Peloton just paused all bike and treadmill production — and you're about to pay more

Peloton merely paused all cycle and treadmill production — and you're about to pay more

a photo of a man on a peloton bike at home

(Image credit: Michael Loccisano / Staff)

If you thought Mr Big'southward heart attack was the worst thing to happen to Peloton in 2022, think again. Today, shares in the at-dwelling house fitness behemothic have plummeted by more than 20% after reports that Peloton was temporarily halting all production of their bikes and treadmills due to a lack in demand.

Even worse: Peloton is about to increment the toll of delivery for the Peloton Tread, Peloton Bicycle and Peloton Bike+, making them fifty-fifty more than expensive.

Is now a expert time to purchase a Peloton?

In a word, yes. Peloton is increasing its prices on its Tread and Bike from Jan 31, citing rising inflation and heightened supply chain costs. The company will now be asking buyers to pay an additional $250 for the delivery and ready up of the Bicycle, and an additional $350 for the delivery and gear up of the Tread, according to a new imprint on the company'southward website.

This will raise the price of the Bike from $1,495 to $1,745, and the price of the Tread from $2,495 to $2,845. The price of the Cycle+ will remain the same. Until now, the toll of delivery and set upwardly has been included in the cost of the production.

The United kingdom and German websites also have similar messaging with price increases.

A Peloton spokeswoman told CNBC in an emailed statement, "Like many other businesses, Peloton is beingness impacted by global economic and supply chain challenges that are affecting the majority, if not all, businesses worldwide."

"Even with these increases, nosotros believe we still offer the all-time value in continued fitness, and offering consumers various financing options that make Peloton attainable to a wide audition," the spokeswoman said.

What does this mean if y'all're already a Peloton user?

If you lot're already a Peloton subscriber, at the time of writing, nothing looks prepare to change. The $39.99 subscription fee volition still utilize to new and existing Peloton users.

Is Peloton worth information technology?

A tricky i to answer. Right now, things don't wait corking for the brand, and every bit a fitness editor, I've always believed exercise equipment is just worth it if you actually use it (I can't tell you lot how many people I know who apply their treadmill as a wearing apparel horse). That said, in my Peloton Tread review, I was diddled away by the community element only Peloton seems to bring to the market, and the variety and quality of the classes is splendid. Here's what some other one of our editors learned after using the Peloton for a month.

Does this spell the stop of Peloton? I hope not, simply if I was considering adding a Peloton Bike or Tread to my home gym, I'd definitely invest in the next 11 days, that'due south for sure.

If yous are shopping elsewhere, however, check out the all-time treadmills we've tested and the best Peloton alternatives hither on Tom'southward Guide.

Jane McGuire is Tom's Guide's Fitness editor, which means she looks subsequently everything fitness related - from running gear to yoga mats. An avid runner, Jane has tested and reviewed fitness products for the by four years, and so knows what to await for when finding a good running spotter or a pair of shorts with pockets big enough for your smartphone. When she's not pounding the pavements, y'all'll find Jane striding round the Surrey Hills, taking far too many photos of her puppy.