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Thread: Lee Valley Price Increase :(

  1. #1
    Join Date
    Feb 2016
    Location
    Edmonton, Alberta
    Posts
    347

    Lee Valley Price Increase :(

    I've been trying to get my hands on a Veritas Low Angle Jack for a few weeks now, since early January. For a while now they've been out of stock or limited quantities online & in-store. I visited my local store twice when they had them in limited quantities, and both times found out they were just sold out, the second time actually had to watch another gentleman walk away with what I assume was the last one. I've been watching the status online (expected in store February 18), planning to go in on the 18th to make sure, but today I refreshed my cart and notice the price went up by around 5% over last week. Looking at the items in my wishlist, like the cabinet scraper and the shooting plane, it seems the price increase was applied to all the woodworking tools. Is there a fixed time that the price increase occurs every year? That would be good to know for planning purchases. I assume it is something to do with the poor loonie .

    Just goes to show that sometimes it doesn't pay to have patience!

  2. #2
    Join Date
    Jan 2010
    Location
    Marietta, GA
    Posts
    377
    Are you sure you are looking at the right country or something?

    i show a price of $257. I paid $249 in March of 2012...

  3. #3
    Join Date
    Feb 2016
    Location
    Edmonton, Alberta
    Posts
    347
    Hi Kurt. I'm in Canada. I think we've had almost an annual increase for the last couple of years since the loonie tanked, comparing some of the prices of the items I bought 2 years ago to now. The price of the LA Jack (PMV11) was around $280 last week, and has been upped to $299 now.

  4. #4
    Join Date
    Apr 2013
    Location
    Issaquah, Washington
    Posts
    1,137
    I just checked 3 planes and no change in pricing here.

  5. #5
    Join Date
    Dec 2016
    Location
    South West Ontario
    Posts
    874
    New year price increases are normal, if stuff is going up that's when they do it. December is crazy busy in there so Jan is when fewer people will notice.
    When the Canadian dollar tanks they put up 'Prices in Catalogue are out of date due to currency changes' signs. I think last time they did that the Veritas tools I checked did not change in price and some imported products did not change either. I 'panic' bought the last diamond lapping plate in the store! Even today it's only $30 more.

    My qualitative impression is their pricing is fair. The weak $Cdn must be greatly helping their exports.

    What if Trump slaps on tariffs?
    Last edited by William Fretwell; 01-18-2017 at 8:02 PM. Reason: Trump

  6. #6
    Join Date
    Dec 2015
    Location
    Dublin, CA
    Posts
    4,119
    Quote Originally Posted by Bill McNiel View Post
    I just checked 3 planes and no change in pricing here.
    Although they manufacture in Canada, some of their raw inputs (iron, tool steel, etc) are in US dollars, which means that their manufacturing costs in $CDN have likely increased as the Canadian Dollar has weakened. I suspect that's why they've been raising their Canadian prices (as Hasin observed) while holding their US prices steady (as you observed).

    It looks like $CDN is headed back up though, at least since Trump started trying to jawbone the USD down.

  7. #7
    Join Date
    Mar 2006
    Location
    SoCal
    Posts
    19,675
    Quote Originally Posted by Hasin Haroon View Post
    Just goes to show that sometimes it doesn't pay to have patience!
    Patience is fine but, when you want a known item and you know there has been a pattern of almost annual price increases . . . place your order now. Grizzly, Lee Valley and others are pretty good about keeping you apprised of coming price increases if you subscribe to their newsletters/emails. I have noticed some folks who were smart enough to buy a few of some items years back are now starting to sell them as "New Old Stock".

    There are times when I want a particular item. I will put in a good effort to get the best deal but, if it is something I know I will eventually buy, I try not to be too picky and end up losing out. I do share your pain of leaving something in the cart just a bit too long or passing on something hoping to find a better deal and having it not materialize; BTDT.
    Last edited by glenn bradley; 01-19-2017 at 8:36 AM.
    Buy a man a plane ticket and he’ll fly for a day.
    Push a man out of a plane
    and he’ll fly for the rest of his life.

  8. #8
    Join Date
    Dec 2016
    Location
    South West Ontario
    Posts
    874
    Up is a relative term after a period of near parity. Paying 30% more in the US or 15% less in the UK, even Japan had good pricing for a while but their good chisel makers are done & gone, the new super steels attempt to fill the gap.
    Fortunately with wood work you can do a lot with very little.

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