We’ve just heard that Raleigh has announced that all bikes and accessories brought in from outside the UK will be subject to a 10% increase from the 1st August.
BikeBiz is reporting that in an email to dealers the distributor blames volatility in exchange rates, rather than Brexit itself, however it’s only since the referendum vote that the Pound started pogo-ing, so we think it’s safe to lay the blame at Brexit’s door. And we don’t like to say we told you so, but we did. Let’s hope we’re not right about everything else on that list, huh? We’ve contacted Raleigh directly and we’ll bring you further details on the content of that email as soon as we can.
Products made in the UK will not be subject to this increase, but all imported items will be. Raleigh suggests that dealers may wish to place orders now in order to take advantage of current prices, so if you’ve been deliberating over a possible new bike or accessory purchase you might like to quit procrastinating and get buying. Raleigh are the UK distributors for Salsa, so if you’ve been hankering after one of the bikes we’ve reviewed, or a Greg May style Tour Divide rig, then get your skates on. They’re also UK distributors for Burley, makers of quality bike trailers, as well as a number of other product ranges, although we understand that at present SRAM products will not be affected by the increase.
It seems unlikely that other importers won’t follow suit, so whatever purchases you’re thinking of making, you might well want to make them sooner rather than later.