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news
Brexit.pngRaleigh ups prices due to Brexit
Raleigh is to increase its prices by 10 percent from August 1. This will apply to both bikes and accessories.
BikeBiz reports that the change was announced in an email to Raleigh dealers. The firm’s sales and marketing director, Pippa Wibberley, cited "recent volatility in currency exchange rates against the British pound" as being the reason for the increase.
Wibberley says that the cost of many imported products has risen and writes, "as we bring these products in to the UK on a daily basis this has impacted the cost of these products to us very quickly."
Prices for UK-manufactured products supplied by Raleigh will remain unchanged.
When road.cc spoke to Clive Gosling, marketing manager at CSG (which looks after Cannondale, Charge, Sugoi and other brands) about the impact of the decision to leave the EU last month, he said that the result wouldn’t have an immediate effect on the price of goods as 2016 stocks were already bought and paid for.
“We are, however, just about to price the 2017 bikes that we will launch to dealers early August. We will have to speculate what the cost of these will be, based on the devalued GB pound against the US dollar, as most bicycles, parts, accessories and clothing are bought in US dollars.
“We will have to consider where the currency looks like settling rather than looking at the knee-jerk Brexit level – which, of course, is speculation on our part.
“Short term, I think 2017 bikes will be marginally higher priced. Longer term, bikes can be sourced out of markets where there are current EU dumping levies so it could mean lower factory prices to offset the currency if it doesn’t recover, hence no net increases over current prices. It might even make prices lower down the line.
“It’s all a step into the unknown but we don’t think you will see the dramatic price increases that people are speculating.”
Alex has written for more cricket publications than the rest of the road.cc team combined. Despite the apparent evidence of this picture, he doesn't especially like cake.
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29 comments
For those interested, there is a very good article here that goes through a lot of the stuff that was said and then picks it apart, most seems to come out as "Hard to say", which didn't seem to stop anyone saying it in the first place!
http://www.telegraph.co.uk/news/2016/06/22/eu-referendum-fact-checking-t...
http://www.bbc.co.uk/news/business-36897179
Would be interesting to know which this is.
Personally I think this bad news can legitimately be blamed on exchange rate changes following brexit.
I hope the trade deals we end up with as a result of brexit don't look like TTIP:
http://www.independent.co.uk/voices/comment/what-is-ttip-and-six-reasons...
Given that we won't have anything like the negotiating power of the whole of Europe when negotiating with the USA or with China, and given what Europe was planning on agreeing to, I'm a little concerned.
A deal with China might reduce bike prices, but it could take decades to agree.
TTIP's coming no matter what sadly. Virtually no resistance to it by English MPs in any party (except Greens).
I campaigned against TTIP on one of those 'days of action' and people either don't know what it is, or don't really care. Either way, it's coming Brexit or not. Sad really that something so powerful can be so secretive that we're not even allowed to see the text (we only know parts leaked) and we will be subject to after it passes.
Strange times.
A shilling ! You were lucky . . .
Post-brexit when the UK has become 2nd or 3rd world, then maybe Raleigh will makes bikes here again? It'll be like the good old days when you worked all day for a shilling.
HP Sauce is made is made in the Netherlands now, and is foreign owned so.. wonder if that will jump up in price soon!
There'll be blood on the streets!!
So Raliegh will have sold all of their 2016 model bikes by 1st Aug and all those sold after that date were paid for post Brexit?
Or just another scam to extort some bonus profit by using the excuse of the moment for why costs have suddenly gone up.
Or (like most companies) their capital is invested in stock, so to afford next years stock which will cost more they have have to either get more back from their current stock or order less.
Raleigh doesnt just sell Raleigh, they are distributors for Salsa (already overpriced) and Haibike, one of the more popular e-bike brands.
in the long run Brexit will be excellent for the uk but I won't live to see it, the younger folks will though. like the Isralites for the promised land. In effect I've voted selflessly, as I will live through the hard times and not see the good time
Which demonstrates neatly why the rest of us believe that people who voted out swallowed a load of lies from Nigel Farage and Liam Fox. Keep hoping, just a bit longer until you reach the sunlit uplands of 'control.'
