savageseadog
Well-Known Member
I was phoning around for quotes on some fairly Hitech non UK rigging and was warned that prices will go up by approximately 30% in the new year. It's probably going to be pretty much everything in the end I guess.
Marine Goodies Due for Sharp Increases in Cost
- Thread starter savageseadog
- Start date
Chris_Robb
Well-Known Member
Penguin Refridgereation will be raising their prices by 30% in Jan
Beadle
Well-Known Member
Could it have been a push to get your money now.
With retailers dropping of the perch hand over fist I doubt anyone will be increasing prices as much as that - if at all.
Wait of them going bust and make an offer to the receiver for the stuff.
With retailers dropping of the perch hand over fist I doubt anyone will be increasing prices as much as that - if at all.
Wait of them going bust and make an offer to the receiver for the stuff.
Talulah
Well-Known Member
It won't just be big rises in the boating industry. The High Street will be severely hit. Lots of the stock in the High Street is bought in Dollars or Euro so restocking costs are going to be high. As a consequence I expect to see big price rises in the High Street and Supermarkets which in turn will feed a lack of sales and even more retail outlets going to the wall.
If you are planning on making a major purchase it could be best to buy pre-New Year and not wait for the Sale season.
It's all gloom and doom.
If you are planning on making a major purchase it could be best to buy pre-New Year and not wait for the Sale season.
It's all gloom and doom.
Talulah
Well-Known Member
Just to be a bit cynical. We could see some 30% price rises due 1st January followed by a 20% off boat show offers.
ifomin
Member
Could be that so much stuff now comes from Euroland and the the pound has dropped so much against it
earlybird
Well-Known Member
Last week, the UK agents for Wallas boat products hiked prices, (by about 15% I reckon ), they say as a direct result of the falling value of the pound.
Norman_E
Well-Known Member
I wonder how the idiot in charge of the Bank of England will justify his prediction of negative inlation when all these price rises take effect.
rhumlady
Well-Known Member
The question is did they drop the prices when the pound was high?? I think not...
npf1
Well-Known Member
I was told last week that Profurl are increasing by 30%on Jan 1st cos of the FX rate.
BlueSkyNick
Well-Known Member
BAH !!!! HUMBUG /forums/images/graemlins/frown.gif
Twister_Ken
Well-Known Member
In this environment, increasing prices for anything that is a discretionary purchase will kill sales.
Phoenix of Hamble
Well-Known Member
So, which major marine manufacturers are UK based, with UK manufacturing?
They'll probably be in for a better time than many other marine businesses..... only I can't think of any of the top of my head!
They'll probably be in for a better time than many other marine businesses..... only I can't think of any of the top of my head!
Twister_Ken
Well-Known Member
Spinlock? Lewmar? Barton?
Or have they all shipped mfg overseas?
Or have they all shipped mfg overseas?
gavina
Well-Known Member
The exchange rate has gone from 66p/euro to over 90p/euro and almost 2US$/£ to around 1.5US$/£ in a few months - it doesn't take much thinking to see how prices have been affected.
Jock89
Well-Known Member
"Could it have been a push to get your money now.
With retailers dropping of the perch hand over fist I doubt anyone will be increasing prices as much as that - if at all."
Agree. You always get this just before the years end. Just let them try it, they should think themselves lucky to get the business these days.!
Seems to me that the typically British/European attitude to doing business is that 'if we can't make the profits we want to make, we'd rather go out of business'.
How many times have you held something in your hands with a £20-£30 price-tag, & thought: this must have cost at LEAST £2-£3 to make.?!
BTW, where DID all those extra profits go, when manufacturing moved over to S.Korea/Vietnam/China & Hong Kong/Indonesia/India, 25-30 yrs ago?.
Makes you wonder.!
Jock
With retailers dropping of the perch hand over fist I doubt anyone will be increasing prices as much as that - if at all."
Agree. You always get this just before the years end. Just let them try it, they should think themselves lucky to get the business these days.!
Seems to me that the typically British/European attitude to doing business is that 'if we can't make the profits we want to make, we'd rather go out of business'.
How many times have you held something in your hands with a £20-£30 price-tag, & thought: this must have cost at LEAST £2-£3 to make.?!
BTW, where DID all those extra profits go, when manufacturing moved over to S.Korea/Vietnam/China & Hong Kong/Indonesia/India, 25-30 yrs ago?.
Makes you wonder.!
Jock
Beadle
Well-Known Member
Don't care!
My boat has solid wooden masts and galvanised wire rope rigging. So a quick trip to agricultural merchant and I can re-rig the whole thing for a few quid.
Even a new mast would be 3 figures rather than four.
Engine is an old Perkins from a combine harvester - so back to agricultural place again for bits - at a fraction of the price of "boaty" bits.
