Price Increase Anaysis

[Oso Rojo]

I, like many people, took advantage of the day before the price increase. I happened to have made a spread sheet of all the part numbers and prices of the items I needed to order. So it was easy to make some comparisons of old to new prices.

The general price increase was around five or six percent. But there were some noticeable exceptions to this. While the TS 55 and the MFT/3 went up 5.1% and 3.2%, the combo package of them together stayed the same price. This effectively making the package deal more attractive.

The largest price increase I noticed was a fine tooth blade for the TS55, it when up 18.6% The only thing I saw go down in the price is the guide rail tote bag.

My data is limited to the TS 55 and MFT/3 areas and accessories. Because of the no change on package deals, I only saved 1% by purchasing before the price increase.

Does anyone else have any numbers they can share?

 

[shed9]

Does anyone else have any numbers they can share?

3

 

[ElCabong]

While perusing the price sheet I noticed and confirmed with the good folks at ToolNut that the Festool quick clamp dropped in price from $40 each to $38 each.  [big grin] Deal!

 

[DaveZ]

The guys at tool nut did the work for you, though it's not in a spreadsheet:  http://www.festoolproducts.com/Articles.asp?ID=278  Should be easy enough to copy and paste into a spreadsheet for further analysis.

 

[jimbo51]

Biggest increase 33%
Onboard Nozzles Holder
$15.00 $20.00 $5.00
Biggest decrease 20%
1.5 Degree Horizontal Base
$150.00 $125.00 ($25.00)

I think the decrease is correct. Excel does not like negative numbers and my skills are rusty.

 

[tbellemare]

I did a comparison in this thread broken down by tools, accessories, and consumables. It shows dollar change and percentage.

Tom

EDIT: I just took the whole list of tools, accessories, and consumables and averaged the change. It came out to an average increase of 3.5%.

 

[peter halle]

Interesting analysis.  At least I know what I am going to spend over the next 12 months.

As a sidebar - which I think is relative - I used to work for a retailer who put out an an annual catalog.  Their demise was partially to the fact that they poorly anticipated their acquisition costs and inflation and... over the next 12 months.

Festool has by habit published their prices and not increased them mid term.  When you look at the prices and the increases they represent the increases since the last published prices and ALSO the best guess impact thru the next 12 months.

Peter

 

[SittingElf]

The price increase, at least for the U.S. and Canada could easily have been predicted based on the Euro hammering the U.S. dollar over the last year.  The overall increase is actually lower than the percentage that the dollar has lost against the Euro in that period.

Surprisingly though, the price increase has also been seen in Europe in roughly the same percentages, so there is a point to be made that we are actually getting off lightly.

When the Federal Reserve finally exits Quantitative Easing, and allows interest rates to start climbing again, the dollar is likely to increase in value against most foreign currencies, and U.S. bond yields will rise significantly. Unfortunately, with the dollar's projected value increase, we are unlikely to see a price reduction in foreign goods as a result. It's like the old saying that "There is no such thing as a temporary tax"!

The cooked books and questionable formulas the government uses that claim that inflation is less than 2% can easily be exposed by just going to the supermarket and seeing how dramatically food prices have risen during this so-called low inflation period.  I think we're going to see a lot more price increases in the near future despite the potential increase in the dollar's value.  That is why I'm spending a LOT of $$ now to purchase those hard products that I know I will want now and into the future. They will only cost more down the road.

Cheers,
Frank

 

[Kev]

Does anyone else have any numbers they can share?

3

18 and 5

 

[SittingElf]

Does anyone else have any numbers they can share?

3

18 and 5

No no no no NO!  You are all on the wrong track!

The number you are looking for is the answer to "The Ultimate Question of Life, the Universe, and Everything."
And that number is......
42

 

[batcave]

The biggest increase was my credit card statement. The biggest decrease was my savings account. [embarassed]

 

[ElCabong]

The biggest increase was my credit card statement. The biggest decrease was my savings account. [embarassed]

^ This!  Lol  [thumbs up] Winner.

 

[sancho57]

The biggest increase was my credit card statement. The biggest decrease was my savings account. [embarassed]

[not worthy]

 

[icecactus]

I, like many people, took advantage of the day before the price increase. I happened to have made a spread sheet of all the part numbers and prices of the items I needed to order. So it was easy to make some comparisons of old to new prices.

The general price increase was around five or six percent. But there were some noticeable exceptions to this. While the TS 55 and the MFT/3 went up 5.1% and 3.2%, the combo package of them together stayed the same price. This effectively making the package deal more attractive.

The largest price increase I noticed was a fine tooth blade for the TS55, it when up 18.6% The only thing I saw go down in the price is the guide rail tote bag.

My data is limited to the TS 55 and MFT/3 areas and accessories. Because of the no change on package deals, I only saved 1% by purchasing before the price increase.

Does anyone else have any numbers they can share?

Where are you getting the combo packages stayed the same? The TS55+mft went up $47.

 

[mig2993]

The biggest increase was my credit card statement. The biggest decrease was my savings account. [embarassed]

[not worthy] [not worthy] [not worthy]

 

[wow]

The biggest increase was my credit card statement. The biggest decrease was my savings account. [embarassed]

Ding Ding Ding Ding Ding!!!! We have a winner!

 

[Oso Rojo]

Where are you getting the combo packages stayed the same? The TS55+mft went up $47.

http://festoolusa.com/power-tools/track-saws/ts-55-req-plunge-cut-track-saw-561556
Says $1,147.

That matches what I saw on Monday.

 

[tbellemare]

The new price I have for that package is $1195.50.

Tom

 

[Oso Rojo]

The new price I have for that package is $1195.50.

Tom,
I understand what you are saying and Festool USA still says they are the old price, at least as of about 5 seconds ago.

 

[tbellemare]

I agree...

Shane???

Tom