Around summer Im looking to get a new bike, one of which Ive been toying with is a Stumpjumper, just the base 650b version. Since last looking about a week ago it has gone up from £2200 to £2500 nearly everywhere. Anyone know why, is this what Brexit is doing to us?
Anyone know why
The £ is worth rather less vs the $ than it was last summer. Simples.
Nearly all brands have gone up in the last year, think whyte have upped their prices twice now? So you basically get the next model down for the same money as the higher one a few months back.
Specialized held off the price increase about as long as anyone I think, but yes it is all to do with brexit essentially, $$$ are more £££
Brexit means Brexit - and higher prices for all!
I think Spesh have put up prices in the States as well.
I did the math of buying a new Stumpjumper it worked out at 5% per year inflation since I bought the wifes in 2007. (the inbetween years worked out pretty much the same btw)
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Spesh prices went up on a Thursday a few weeks ago.
If you find a shop that already had the bike you want in stock before th price rise and ask nicely you might be able to get it at the old price.
Probably best with a non chain shop
£300?? pfffttt, we just put the price on one of ours up by £670! And I'd also like to just remind everyone that Brexit hasn't even happened yet.
But the 20% devaluation has ...
It's a price worth paying for making Britain* GRRREAT again, surely
*I say Britain; obvz that's Engerlaynd, while Shandy up there has had his prices index-linked to the cost of a pint of buckfast and irnbru
im more surprised shand has been selling stumpys
on another note im flogging one
[quote=wiggles ]Nearly all brands have gone up in the last year, think whyte have upped their prices twice now? So you basically get the next model down for the same money as the higher one a few months back.
Specialized held off the price increase about as long as anyone I think, but yes it is all to do with brexit essentially, $$$ are more £££
Our hire fleet will be Specializeds this year. We've been Trek for a while but they'd already put the prices up before we came to order last October/November. Specialized were just later than the rest.
It's not all bad, Australian travel agents were advertising that you could take advantage of the Pound Crash and have a better holiday exploiting the Brits for a change.
Awaits next thread on cost of holidays
[quote=mikewsmith ]It's not all bad, Australian travel agents were advertising that you could take advantage of the Pound Crash and have a better holiday exploiting the Brits for a change.
Awaits next thread on cost of holidays
Yeah - we're thinking that we'll likely see a further increase in the number of US tourists this year. Thing is, it's only a short term benefit for them. When goods and services in this country have to increase in price (e.g. our bike hire prices increase to take account of additional initial cost due to the falling £) then any gain for them will be wiped out.
I think I picked the right year to go on holiday to Scotland this summer.
Unless it rains continually of course. But that would never happen.
Went to buy a new Maxxis tyre on Friday, £70!
Bought an E13 instead.
[quote=oldnpastit ]I think I picked the right year to go on holiday to Scotland this summer.
Unless it rains continually of course. But that would never happen.
I think summer is a Tuesday this year - just not sure which one.
At this rate, Oranges should be reasonably priced in a couple of years.
[quote=Scienceofficer ]At this rate, Oranges should be reasonably priced in a couple of years.
Where do all the components come from?
I've noticed a few of the recent prices rises on Specialized products, seems to be around 10% on lots of their products rrp.
I guess understandable reasons behind the price increases but £310 to replace my s-works road shoes is proving hard to justify to myself. Will be interesting to see if on the whole people just suck up the prices or they stop buying as much stuff and the affect that then has on the smaller independent retailers, some of whom already seem to be struggling.
I am wondering what is going to improve with brexit and when?
Bike price escalations seem to be the least of it...
The high pound was holding the British economy back. It was helping to build a speculative bubble in the property market, especially in London. It was destroying our manufacturing and exporting competitiveness, whilst rewarding the parasitic financial sector.
Sorry if you have to pay a bit more for your mountain bike, but in the long-run a currency devaluation is just what the country needed.
More about this [url= http://www.telegraph.co.uk/business/2016/10/10/currency-guru-says-pound-slide-liberates-uk-from-malign-grip-of/ ]here[/url].
