpensive wheel. Especially a disc wheel seems like it would be very easy to manufacture for cheap!?

I was looking on eBay and saw this, doesn’t look particularly strong, but inexpensive for sure.
http://www.ebay.com/itm/360860013194

I’m surprised that nobody has come out with aero versions of things like these. It’s just sad for triathlon in my opinion that it’s so much money to enjoy. I have lots of hobbies, and triathlon is one of them. I do a couple of triathlons a year and I show up to try and get on the podium which is hard to do if you don’t have a nice set up. Not impossible, just harder.

The wheel in your ebay link isn’t actually aerodynamic.

These are though:
http://www.flocycling.com/

and you can get a disc wheel even cheaper like so:
http://www.wheelbuilder.com/aerodisc.html

Saturation

In terms of your saturation comment… people just aren’t selling them at that price. You can have extreme saturation of HED3’s, but unless somebody is willing to SELL that wheel at a low price, they’re just going to stay high. The intrinsic value stays up; not to mention that people dont’ tend to want to lose a ton of money on wheels that they paid hundreds for, even if it is 10 years old.

It also speaks to the quality of the wheel; it’s basically bombproof, super aero, and awesome. It’s basically the perfect wheel, sans for its weight. For many, that weight is negligable. Hell, I’d put some on my road bike if I had some. At this point I’m riding a 50/88 setup, so I doubt it’ll happen soon, but I ALWAYS jump at the rare 400 dollar set that goes on here or eBay when I get the chance. Always. Because they’re worth it at that price, IMO.

Anyway,

The wheels you listed

  1. Not aero
  2. Heavy

But in terms of the overall idea, we already HAVE those 20 dollar cardboard bicycles that are absolutely amazing. And work. But it would just ruin the market to sell them here, hence, we don’t have them. The wheels themselves aren’t that expensive, but you are working in a niche market that doesn’t sell “that many” of each set. So they have to

  1. Pay people who build these things
  2. Pay engineers
  3. Pay marketing
  4. Pay for the building and equipment
  5. Pay a whole bunch more stuff

And if you want to talk performance, you really can go chinese carbon in terms of wheels and be absolutely fine; the quality control and carbon used is on par with the big name brands; only issue is possibly build (possibly), and the long turn-around time if your wheels break under warranty, which is super rare. But of course, you have a ton of nay-sayers who don’t have first hand experience who just hate non-branded things because it’s the internet and self justification/verification of a super pricy product. But that’s getting off topic.

In terms of aero, regardless of what brand that wheel is, you’re talking single digit wattage savings when comparing wheels of similar depth, most of the time. MOST. For many people, it isn’t worth spending a grand when you can get, literally, 90+% of that for half the price. The rest is in branding and, again, we’re human. For some of us, it’s worth it to have ZIPP or ENVE or whatever on the side of that rim. It matters. You couldn’t get half the people riding them to give you numerical quantification of the benefits those wheels have over something cheaper. The data is out there but how many people are reading?

Lastly, it isn’t always about making the cheapest and best thing, sometimes you have to sit back and see the “big picture.”

I mean, as an example, we can replace, literally, ALL fast food workers with robots and you’d never have an improper order and food would always be hot and quick, but it would ruin this country. That’s why we still have people working at McDonalds who can’t make a hamburger with no cheese and no pickle. We can’t just throw people to the streets.

So… yea.

As others have begun noting, there are a few important factors:

  • For some of the used wheels you encounter, they may be race wheels that have not been ridden much, even in 10 years. For many, below $400 (or whatever price) it’s probably not worth to lose more since replacement cost is so high. $400 could be 20% of original price.
  • Materials: the carbon fiber and other materials in a lot of these wheels are the same as used in aerospace and other industries, so the bike companies are competing with them, and the bike companies account for a tiny percentage of total sales from the big suppliers (last I heard, there are five major suppliers of high-grade carbon fiber in the world). They charge bike companies a lot for their relatively small orders.
  • R&D: Personally, I’d rather have a wheel that has been engineered by someone who knows what they’re doing, especially when I’m going downhill at 50 mph with a thin layer of spandex and helmet for protection. And I don’t just want an aerodynamics engineer – I also want a structural engineer who can certify that my wheels will withstand the forces encountered in cycling.
  • R&D cost per wheel: Most bike companies are constantly improving their designs, so R&D are not just one-time costs, but rather, they’re on-going. And while bicycles are common, high-end race wheels are a tiny sliver of the market, with many companies offering heavily engineered products to a tiny group of racers and triathletes. I’m sometimes surprised at how many offerings there actually are. Granted, there is undoubtedly more re-badging and outsourcing than we actually see. But in order to recoup their investments in engineers, carbon fiber molds, marketing, etc. companies have to charge what the market will bear, which is pretty expensive.
  • The wheel has many intricate parts: hub, spokes, rim, fairing, etc. All of these need to be tested and built to relatively high standards.

I can’t imagine hurtling down hill on a $200 piece of junk rim. I would never have confidence in it, nor would it likely be safe. It’s just not possible to do.

I recommend reading the FLO website – they have a great description of their quest to produce affordable wheels that are safe. It took them a while to figure it out (their products are superb – the best value out there). I also have a great set of Shimano wheels – they’re a company that doesn’t put out a product until it is meets the strictest standards, and I love their products and feel very confident in them as a company. I’m also lucky to have a pair of ENVE wheels – some of the most cutting edge stuff out there, and they are amazing pieces of engineering, both aerodynamic and structural, and their company is one of the most professionally-run that I have encountered.