spylaw4 Posted February 16, 2009 Share #1 Posted February 16, 2009 Advertisement (gone after registration) I'm sure I saw someone warning about this in a thread over the weekend, but I can't find it now, so.... As of this morning all UK Leica prices are suddenly up by 6%, and the dealers are annoyed as they got no advance notice, which they have always had in the past. Items already on order should be at the old price. (Thank goodness I got my 24 Elmar on Friday - and no, there was definitely no hint!.) Apparently the increase is due to "currency fluctuation" Might one infer that Leica were also listening to other countries' dealers complaining that UK was "stealing" their business? Maybe, but for a long time the Pound's strength worked against the UK, so perhaps UK dealers were due a bit of good fortune? And to cap it all the M8 discount price is not available in the UK any more - which is downright scandalous (and anti-competitive?). Link to post Share on other sites More sharing options...
Advertisement Posted February 16, 2009 Posted February 16, 2009 Hi spylaw4, Take a look here Plus Six percent!. I'm sure you'll find what you were looking for!
stunsworth Posted February 16, 2009 Share #2 Posted February 16, 2009 Much as I'd prefer it not to have happened, I think a price increase has been on the cards for some time with the way Sterling has been performing over the last couple of months. Link to post Share on other sites More sharing options...
delander † Posted February 16, 2009 Share #3 Posted February 16, 2009 I get very confused with Leica's price changes. I bought a 28cron before Christmas at Robert White, the price for existing stock is still the about same (£1760 before VAT) but for new stock it will be £1965 before VAT. That is 11.6% increase not 6%. You can still get the 15% cashback so that does reduce these prices. Buyers have just got to do the best deal they can at the time. Jeff Link to post Share on other sites More sharing options...
bill Posted February 16, 2009 Share #4 Posted February 16, 2009 Wasn't there a report in last week's AP that Sigma prices are going up in the UK by 40%? See? Buying cheap is truly false economy... Regards, Bill Link to post Share on other sites More sharing options...
spylaw4 Posted February 16, 2009 Author Share #5 Posted February 16, 2009 Sterling has clawed back a bit of ground against the Euro in the last while, so the increase coming now, while not a great as it might have been, is unwelcome. Link to post Share on other sites More sharing options...
delander † Posted February 16, 2009 Share #6 Posted February 16, 2009 Sterling has clawed back a bit of ground against the Euro in the last while, … Not much, but I have no idea how that happened following a 10 billion pound loss by a bank 40% owned by the taxpayer, except to guess that things in Euroland are going downhill also a bit faster. Jeff Link to post Share on other sites More sharing options...
marknorton Posted February 16, 2009 Share #7 Posted February 16, 2009 Advertisement (gone after registration) My understanding is that Leica UK fix their exchange rate 4 times a year - maybe more often in these volatile times - so that short term fluctuations will not change their costs one way or the other. If there's an extra 6% being added, it sounds like they have had to go back to the market for more dosh and got a worse exchange rate. Given the lags in the system, it will not be much fun keeping track of all of this. Link to post Share on other sites More sharing options...
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