The high pound was holding the British economy back. It was helping to build a speculative bubble in the property market, especially in London. It was destroying our manufacturing and exporting competitiveness, whilst rewarding the parasitic financial sector.
Sorry if you have to pay a bit more for your[s] mountain bike,[/s] food, clothing, fuel, luxury goods but in[s] the long-run a currency devaluation is just what the country needed.[/s] instead of legislating to reign in the property market or tighten financial regulations, instead we will weaken our country and take us out of Europe and make sure that the poorest pay , while the richest Ftse shareholders see their portfolios swell massively
[s]
More about this here.[/s] you will not find this info in the Brexit Bugle
Ftfy
@kimbers,
I'm going to have nightmares of my first primary school teacher, Mrs Kent, now, who used to spit over the kids whilst correcting their work with her trusty thick-red pen!
Ashoka Mody is not politically affiliated and his articles mainly appear in the Independent.
See me after class
Gosh, oh golly, crumbs, I'm done for, Sir looks jolly batey.
The high pound was holding the British economy back. It was helping to build a speculative bubble in the property market, especially in London.
Thank god now the pound has tanked that the value of property has dropped 40%, especially in London, such that it's now totally affordable. Furthermore, foreign investors have been totally put off buying property.
Well I dont know anything about politics but I do know the hike has pushed the Stumpy to the back of the queue unless the end of year sale (bike year) brings it back down.
Perhaps it does make the second hand market more appealling, until that catches up.
Best of luck in the sales. Spesh U.K. Are sold out of a lot of models already (only reason I don't have an sworks camber 😥 ). Of those that were in stock, lots were bought up by shops pre Feb 16th price rise, so if you see one you want in stock at the lower price, bite their arm off. Model year changes in July.
Thank god now the pound has tanked that the value of property has dropped 40%, especially in London, such that it's now totally affordable. Furthermore, foreign investors have been totally put off buying property.
Prices are falling in central London, for the first time in six years. Foreign investors will still buy but capital controls in China, and the stumbling Russian economy, mean the situation is changing.
40% falls over the next four years are entirely possible, which will be good for first time buyers, especially as they will be able to move into the flats which were manically put up at the end of the bubble.
Entirely off topic, but relevant. I work for a US company....I bet my salary is not going to increase 20% this year. In theory, it s much cheaper for them to pay UK staff now!
I was looking at the 2017 Enduro Elite 2017 during Jan, when the local shop told me it was going up by £500 I wasn't sure if it was a sales ploy or not! I actually rang another shop after leaving to confirm!
For the OP, next years stumpjumper will be released in August time so waiting till September or October you might be able to get the 2017 for less...maybe...
Perhaps it does make the second hand market more appealling, until that catches up.
Like cars the used market relies on new purchases, if anything it will possibly push people to go another 6-12 months on a bike. Plenty of people are probably watching their cash too. Lack of supply, need more for the new bike so optimistic listing and stick with it
It was destroying our manufacturing and exporting competitiveness
Hello, manufacturer and exporter here. Yes, there's perhaps a small bump to export sales, but much UK manufacturing is higher-end goods where price is less of an incentive to purchase. I don't think I've got any more overseas sales from the fall in Sterling, at most a few customers have perhaps ordered a slightly more expensive version of what they'd be ordering anyway.
However, lots of the component parts and materials I use are imported, and costs of them have gone up - Rohloff hubs, Shimano parts, even steel tubing. So prices have to go up for everyone, and it's worse especially for customers in the UK.
And, as Mr Shand up there says, Brexit hasn't even happened yet. At the moment we're only dealing with the fall in Sterling - once you add in the cluster**** that falling back on WTO rules will cause, with tariffs, varying standards etc it's going to be even worse.
40% falls over the next four years are entirely possible,
Not unless we build many many more houses than we plan to, overhaul our policies on council house oenership, funding for local councils, infrastructure spending and update the the laws on land oenership, speculators, private renters, developers etc etc overvalued pound and foreign property speculators might be a factor in central London but there are many more important factors that contribute to our housing crisis
Well worth checking out
http://www.bbc.co.uk/programmes/b00k9c1r
Ben, step away from SNP/WoS BS.
