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Not a discussion, just a heads up - Currency = Price Rises

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Created by Windgenuity Two weeks ago, 16 Mar 2020
Windgenuity
NSW, 340 posts
Site Sponsor
16 Mar 2020 3:03PM
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This morning the currency dove below 0.61 USD. Whilst pricing has not been set as yet, without a significant recovery this will impact Kite pricing for the coming season in the vicinity of 20-24%.

Along with increasing costs of shipping due to the shipping shortage right now, it will sting a bit to buy a new kite for the 2021 Season.

Nothing that can be done about it, just thought I'd put it out there whilst there's still relatively good supply of current model kites available at pre-corona prices.

That is all,

JB

Gazuki
WA, 1111 posts
16 Mar 2020 1:34PM
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Wonder if Ocean Rodeo going to offer mortgages for the Alula line? Take it over 25yrs....

RAL INN
VIC, 2817 posts
16 Mar 2020 6:12PM
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It's been a slow downhill slide by our dollar ending by falling of a cliff.

AUS126
NSW, 124 posts
16 Mar 2020 6:24PM
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Select to expand quote
Windgenuity said..
This morning the currency dove below 0.61 USD. Whilst pricing has not been set as yet, without a significant recovery this will impact Kite pricing for the coming season in the vicinity of 20-24%.

Along with increasing costs of shipping due to the shipping shortage right now, it will sting a bit to buy a new kite for the 2021 Season.

Nothing that can be done about it, just thought I'd put it out there whilst there's still relatively good supply of current model kites available at pre-corona prices.

That is all,

JB


That's the least of my problems. I just want some flour and rice.

towradgi
NSW, 290 posts
16 Mar 2020 9:57PM
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Not an issue to kiteshops with the right business model . These successful shops absorb the whole price rise to stay super competitive . To keep the cashflow coming in ,they have kite lessons in unsuitable wind conditions for newbys who have no idea . And get their wife to work more hours at Best and Less store . The other kiteshops have the new price rise, don't sell any ,but do sell alot of last years superseded new kites for $1200 . Its a lifestyle business .

Hardcarve1
QLD, 482 posts
17 Mar 2020 12:17PM
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I expect a lot of good second hand gear up for sale as people loose their jobs and will sell to stay afloat. I don't think buying new gear before the financial storm is is a smart move with the expected job losses.

wishy
WA, 1427 posts
17 Mar 2020 9:09PM
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Why would you tell people this and not just buy up second hand gear without the person selling it knowing their next kite will cost way more?

Seems foolish.

Gazuki
WA, 1111 posts
18 Mar 2020 4:58AM
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Too scare them about the recession, more fear equals more desperation.

Alysum
NSW, 428 posts
18 Mar 2020 10:21AM
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The kite shops are going to struggle but it's the end of season here in AU, there will soon be some even bigger sales.

ActionSportsWA
WA, 762 posts
19 Mar 2020 11:11AM
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Hey JB,

I can't see kites going up 20-24%. (Unless it's made of Aluula )

I've heard rumour of 6% and possibly up to 10%. Any price rise will have an impact.

Does Windgenuity perhaps have a truckload of superceded Naish kites and boards in stock?

DM

Bara
WA, 647 posts
19 Mar 2020 3:27PM
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Lol 61 US cents a distant memory.

We touched 55 today

theDoctor
NSW, 5010 posts
20 Mar 2020 12:28AM
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55 what...
Penis'...?
You do sound like a kiter

SaveTheWhales
WA, 1751 posts
20 Mar 2020 8:28AM
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Err if you are stock market savvy, or well researched on some shares - there are very good entry points coming..

Then buy yourself bran new gear for free.. next season :)

Who do you think is buying all these shares at the bottom - while all many are stupidly concerned with wiping their bottom ?

The Big guns / Whales will be enjoying this Boxing day sale that's on

THE PIN PULLER
WA, 348 posts
20 Mar 2020 9:16AM
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Buy crypto it's germ free and not traceable

FormulaNova
NSW, 10484 posts
20 Mar 2020 4:56PM
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If the currency stays low and next season starts up, no one is going to buy kites if the prices are out of this world.

I am sure you will get a few, but not enough to keep a kite shop going.

I struggle at $1500 a kite, let alone, what, $4000 for one. I think there will need to be a kite-shop bailout if those prices happen.



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"Not a discussion, just a heads up - Currency = Price Rises" started by Windgenuity