Tool Nut site showing projected price increases for 02/28/2018 deadline

[McNally Family]

I was just checking to see how much certain tools were currently priced, and I noticed Tool Nut is now showing what the new price will be for any orders after 02/28/2018.  The example I saw was for the Festool DF 700 XL EQ Plus Domino Joiner Set for
$1,430.00, which will increase $70.00 to $1,500.00 after February.

Wow!
https://www.toolnut.com/festool/fes...4447-df-700-xl-eq-plus-domino-joiner-set.html

 

[Wooden Skye]

Another price increase, call me surprised.  Wait, never mind I forgot its yearly now.

 

[live4ever]

The 2017 increase was mainly limited to the new Airstream batteries being added to kits over the old ones and other accessories/consumables.  The tools themselves saw very minor/if any increases. 

I guess they will make up for it in 2018?

 

[antss]

Sure it's "minor" at only 5%. 

But it's 5% every year, meaning 20% in the last 4 years. 

How much did Dewalt's tracksaw increase over the same time ?
Makita's ?
Milwaukee's impact and Drills ?
Bosch's sanders ?

All of which go on sale from time to time too. 

You remember the old adage about the frog jumping out of a boiling pot of water right ?

 

[Svar]

I blame the customers. You keep buying them, and FT is happy to oblige.

 

[jpmeunier]

Sure it's "minor" at only 5%. 

But it's 5% every year, meaning 20% in the last 4 years. 

How much did Dewalt's tracksaw increase over the same time ?
Makita's ?
Milwaukee's impact and Drills ?
Bosch's sanders ?

All of which go on sale from time to time too. 

You remember the old adage about the frog jumping out of a boiling pot of water right ?

Actually that would be 21.55%, but I don't think that is the point you're going after.

I would rather see higher introductory prices on new tools, with them getting cheaper as the company has ammortized the cost of the design and manufacture.

 

[promark747]

It's really getting hard to justify certain Festools.  When I got the e-mail for the recon CT26 today, the price seemed high so I checked what they are going for new.  $700.00.  For a CT26.

 

[JBird]

Fascinating how dealers like Toolnut turn the annual price increases into a major promotional event. Imagine what Black Friday would be like if instead of manufacturers and retailers competing to lower prices to promote sales they simply made competing commitments to raise prices higher after the holiday. Technically this creates the same urgent economic incentive to make a purchase now as a "sale" does but after so many years it feels like a manipulative and abusive relationship.

 

[Svar]

Imagine what Black Friday would be like if instead of manufacturers and retailers competing to lower prices to promote sales they simply made competing commitments to raise prices higher after the holiday.

I think it's an excellent idea!

 

[Gregor]

But it's 5% every year, meaning 20% in the last 4 years. 

You remember the old adage about the frog jumping out of a boiling pot of water right ?

Actually that would be 21.55%, but I don't think that is the point you're going after.

Pssst. Should the normal folks realize the consequences of the word 'exponential' (especially for our banking scam system) they would rebel...

 

[Cheese]

The example I saw was for the Festool DF 700 XL EQ Plus Domino Joiner Set for
$1,430.00, which will increase $70.00 to $1,500.00 after February.

Wow!

That certainly makes the $1156 I recently spent for a reconditioned DF 700 appear to be a stroke of genius. [big grin]

 

[ChuckS]

I blame the customers. You keep buying them, and FT is happy to oblige.

This sounds like saying the market force is the culprit.

How come few drivers complain about luxury cars in the same way we woodworkers think about high-end tools?

Without admitting it, many folks love being an owner of a Festool for its prestige status (in addition to, of course, its functionality). I never have had an issue selling my Festool items (to make room for other tools) at a price very close to what I paid for (thanks to this 5% annual price increase!). On Kijiji, within hours, I saw multiple responses to my ads and no aborted sales. Even an old-style systainer was snatched  away from my hands at a very good price (to me).

 

[AIPDX]

Market force indeed.