We are not currently seeking the WTO option.
Ben, step away from SNP/WoS BS.We are not currently seeking the WTO option.
That's nice. We're going for a hard Brexit, and floating the idea of not paying the EU what we owe them. Do you really think we'll get any kind of trade deal with the EU in two years, while negotiating our exit at the same time? It's not going to happen.
Ben, step away from SNP/WoS BS.
We are not currently seeking the WTO option.
Sounds like every morning after the night before story...
Blimey wee nippy has you'se lot round her grubby litte fingers doesn't she?
No she does not, i seem to recall a few years ago, when there was a referendum, her and big eck took a right humping.
Hasnae stopped her going on about another one though.
Hello, manufacturer and exporter here. Yes, there's perhaps a small bump to export sales, but much UK manufacturing is higher-end goods where price is less of an incentive to purchase. I don't think I've got any more overseas sales from the fall in Sterling, at most a few customers have perhaps ordered a slightly more expensive version of what they'd be ordering anyway.However, lots of the component parts and materials I use are imported, and costs of them have gone up - Rohloff hubs, Shimano parts, even steel tubing. So prices have to go up for everyone, and it's worse especially for customers in the UK.
And, as Mr Shand up there says, Brexit hasn't even happened yet. At the moment we're only dealing with the fall in Sterling - once you add in the cluster**** that falling back on WTO rules will cause, with tariffs, varying standards etc it's going to be even worse.
If it's such a disaster how come manufacturing data has been so strong post-Brexit vote?
Tariffs is an issue but WTO rules are fine to fall back on whilst we negotiate good deals with European countries. The EU is falling apart, with or without Brexit, so it is better to be ahead of the curve.
but WTO rules are fine to fall back on whilst we negotiate good deals with European countries.
10-15 years of them?
The deal will never be better than the one we have.
anyway leave it for the Brexit thread
At this rate, Oranges should be reasonably priced in a couple of years.
Their prices went up a bit the other week. Perhaps not as much as others though.
Good news is that having looked around at hardtails the P7 and Crush seem to offer very similar value to comparable bikes.
Bad news, the price increase has pushed both past my £1500 c2w limit. 😐
If this were posted on STW social media, the usual suspects would be screaming "keep politics off STW!".
The pound has plunged relative to the USD since June 2016, which means that imported stuff is more expensive to buy. This happened before, back in early 2009 off the back of the Banking Crisis.
Remember that even UK manufactured goods require raw materials bought from overseas markets, so cheaper exports are partially offset by increased purchasing costs.
We are certainly living in interesting times, who'd like to predict where the USD will be in twelve months relative to the pound?
[i]We are not currently seeking the WTO option. [/I]
No, we're after the RWB option.
RWB - red, white & blue 🙂
https://www.theguardian.com/politics/2016/dec/06/theresa-may-calls-for-red-white-and-blue-brexit
OP, if you voted remain in July then I have utmost sympathy for you...
If not, then what is it they say about chickens coming home to roost?
If it's such a disaster how come manufacturing data has been so strong post-Brexit vote?
Coz the low pound has increased our competitiveness, less so as more expensive imported raw materials feed. On to the supply chain
Also consumer spending (bouyed by cheap credit) has been very strong, surprising everyone.
https://www.ft.com/content/007354be-fe65-11e6-8d8e-a5e3738f9ae4
The growth in manufacturing has been spread across Europe. The eurozone PMI, released alongside the UK data, found that the manufacturing industry in the currency bloc grew at the fastest rate since 2011.
Also
http://uk.mobile.reuters.com/article/idUKKBN16D005
*reported for thread duplication*
You've got a brexit thread, let's keep it in there.
Why this is a distinct subject, just don't click if you don't like it.
At best it's been massively derailed then. I clicked to read about Specializeds and to offer advice for would be buyers, rather than the why's and wherefores of the potential imapct of various types of brexits
How silly of me, given the title...