There were lies on both sides.
That's politics.
I don't think either side was worse than the other.
Now now, don't bring common sense into it. For every rash statement or blatant untruth on one side there appeared be something equally outlandish on the other side, pretty much the same as a general election but that's demrocacy, eh!
People keep repeating this, but I'v yet to hear what the "lies" from the Remain side are. (Apart from Osborne's silly exageration about the £4k). Go on then, name one.
Austerity "punishment" budget - Didn't happen
French Border Controls moving to UK - Didn't happen
War in Europe - So far so good...
Perhaps, but only one side put those lies on the side of a big red bus.
Benjamin Disraeli: "There are three kinds of lies: lies, damned lies, and statistics."
£350,000,00.00
Like I said lies on both sides.
But on the Remain side those lies were being told by the two most powerful elected politicians in the country.
Writing an exaggerated figure on the side of a bus is obviously much worse than a Prime Minister talking about WW3 or a Chancellor of the Exchequer threatening an emergency 'Punishment' Budget...
Let's not pretend one side rose above it all and ran an honourable campaign, they were both as bad as each other.
The referendum was democracy in action, warts and all.
Higher prices - people are getting what they voted for.
They voted for Raleighs to be made in Nottingham again.
and who owns Raleigh?
Accell, a dutch company...
welcome to the globalised world.
If you can make a bike as cheaply in the UK as China or India or where-ever is lowest cost tomorrow then you have a chance of repatriating production. IF you can't it won't happen.
That's too clever, you're one of them.
Ooh, another bitter remainer. Thankfully in the minority
Maybe, but you will be dead soon Grandad.
So which are you racist or old person, or old racist ?
I love a good sterotype.
in the long run Brexit will be excellent for the uk but I won't live to see it, the younger folks will though. like the Isralites for the promised land. In effect I've voted selflessly, as I will live through the hard times and not see the good times
in the long run Brexit will be excellent for the uk but I won't live to see it, the younger folks will though. like the Isralites for the promised land. In effect I've voted selflessly, as I will live through the hard times and not see the good times
[/quote]
"...in the long run, we're all dead..."
in the long run Brexit will be excellent for the uk but I won't live to see it, the younger folks will though. like the Isralites for the promised land. In effect I've voted selflessly, as I will live through the hard times and not see the good times
[/quote]
More Brexit Bollocks from the people who have lied and moaned about the EU for 40 years; then they have the audacity to complain about those of us who believe that we've just voted for the biggest cock-up since Pearl Harbour! Selfless; selfish you economic illiterate.
I haven't complained about the EU for 40 years, in fact i quite enjoyed it when it was an economic trading block. However the contiunal expansion of policy & borders by the unelected & unaccountable is hardly the democratic ideal that (I hope) most people would actually want
As for comparing Brexit to one memo delivered to the governement a few days before the event, could you expand your thoughts please?
I really didn't want to get into a Brexit debate, not now, not here - but I really feel I should correct "expansion of policy & borders by the unelected & unaccountable". Like many things said about the EU, it's simply not true.
EU expansion and major changes in areas of policy competence are approved by elected national governments through the European Council and by elected MEPs. The "unelected & unaccountable" part (the Commission) is just a souped-up civil service which is no less elected or accountable than the UK's own.
FWIW, the democratically-elected UK government has generally been a strong supporter of expanding the EU's borders. So much so that the wave of post-2004 immigration was due to us voluntarily opening up free movement years ahead of most other EU members.
FWIW2, the recent coalition government conducted a balances of competences review and found (quietly - didn't want to diminish the expediency of Brussels-bashing) that the balance was very largely appropriate.
My last Raleigh was a Super Tuff Burner.
Do Raleigh still sell decent amounts these days as you don't seem to see them in a lot of shops?