I have a friend (male) who's been riding his old old old WalMart bike to work almost everday for the last 2 months. He's concerned that it's falling apart and is beginning to look into buying a new bike.
Based on forum searches and what I've read, I *think* I can help him choose which type of bike. He isn't looking for anything grand, and I suspect he isn't willing to pay more than a grand, but he's wondering when to buy. So, is my memory correct and new bikes come out in the fall = fall is a good time to buy last years, or is that theory wrong?

thanks