Importer and manufacturer here as well and the collapse of sterling has been nightmare. Certainly haven't seen an increase in overseas orders and we ship about 80% overseas. Costs from all the products made in the far east has gone through the roof. The ironic things is that all the idiots that voted for us to leave are the ones that are going to be most effected. There is no way that large retailers and manufacturers can just absorb the extra costs and unless the exchange rate changes massively they will have to pass them on and it looks like there will have to be a wholesale repricing of products across the board.
I think it's kind of pointless speculating on our post Brexit future at the moment especially with the increasing rise of populist politics across other European countries making the likelihood of another political upset over the next few years seem more than possible.
Whatever happens the price of Specialized bikes is probably going to be a long way down on my list of concerns though.
Spesh bikes seem way more expensive than just a few months ago.
In vaguely related news today, [url= https://www.theguardian.com/business/live/2017/mar/06/vauxhall-opel-sold-jobs-deal-aberdeen-standard-live-business-live ]GM are having a fire sale.[/url]
And a similar issue reared it's head over how a spun off, post brexit vauxhall are going to cope with their supply chain (and exportung), once living outside of the EU, when their competing PSA sister plants are in mainland Europe...
Lots of vaguely positive noises from PSA/tories but clearly no certainty as the current situation doesn't really allow any TBH...
Bringing it back to bicycles, do we really think brexit will help companies like Orange/Cotic/Curtis/etc to compete both here and overseas?
In a few years, UK mountain bikes will be like Cuban cars. We'll be fighting to get our hands on rusty 26 inch frames, and we'll learn to make our own suspension from bed springs and pig iron. Unless the potato harvest fails, of course, in which case we'll all be dead.
Bringing it back to bicycles, do we really think brexit will help companies like Orange/Cotic/Curtis/etc to compete both here and overseas?
Unless raw the UK is kicking out a lot of raw materieals and finds a lot more oil no.
Surely there has to come a point where the market can't sustain bike price rises?
If people just can't or won't buy bikes at exorbitant prices manufacturers and retailers will have to adjust their pricing?
They'll adjust their costs first which takes a year or so.
Bringing it back to bicycles, do we really think brexit will help companies like Orange/Cotic/Curtis/etc to compete both here and overseas?
No. Brexit will be a negative for most UK bike manufacturers as a whole I would say, unless they are able to fully diversify into overseas territories, but then they may as well up and leave.
OK so we're cheaper overseas right now, since Brexit we've seen a modest increase in overseas sales, but then we've not jacked our prices by 15% or so as would be needed to maintain a pre-brexit margin. Thats being phased in slowly, and when it does, we'll be back to square 1 but with annoying paperwork, import duties etc. Its not just the initial sale, but the various local rules on supply, getting bits back for warranty etc. Its all a total ball ache outside the EU, and soon inside the EU too.
The only winners as far as I can see from Brexit are the large multi-nationals that are enjoying repatriating all the money for their wealthy owners at a much better rate. Can't really see an upside for small - medium businesses, manufacturing (in the long term) or anyone else to be honest. For your average Joe on the street Brexiting seems like its likely to be a pretty bad deal to me. We're going to be living with significantly increased costs but without salaries increasing to balance it out.
You could be right there Limburger, Mad Max style bikes.
This post was just an observation about a fair price hike I noticed had been snuck in about a bike on a bike forum, way too many of people getting upset about Brexit still. Get out and have a ride
limburger - MemberIn a few years, UK mountain bikes will be like Cuban cars. We'll be fighting to get our hands on rusty 26 inch frames, and we'll learn to make our own suspension from bed springs and pig iron. Unless the potato harvest fails, of course, in which case we'll all be dead.
Have whyte just put prices up as well? Im sure the base g160 was £2500 last week. Bikes are going up in price faster than I am saving up to buy one
Bringing it back to bicycles, do we really think brexit will help companies like Orange/Cotic/Curtis/etc to compete both here and overseas?
What's the annual production for those? I think I read somewhere that Orange do about 1000 FS frames a year.