|EURO over $1.21 - is Italy out in the future?||wardinside|
Dec 6, 2003 4:22 AM
|Already, about 50% of the Cycling items marked Made In Italy are made somewhere else and then trans shipped. It is common knowledge that lots of 'Itailian' stuff is Made In Taiwan.
But the Euro has really gained a lot against the dollar; and most Italian stuff in the distribution channel now was purchased before this big Euro move up.
Will consumers be willing to pay 20 to 25% more six months from now for frames and Campy? Of course, it is anyone's guess - but history has shown what happens in cases like this.
Another question, how long before Mavic moves wheel and Rim production to Taiwan? They either do that, or eat the 20%, or increase prices.
|Now is the time to buy stock in Trek and Cannondale.||High Gear|
Dec 6, 2003 12:36 PM
|The Euro and the British pound have gained a lot of ground in the past year. You'll pay $14 more per 100 pounds over twelve months ago. This may be a good thing for American industry but not for us poor cyclists trying to save a few bux. Just look at the Fizik Aliante, it was $145 and the new price is now $180 for the Ti rail saddle! This may be a drastic reflection but still.|| |