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While it should come as no surprise to those who are following the rumors, Peloton has announced a new bike (Bike+) and a new lower-cost treadmill.
The Peloton Bike+ is the bike our Members helped build, designed to make it even easier to complement an indoor cycling class with Peloton’s strength, yoga, stretching and meditation classes, all streaming right on the Bike+. We’ve incorporated some of the most-requested hardware and software features Members told us they’d love to see, including a 23.8” rotating HD touchscreen which rotates 180 degrees left and right for easy viewing when you’re off the Bike. Other new features include a high-fidelity four-speaker sound system so instructor cues and killer playlists come through loud and clear; a one-tap integration with Apple Gymkit™ so you can pair your Apple Watch® with the Bike+ to keep your metrics in sync; and the Auto-Follow digital resistance system that automatically remembers your Target Metrics and scales your resistance up and down based on instructor guidance, allowing you to fully lose yourself in the class.
The original bike will remain for sale, but with a lower price of $1,895 with payments as low as $49 per month if financing. Bike Bootcamp classes will be available beginning on 9/15 taught by Robin Arzón, Jess Sims, and Cody Rigsby.
If you have the existing bike, you can trade it in (US only) for $700 off the new Bike plus receive a free Yoga & Toning accessories set. If you’re still within your 30 day home trial, Peloton will be refunding $350 off the purchase.
Also tracking with rumors, Peloton has announced a new lower-cost treadmill as well. According to Peloton, it measures smaller than most couches at 68” L x 33” W x 62” H. It’s coming in early 2021 for $2,495 in the US and Canada. In the UK, it will be available on December 26th, 2020. Visit Peloton’s official announcement for all the details. The original treadmill remains for sale and is now called Tread+.
Connect The Watts Take
While much of what was announced was already known, it’s exciting to see Bike+ and the treadmill in action. Of all the new features of the Bike+, the digital resistance system is the one that interests me the most. The video discusses how it works, but in short, it can follow your target metrics and increase/decrease based on what the instructor calls for in the class.
The key metric for Peloton will not be how many they sell, but how many they can actually deliver to customers. Peloton’s number one problem of 2020 has been meeting the demand for its products, and additional ones will certainly create excitement.
Are you planning to upgrade to the new bike? Are you planning to trade yours in or sell locally?