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I think I know where James' bling is coming from...

Discussion in 'Road & Cyclocross' started by loco-gringo, May 2, 2008.

  1. loco-gringo

    loco-gringo Crusading Clamp Monkey

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    [announcement]
    Veltec Sports announces price increase for Colnago, Sidi and Vredestein

    Carson City, NV - Veltec Sports today announced an increase in the wholesale prices of the following European brands: Colnago, Sidi and Vredestein. Effective June 1, 2008, a 10% increase will go into effect in order to partially offset substantial increases in the cost of these products as a result of a steeply increased Euro/Dollar exchange rate.

    Other than a very small price increase earlier this year, Veltec has kept its prices largely constant throughout the season, even though the US Dollar has devalued over 16% against the Euro during that period.

    [/announcement]

    Just kidding James. I was just showing everyone what the bicycling industry is in for. Most mfg guys are saying 12 - 20% for '09. Ouch. They aren't done yet. I expect tires and tubes to continue to increase dramatically.
     
    #1 -   May 2, 2008

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  2. gonefirefightin

    gonefirefightin free wieners

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    i saw him selling himself to vagrants for sexual favors in reno with a bike catolog under his arm.
     
    #2 -   May 2, 2008
  3. Mike B.

    Mike B. Turbo Monkey

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    Just received a 12% increase on DT hubs too.

    Rubber costs are way up so you're right on there.
     
    #3 -   May 2, 2008
  4. -dustin

    -dustin boring

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    Specialized, Shimano, Continental...all within the past few months. Strangely, some Campy prices have gone down.
     
    #4 -   May 2, 2008
  5. James

    James Carbon Porn Star

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    No, I know you're kidding.
    It's actually not an increase because stuff is costing more to make, though that is coming as well I think. Honestly, for us, a lot of it is the Euro thing. As we buy the vast majority of our items from Europe, we pay for them in Euros.

    At the beginning of the season a US dollar was 1.35 or so Euros, now it's 1.6ish. That means that everything we buy costs us about 18% more, and we didn't raise the prices. That has really sucked.

    Either way, if you want a Colnago, buy it in the next month! :)

    The vagrants thing is more of a hobby...
     
    #5 -   May 2, 2008
  6. ire

    ire Turbo Monkey

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    Our team was on a time crunch to get our pro order form into Shimano before the prices went up.....I blame the Chinese
     
    #6 -   May 2, 2008
  7. James

    James Carbon Porn Star

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    Where did you see that Loco?
     
    #7 -   May 2, 2008
  8. loco-gringo

    loco-gringo Crusading Clamp Monkey

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    It was a super secret email. Actually, I assumed it was a press release.

    I'll delete it if you would like me to.
     
    #8 -   May 2, 2008
  9. James

    James Carbon Porn Star

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    Oh, no, not at all. I knew the release went out, but I didn't see it up on any sites...
    Not like it's secret knowledge or anything!
     
    #9 -   May 2, 2008