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

loco-gringo

Crusading Clamp Monkey
Sep 27, 2006
8,884
6
Deep in the heart of TEXAS
[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.
 

-dustin

boring
Jun 10, 2002
7,162
1
austin
Specialized, Shimano, Continental...all within the past few months. Strangely, some Campy prices have gone down.
 

James

Carbon Porn Star
Sep 11, 2001
3,559
0
Danbury, CT
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.
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...
 

ire

Turbo Monkey
Aug 6, 2007
6,199
4
Our team was on a time crunch to get our pro order form into Shimano before the prices went up.....I blame the Chinese
 

James

Carbon Porn Star
Sep 11, 2001
3,559
0
Danbury, CT
It was a super secret email. Actually, I assumed it was a press release.

I'll delete it if you would like me to.
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!