Just a heads up for you guys sitting on the fence regarding a purchase....
A lot of my suppliers have announced pretty substantial price rises due to the Euro/Pound exchange rate. I've seen prices go up by 25% on some specialist items. 10-15% increases is not uncommon on more the more mainstream items.
It's a bit of a culture shock in a market where we are used to technology getting cheaper. I think we can expect to see volume products like TVs, all-in-ones, and price fighter separates holding their prices rather than falling. Bigger ticket items such as heavy weight AV amps will probably see some increases.
The UK is in recession, but it's not as bad on the continent according to my European based trade suppliers. If stock fetches a better price in Germany / France etc then that's where it will go.
Most major manufacturers segment the world in to trading zones, usually something along the lines of Asian Pacific - Americas - EMEA (Europe, Middle East Africa). So whilst the UK currency is Sterling, the trading zones main currency for Western Europe is Euros.
Good luck everyone
A lot of my suppliers have announced pretty substantial price rises due to the Euro/Pound exchange rate. I've seen prices go up by 25% on some specialist items. 10-15% increases is not uncommon on more the more mainstream items.
It's a bit of a culture shock in a market where we are used to technology getting cheaper. I think we can expect to see volume products like TVs, all-in-ones, and price fighter separates holding their prices rather than falling. Bigger ticket items such as heavy weight AV amps will probably see some increases.
"But we're in a recession. Surely that means cheaper prices?!"
The UK is in recession, but it's not as bad on the continent according to my European based trade suppliers. If stock fetches a better price in Germany / France etc then that's where it will go.
"But most of this stuff is made in non-Euro countries, so how come the £/Euro is having an effect?"
Most major manufacturers segment the world in to trading zones, usually something along the lines of Asian Pacific - Americas - EMEA (Europe, Middle East Africa). So whilst the UK currency is Sterling, the trading zones main currency for Western Europe is Euros.
"What now?"
First things first, don't panic buy. But if there's a product you've researched and there's nothing stopping you from buying then I'd say move quickly. Good luck everyone
