I got this e-mail today and it is just one of many I have received over the last couple months. .....
Trane will have a price increase for residential and commercial HVAC equipment effective July 1, 2011.
The major driver behind this increase is the inflationary market for raw materials which account for 70% of HVAC manufacturing costs. Since mid-2010, the cost for these raw materials has increased as follows: steel is up 31%, copper is up 14%, aluminum is up 25%, and refrigerant is up 40%.
The price increase that we enacted on January 1, 2011 offset only a small portion of these increases in raw materials. Since that time, there is continued upward pressure on these materials and so a second price increase has become necessary.
I started a thread about 4-6 weeks ago recommending that if a person was going to buy a boiler, stove, piping or whatever, they would be well advised to buy it now or at least put a deposit on whatever it is so you can lock in the current price. With Goldman Sachs now forecasting oil to be near $135 a barrel by fall we will be seeing major demand for alternative fuel products and there will no doubt be shortages and extended lead times. Ordering a boiler a boiler in September will probably land it on your doorstep in February....
A word to the wise is sufficient.
Trane will have a price increase for residential and commercial HVAC equipment effective July 1, 2011.
The major driver behind this increase is the inflationary market for raw materials which account for 70% of HVAC manufacturing costs. Since mid-2010, the cost for these raw materials has increased as follows: steel is up 31%, copper is up 14%, aluminum is up 25%, and refrigerant is up 40%.
The price increase that we enacted on January 1, 2011 offset only a small portion of these increases in raw materials. Since that time, there is continued upward pressure on these materials and so a second price increase has become necessary.
I started a thread about 4-6 weeks ago recommending that if a person was going to buy a boiler, stove, piping or whatever, they would be well advised to buy it now or at least put a deposit on whatever it is so you can lock in the current price. With Goldman Sachs now forecasting oil to be near $135 a barrel by fall we will be seeing major demand for alternative fuel products and there will no doubt be shortages and extended lead times. Ordering a boiler a boiler in September will probably land it on your doorstep in February....
A word to the wise is sufficient.
