So does anyone except TMI make seat upholstery any longer? Looking online tonight to see what's available for the 1990 GT seats I plan to use and all I'm finding is TMI.
Distinctive Industries, and when I called back in November a person actually took the time to speak about what was going on with supply / demand.So does anyone except TMI make seat upholstery any longer? Looking online tonight to see what's available for the 1990 GT seats I plan to use and all I'm finding is TMI.
Appreciate you taking the time to outline this, Rick. While everything is a guess (some just more educated than others), I have been reading some stuff lately saying the dollar is expected to rebound in 2021 as the economy, hopefully, strengthens and monetary policy maybe tightens a bit.Prices at both TMI and Distinctive have gone up recently.
One poster hit a valid reason, the weakness of the U.S. dollar vs. foreign currencies. That, combined with sharply-increasing raw materials prices overseas (and currently a spike in prices in the U.S. due to chemical plants that are on the Gulf coast being offline due to hurricane damage, affecting the plastics industry), is all contributing to what you are seeing. Also, TMI made a big re-vamp to the way they are billing costs/labor for many of their upholstery kits, as they were losing money on a ton of them.
This isn't a bunch of businesses getting greedy and raising prices to line their pockets. This is a bunch of businesses doing what they need to do to stay afloat.
Prices are also going to raise on all Scott Drake products, across the board, very soon.
The next four years are going to be one helluva ride folks, no matter what your economic doctrine may be.
Yes, let's hope... I wasn't trying to start any political debate, just the fact that there's stormy waters ahead, and new people piloting the boat. Yet I don't know whether to be reassured or frightened as hell at how all these economies are manipulated and leveled.. LOL.Appreciate you taking the time to outline this, Rick. While everything is a guess (some just more educated than others), I have been reading some stuff lately saying the dollar is expected to rebound in 2021 as the economy, hopefully, strengthens and monetary policy maybe tightens a bit.
Patrick:The company my wife works for us in San Jose. Reported numbers there a few weeks ago were $5.29/gal. Also reported higher numbers in Southern Cal.
Their rationale could be that their prices were too low if they are getting that many orders, but the massive increase could tilt the balance the other way and harm them long-term if orders drop off past a certain point. This spike in demand from low interest rates and covid boredom is by no means permanent, and should not be treated as such. If Rick's information that they were losing money on some kits is true, then indeed they should have raised prices. Covid has really strained supply chains, which will also add costs. I'm not sure about a 50%+ price increase to cover this, though; if it took TMI that long to realize they lost money on some kits and needed a price increase of several hundred dollars, I have to question just what the heck their accountants and management are doing. The optics are terrible.Was told by NPD that TMI is 16-20 weeks behind right now if you order. Maybe the price hike was to discourage additional backorders which ultimately would put them more behind.