I could be really smug if I tried.
My boat has solid wooden masts and galvanised wire rope rigging. So a quick trip to agricultural merchant and I can re-rig the whole thing for a few quid.
Even a new mast would be 3 figures rather than four.
Engine is an old Perkins from a combine harvester - so back to agricultural place again for bits - at a fraction of the price of "boaty" bits.
I could be really smug if I tried.
BlueChip
Well-Known Member
[ QUOTE ]
So, which major marine manufacturers are UK based, with UK manufacturing?
They'll probably be in for a better time than many other marine businesses..... only I can't think of any of the top of my head!
[/ QUOTE ]
Rotostay
So, which major marine manufacturers are UK based, with UK manufacturing?
They'll probably be in for a better time than many other marine businesses..... only I can't think of any of the top of my head!
[/ QUOTE ]
Rotostay
misterg
Well-Known Member
[ QUOTE ]
Could it have been a push to get your money now.
With retailers dropping of the perch hand over fist I doubt anyone will be increasing prices as much as that - if at all.
Wait of them going bust and make an offer to the receiver for the stuff.
[/ QUOTE ]
I don't think retailers will have much option but to increase prices by 20 - 30%. If they don't, they will go bust.
We're getting 2 tiers of increases from Europe based chemical companies: ~25% because of straight currency exchange, and a further ~20% which was coming anyway because the industry (Industry in generally, I would assume) is coming to the end of currency options purchased in early 2008 which they have used to insulate themselves against unfavourable exchange rate movements through this year. I was talking to a supplier last week about buying £250k euro / sterling options - 12 months ago, the cost would have been aout 2% (£3.5k). Last week it was said to be 20% (~£45k), so they won't be able to do the same thing this year.
[edit: That sentence makes it sound like I have a much grander job than I have]
I haven't been preaching doom & gloom (D&G), but have watched with mounting horror from about this time last year as a 'perfect storm' has been allowed to develop in the UK economy. The sub-prime thing was just the trigger, not the underlying cause (IMHO). If the current situation were a roller coaster, I think we'd be getting over the last few clicks of the big lift before the ride proper starts. (There, that's D&G /forums/images/graemlins/grin.gif)
So anyway, that's why we've ordered new sails now /forums/images/graemlins/smile.gif
Andy
(P.S. Maybe a good time to get into farming)
Could it have been a push to get your money now.
With retailers dropping of the perch hand over fist I doubt anyone will be increasing prices as much as that - if at all.
Wait of them going bust and make an offer to the receiver for the stuff.
[/ QUOTE ]
I don't think retailers will have much option but to increase prices by 20 - 30%. If they don't, they will go bust.
We're getting 2 tiers of increases from Europe based chemical companies: ~25% because of straight currency exchange, and a further ~20% which was coming anyway because the industry (Industry in generally, I would assume) is coming to the end of currency options purchased in early 2008 which they have used to insulate themselves against unfavourable exchange rate movements through this year. I was talking to a supplier last week about buying £250k euro / sterling options - 12 months ago, the cost would have been aout 2% (£3.5k). Last week it was said to be 20% (~£45k), so they won't be able to do the same thing this year.
[edit: That sentence makes it sound like I have a much grander job than I have]
I haven't been preaching doom & gloom (D&G), but have watched with mounting horror from about this time last year as a 'perfect storm' has been allowed to develop in the UK economy. The sub-prime thing was just the trigger, not the underlying cause (IMHO). If the current situation were a roller coaster, I think we'd be getting over the last few clicks of the big lift before the ride proper starts. (There, that's D&G /forums/images/graemlins/grin.gif)
So anyway, that's why we've ordered new sails now /forums/images/graemlins/smile.gif
Andy
(P.S. Maybe a good time to get into farming)
savageseadog
Well-Known Member
[ QUOTE ]
My boat has solid wooden masts and galvanised wire rope rigging. So a quick trip to agricultural merchant and I can re-rig the whole thing for a few quid.
Even a new mast would be 3 figures rather than four.
Engine is an old Perkins from a combine harvester - so back to agricultural place again for bits - at a fraction of the price of "boaty" bits.
[/ QUOTE ] Sounds like you go to the local smithy or local woodlands with an axe rather than the chandlery. /forums/images/graemlins/grin.gif
My boat has solid wooden masts and galvanised wire rope rigging. So a quick trip to agricultural merchant and I can re-rig the whole thing for a few quid.
Even a new mast would be 3 figures rather than four.
Engine is an old Perkins from a combine harvester - so back to agricultural place again for bits - at a fraction of the price of "boaty" bits.
[/ QUOTE ] Sounds like you go to the local smithy or local woodlands with an axe rather than the chandlery. /forums/images/graemlins/grin.gif