Yet another price increase

[sheridany]

Rumor on the street this morning is Newmar has increased prices again today and no more price protection. I heard up to 8%. Not confirmed if that’s accurate.

 

[Richpatty]

Well, on the bright side, that is good for existing owners….

 

[Neal]

At some point buying will stop. I think that point is near.

 

[Jim]

Rumor on the street this morning is Newmar has increased prices again today and no more price protection. I heard up to 8%. Not confirmed if that’s accurate.

Gotta pay for the acquisition somehow.

 

[MapNerd]

Gosh with the rate of increases, I might not be able to afford to sell my coach because I won’t be able to afford another one

 

[Neal]

If the situation is true that prices can increase after an order is placed, which I find wronger than wrong, if I got notified "hey, we need another $30K for your order" rest assured it would be a hard NO and expect a full refund of my deposit. Just when I was thinking of selling mine and buying back in it sure became much less of an option with this news.

 

[MapNerd]

In all fairness, i do understand a need for some increases due to inflation, parts and labor shortages, coupled with high demand. It just seems…a lot. I mean, what would be the point of selling a lightly used Ventana to upgrade to a…*checks price lists*…Ventana?

 

[redbaron]

Today freightliner raised chassis price on all unsold by $11k. Those chassis not yet built have to pay then increase. All dealers got the letter.

Newmar is passing cost to dealer regardless of sale date, since freightliner is doing it.

I don't know if this affects chassis in the construction stage (ie: chassis prep), but I assume it doesn't since those are sold before newmar does the welding.

Newmar also passed on an 8% price increase today and stated they are no longer price protecting their components.

How this affects each person depends on the dealer and the deal.

 

[Neal]

Gently used 2017 Newmar Ventana. $549,995.

 

[redbaron]

I just had a conversation with another dealer, who is very informed. The particular case I posted about mentioned only Freightliner Chassis.

That is not accurate. All production is affected by this look back price increase, including those built on Spartan and Ford. The specific dollar amount does vary by model, but all models are affected.

And to emphasize "For the First time EVER the increase does affect retail sold orders." However, according to my source, retail sold orders will receive a smaller increase than the dealer's non-sold stock orders.


The details of the increases are a bit complicated and most dealers are still trying to sort through their options. My source stated:

"I absolutely dread the thought of calling my customers and telling them that their price just went up on their ordered coach. I will do everything I can to avoid that."

It is best that you allow your dealer time to process the information, and have internal discussions on how each deal will be affected. Wait for your dealer to contact you.

There is a shock-wave going thru the industry right now, and some policies are being made in a vacuum. This may be one of them. As a final statement, my dealer source had this to add:

I’m sure not all dealers will handle this the same way and some of us are still hoping Newmar will re-consider including retail sold coaches in this latest increase.