Model will cost 40% MORE ????????
+2
Juha
turn the wheel
6 posters
Page 1 of 1
Model will cost 40% MORE ????????
I have been told that the cost of models made in China will go up by 40/70% due to a rapid rise in wages and health Insurances in China .........have anybody on here heard about this..............I believe the dealers in Europe are panic buying to beat the higher prices...........so I guess all the model making equipment will be moved to Vietnam or the likes...................Omer Yetis might have some information for us ????????????????/
turn the wheel- Posts : 1070
Join date : 2012-02-12
Re: Model will cost 40% MORE ????????
That's a big increase, and I can't see it going up with such a percentage. What's the cost of a model in China, 1 or 2 euros? It can't be much more when Ixo can retail their Altaya models at €12,95 and still make a profit on them.
Re: Model will cost 40% MORE ????????
the free diecastlegends magazine had a large article about this a few months ago....think i dumped it though....
bmd- Posts : 7024
Join date : 2012-02-12
Age : 57
Location : here
Re: Model will cost 40% MORE ????????
Billy, I did the same!!
Yes, as the working population in China becomes used to a better standard of living and costs rise, it's inevitable that their produce will increase in price to cover for this.
My concern for some years has been that as China has undercut everyone else and factories close across Europe and beyond, we're becoming dependent on China for household goods and pretty much everything else. No-one can compete on price. Then China puts its prices up and we have no option but to pay them as the consumables we're used to buying aren't made anywhere else anymore. Game, set and match!
I'm not talking specifically about models here, more of a general comment, but I believe it will be inevitable that model prices will rise.
Happy times ahead, huh!?! Cheers, Steve
Yes, as the working population in China becomes used to a better standard of living and costs rise, it's inevitable that their produce will increase in price to cover for this.
My concern for some years has been that as China has undercut everyone else and factories close across Europe and beyond, we're becoming dependent on China for household goods and pretty much everything else. No-one can compete on price. Then China puts its prices up and we have no option but to pay them as the consumables we're used to buying aren't made anywhere else anymore. Game, set and match!
I'm not talking specifically about models here, more of a general comment, but I believe it will be inevitable that model prices will rise.
Happy times ahead, huh!?! Cheers, Steve
Hampton Caught- Posts : 2385
Join date : 2012-02-09
Age : 56
Location : near Hampton Court
Re: Model will cost 40% MORE ????????
Globalism eh?
jusali- Posts : 342
Join date : 2013-06-04
Age : 52
Location : Bristol UK
Re: Model will cost 40% MORE ????????
Lot of companies moving from China to Burma and some even moving production back to the UK as more cost effective. Models arnt selling at the suggested current rrps so 70% increases will see margins having to be cut or models not being made. Also UK wholesalers are going to have to be a bit less greedy...
Sal- Posts : 910
Join date : 2012-02-09
Age : 60
Location : York
Re: Model will cost 40% MORE ????????
Yep most of the % is in wholesaler and retailer mark-ups.
The imbalance in world economic disparity not only means increase in wages for the 3rd world but a decrease for the Rich Western World too. At the same time as the financial elite filter more and more to the top and hold onto it. It doesn't look very good for any of us
The imbalance in world economic disparity not only means increase in wages for the 3rd world but a decrease for the Rich Western World too. At the same time as the financial elite filter more and more to the top and hold onto it. It doesn't look very good for any of us
jusali- Posts : 342
Join date : 2013-06-04
Age : 52
Location : Bristol UK
Re: Model will cost 40% MORE ????????
Oh happy days!
If the manufacturers aren't selling as many models, they won't be making as many new ones with new castings in the future. My hope of an MG Montego in 1/43 is looking less and less likely with each post!
Cheers, Steve
If the manufacturers aren't selling as many models, they won't be making as many new ones with new castings in the future. My hope of an MG Montego in 1/43 is looking less and less likely with each post!
Cheers, Steve
Hampton Caught- Posts : 2385
Join date : 2012-02-09
Age : 56
Location : near Hampton Court
Similar topics
» Skoda Citigo Road car model to Junior Rally car model
» DRM Members Model.... Winning Model.... Order List
» TR7 V8 model
» Tata model
» New model parts
» DRM Members Model.... Winning Model.... Order List
» TR7 V8 model
» Tata model
» New model parts
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum