How come Greddy has upped their prices so much?

[nsl]

From what I read the Evo2 has went from around $530 to about $650.Seems like everytime I get ready to buy something,the price goes up unreasonably.I guess the car will stay stock for another 1.5 years.Anyway,at least the price didn't go from $400 to $1000 like Borla did when I had a 1999 Crown Victoria.

[nsl]

Oh,and didn't Tanabe put a hell of an increase on their stuff,too?

[sivic_sc]

you get what you pay for. greddy is quality, and its made in japan. win win

[Grizam303]

You guys have heard about the run-up in oil and commodity prices, right? That's the extra cost of manufacturing, shipping, and raw materials.

It's probably going to get a lot worse before it gets better. Look up stagflation in the 70's economy and you'll know what we're about to face.

Edit: Falling dollar exasperates these increases as well.

[k20z3 Koop]

In a nutshell, greedy oil companies are ruining the country.

[aki]

Originally Posted by k20z3 Koop

In a nutshell, greedy oil companies are ruining the country.

No, oil companies have relatively normal profit margin compared to other industries.

The sub-prime mortgage crash caused a slow-down in the economy. Govt prints more money, lowers the interest rate. This skyrockets the rate of inflation. Lower valued currency = higher gas prices. Actually higher priced everything. So there's your short answer.

Oil companies are such a convenient scapegoat. The government actually makes more money off gas tax than the oil companies.

[Grizam303]

Originally Posted by aki

No, oil companies have relatively normal profit margin compared to other industries.

The sub-prime mortgage crash caused a slow-down in the economy. Govt prints more money, lowers the interest rate. This skyrockets the rate of inflation. Lower valued currency = higher gas prices. Actually higher priced everything. So there's your short answer.

Oil companies are such a convenient scapegoat. The government actually makes more money off gas tax than the oil companies.

Since you've opened the door, I'll point out that the government does not print money. The Federal Reserve, a private, secretive organization prints money. They control the money supply through interest rates and other methods (open market operations, changing fractional reserve requirements). When the Fed drops rates, they are stimulating the economy in exchange for inflation. Right now, we could be entering a period of stagflation - stagnant growth (not a recession, but not a normal growth) coupled with inflation.

Personally, I see this as a growing-pains type change, where higher prices will allow previously-infeasible technology to work its way into industry. Just looking at oil, many Canadian companies have tapped into the oil sands, which were previously too expensive to extract oil from. It costs around $80 per barrel for this oil, so back at $50 barrels didn't really make sense, but now that we've got a $120 floor, it's a very profitable operation.

Speculators are also allegedly driving up oil prices as a response to declining dollar valuation (due to Fed manipulation). Oil is kinda like the new gold - it's a safe place to put money when currency inflation sets in. Factor in emerging industrial nations like China, and you have a VERY safe place to put your money.

The oil companies have a marginally higher profit percentage than most industries, but not enough to get worked up over. Their disservice is their limited investment in energy as a whole, outside oil. Furthermore, there hasn't been a new refinery built in the US in decades (and the ones we do have are often buffeted by storms; Katrina affected both supply and demand, which is why prices went up).

So yeah, short answer is oil.

[aki]

Originally Posted by Grizam303

Since you've opened the door, I'll point out that the government does not print money. The Federal Reserve, a private, secretive organization prints money. They control the money supply through interest rates and other methods (open market operations, changing fractional reserve requirements). When the Fed drops rates, they are stimulating the economy in exchange for inflation. Right now, we could be entering a period of stagflation - stagnant growth (not a recession, but not a normal growth) coupled with inflation.

To thoroughly derail and hijack this thread, the Federal Reserve isn't a completely private organization. Actually the Federal Reserve was formed in part as a response to fears of a privately-run central banking system back in 1912, which is why the Federal Reserve Act was passed in 1913. Although the Reserve isn't directly controlled by any branches of govt, the Board of Governors are appointed by the president, approved by Senate. While it can act independently of the govt, there still is congressional oversight--so to say it's private isn't entirely accurate. I said it was part of govt for purpose of simplification, as talking about the intricacies of the Federal Reserve wasn't pertinent to my point. It was simply that oil prices aren't being driven up by greedy oil companies, but by a lot of external factors.

Speculators are also allegedly driving up oil prices as a response to declining dollar valuation (due to Fed manipulation). Oil is kinda like the new gold - it's a safe place to put money when currency inflation sets in. Factor in emerging industrial nations like China, and you have a VERY safe place to put your money.

Oil is a volatile market, and the rise in prices is due to both speculators and the weak dollar. If you were investing, it wouldn't be a safe place to put money, especially since there's speculation that the current high is a bubble waiting to burst. Maybe it is, maybe it isn't, but it's not a no-brainer market to dump your investments in, as differing entities (bank of England, OPEC, economic analysts, etc) have very differing views on the future prospects of oil. Yes, oil in the long run will keep going up (same goes for housing market). But in short term, it's hard to say whether it will burst before going back up again.

To truncate my point, it's simply that oil companies aren't to blame for the rise in prices, it's much more complicated than that.

[PRO Civic]

Just to let you guys know, the GReddy "price increase" has little to do with increase in cost of materials due to high commodity/oil prices. They are doing it more to prevent their brand from becoming diminished by people selling it too low and undercutting their major dealers/distributors.

GReddy wants to make sure their products and support do not decline in quality due to the typical "downward spiral" in pricing/quality that usually happens when a company is just focused on producing more units.

That's how I see it at least, but anyone else (or any other vendor) feel free to chime in and correct me or add to this comment.

[Grizam303]

Originally Posted by PRO Civic

Just to let you guys know, the GReddy "price increase" has little to do with increase in cost of materials due to high commodity/oil prices. They are doing it more to prevent their brand from becoming diminished by people selling it too low and undercutting their major dealers/distributors.

GReddy wants to make sure their products and support do not decline in quality due to the typical "downward spiral" in pricing/quality that usually happens when a company is just focused on producing more units.

That's how I see it at least, but anyone else (or any other vendor) feel free to chime in and correct me or add to this comment.

Occam's razor.

[Nathen]

Originally Posted by CorSport

Almost, we are making that decision now, they are forcing the entire retail market to raise the prices of the entire line to MSRP. The exhaust prices, as an example, must be within 5% of MSRP (about $650+ on most exhausts) or retailers can lose their accounts. They also decided to cut every vendors discount by 15%+ --

SO, to keep selling it, we would be forced to raise the prices excessively and make less money (not that there was ever a penny in Greddys line), but FWIW, we think thats stupid. So with that and the horrible response to the greddy exhaust adapter we have chosen to not list the parts, expect in the next week or so a final decision.

But again, Greddy forced the prices up to MSRP on the First of June. SO we had to pull for now, until pricing and whether we want to keep the line is worked out.

If you really want to and are willing to pay MSRP, listed at Greddy.com, pm us.

Tai
CorSport

Is what I got from corsport when I asked why they removed Greddy from available products.

[Dwn4nythng]

One word, INFLATION

[fern2021]

Originally Posted by sivic_sc

you get what you pay for. greddy is quality, and its made in japan. win win

I noticed the price increase as well. It sucks because the EVO2 is what I want for my car. Yeah you're right, we do win, but now they are winning more.

[nsl]

I would understand a $50 increase,but $100+???

[Nathen]

yea at that price ive decided to just go with Vibrant. I always buy from CorSport!

[Grizam303]

Originally Posted by Nathen

yea at that price ive decided to just go with Vibrant. I always buy from CorSport!

Hooray corsport