Take another example: iPhone X, model A1865 with 64 GB of NAND, carries a bill of materials of US $370.25. Its retail price is $1000. Samsung Galaxy S8 with 64GB has bill of materials of $302 and retails for $720.

Price has nothing to do with cost. As long as someone is buying, manufacturers are happy to take as much money from you as you are willing to pay. The perceived value and level of competition determines retail price. If customers are buying, it implies they are not frustrated with the price enough to walk away and go elsewhere. Noone expects customers be happy.

I, by the way, stay away from everything Apple as a matter of principle.

 

[ChuckS]

Call me economical (I am not cheap  [big grin]). I have never paid for a cellphone; always a new free phone, every two years, on two-year plans (previously three until they were banned). I would rather spend the $1000 on a new CT26 (coming to Canada "soon"!).

 

[McNally Family]

I was just checking to see how much certain tools were currently priced, and I noticed Tool Nut is now showing what the new price will be for any orders after 02/28/2018.  The example I saw was for the Festool DF 700 XL EQ Plus Domino Joiner Set for
$1,430.00, which will increase $70.00 to $1,500.00 after February.

Wow!
https://www.toolnut.com/festool/fes...4447-df-700-xl-eq-plus-domino-joiner-set.html

I was not so much complaining about the price increase, as I was reminding everyone that higher prices are coming, so do your shopping now !

In my case, saving $70.00 by making my purchase before 02/28/2018, is a no brainer  (as long as it is something you already plan to  purchase anyway).

I also noticed there was no indication of a price increase for the current CT models.  I suspect this has more to do with the newer models being released after 01/01/2018 in the UK (then the US later).  Call it an inventory incentive sale, by not increasing the price  (Either that or Tool Nut has just not gotten around to updating these items yet).
https://www.toolnut.com/festool/festool-dust-extractors/festool-dust-extractors.html

 

[McNally Family]

The example I saw was for the Festool DF 700 XL EQ Plus Domino Joiner Set for
$1,430.00, which will increase $70.00 to $1,500.00 after February.

Wow!

That certainly makes the $1156 I recently spent for a reconditioned DF 700 appear to be a stroke of genius. [big grin]

Cheese, your being a genius goes without saying....

 

[McNally Family]

I was just checking to see how much certain tools were currently priced, and I noticed Tool Nut is now showing what the new price will be for any orders after 02/28/2018.  The example I saw was for the Festool DF 700 XL EQ Plus Domino Joiner Set for
$1,430.00, which will increase $70.00 to $1,500.00 after February.

Wow!
https://www.toolnut.com/festool/fes...4447-df-700-xl-eq-plus-domino-joiner-set.html

I was not so much complaining about the price increase, as I was reminding everyone that higher prices are coming, so do your shopping now !

In my case, saving $70.00 by making my purchase before 02/28/2018, is a no brainer  (as long as it is something you already plan to  purchase anyway).

I also noticed there was no indication of a price increase for the current CT models.  I suspect this has more to do with the newer models being released after 01/01/2018 in the UK (then the US later).  Call it an inventory incentive sale, by not increasing the price  (Either that or Tool Nut has just not gotten around to updating these items yet).
https://www.toolnut.com/festool/festool-dust-extractors/festool-dust-extractors.html

Compliments of Shane Holland; the complete 2018 price increase list:
https://www.festoolproducts.com/festool-price-increase-2018.html

** Shane also confirmed that there is no scheduled price increase on the CT products in 2018

 

[Getmaverick]

Looking to get the Planex Easy...glad no increase there. Sure it will hit in 2019.

 

[McNally Family]

Looking to get the Planex Easy...glad no increase there. Sure it will hit in 2019.

I "think" the reason for no increase on the Planex Easy, is due to the fact it is new this year.  If you look over to the existing Planex Drywall Sander LHS 225 , it is increasing $60.00 in Feb 2018.

Of course, the "being new" theory does not seem to apply to the new battery sanders.....go figure.

 

[Cheese]

Cheese, your being a genius goes without saying....

McNally...you know not what you speak.  [poke]    [big grin]