July 23, 2021

Pricing: July 2021 Update

Some of you might have read our blog post that was published in December, 2020 (last year) in regards to a few "pricing predictions" of what we would expect to happen during 2021

If you haven't read last years blog post, please click here to read it

To sum up the previous post, our major prediction was "rising prices" during the fiscal year of 2021

Today I wanted to tell you folks that price increases are happening right now and I will explain why and how this happening

Keep reading below...

On the rise

With all the sales, hype and demand for parts during the 2020 year, we could only see the bubble in the horizon that was going to burst

The question was, "when will the bubble burst"?

I honestly feel that this "artificial bubble" that the lockdown has created (and government) would only last no more than year...

We saw all kinds of problems late last year due to the demand earlier in the year which in turn will lead to price increases during 2021

Here are some the issues we ran into and discovered

Lack of inventory
Long shipping times
Lockdowns
Price increases
Currency
Inflation
Elections
Etc

Although I was expecting these issues to hit early 2021, it does appear that the effect from 2020 is starting to catch up more rapidly as we enter August (2021)

Word on the street

This week I received an email from my vendor describing that they will be raising there product pricing on some items due to the manufacture raising there prices

Some of the vendors that have informed dealers of the new "pricing hike" are Amal, EMGO, CWC (Central Wheel Company) and a few others..

Here is a small snippet of what my vendors email contained that was sent to me

Due to ever-increasing cost for raw materials and inbound freight, we have been forced to increase prices on the following product lines"

"Emgo 10% and Amal 30% (These are averages, some Amal spares have not changed at all. While others and carburetors have increased considerably.)"

"The cost of moving a 40 foot shipping container is up 300%. In August of 2020 the cost to import a 40 foot container was $4415.00. Today the cost is $17,500.00. After July 31st the cost is set to increase to $19,000.00"

In short, things are increasing at a quick rate which is very unfortunate for everyone

Both suppliers, retailers and customers take a big hit during these times

Part pricing adjustments

Here is a short list of some the parts that have already had pricing adjustments on the site in which we saw an increase worth talking about

All CWC (chrome) rims
All Buchanan's spoke & nipple set
Amal Premier carburetors (standard premier & alloy)
EMGO (throttle assembly's, locks, mufflers, pipes, etc)

Our plan for the 3rd & 4th quarter 2021

Our plan for the rest of 2021 is very simple; inform our customers and make changes as we are informed

These days it seems like we are always making price adjustments on the site, however, we are looking for ways to pass on savings to you

Luckily, shipping is still affordable (for now) which does help the bottom line

We will keep everyone up-to-date as the year continues on

Discounts

For those seeking to place larger orders from the CBS site, there is relief!

I recommend using our current discount codes on your next order to offset the price increases as it may help

Use the following codes in the box at checkout to save money on your next order

Discount	Minimum Value	Code
Free Shipping (Lower 48)	$.01	No Code Needed
5% Off (Free Lower 48 Shipping)	$500 - $999 USD	CBS5%OFF
10% Off (Free Lower 48 Shipping)	$1000+ USD	CBS10%OFF