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BigHat · 1 October 2008, 04:43 AM

Personally, I'd be astonished if the current economy doesn't impact Rolex sales. It's not just resources that lead to a sale, it's also one's attitude.

This is a rather serious situation brewing. We have some well-deserved "tough love" coming. I see consumerism dying up at all levels. Take a look at dire forecast for Christmas sales and the huge plunge in consumer product stocks.

Didn't take me long this week to come to the conclusion that I need another watch like I need a hole in the head. That's a sentiment arrived at totally independent of resources available. Yea, I know rich guy x doesn't care ... But think of the buying demographic for Rolex, it's a good hunk of the middle and upper-middle classes that will probably tend to keep more cash around --- just in case. I mean when you get right down to it --it's a watch.

briantheartist · 1 October 2008, 04:51 AM

In my store I believe we have sold more Rolex this year compared to last.

BigHat · 1 October 2008, 04:53 AM

Quote:

Originally Posted by briantheartist

In my store I believe we have sold more Rolex this year compared to last.

Tell me how many you sell next year compared to this year. That's the metric to track.

f16570 · 1 October 2008, 04:53 AM

They will raise prices, cut back production and increase their margins.

SLS · 1 October 2008, 04:53 AM

Its pretty simple really, manufacturers are being charged more for raw materials, so they just pass that along to the end user. I think you will see more of a trend to purchase pre-owned as well.
~Scott

View Poll Results: Price of Rolexes Going Up or Down? (in the near term)
World Economy will drive the price DOWN.	8	7.14%
Rolex will INCREASE prices despite the economy.	85	75.89%
No Price changes will happen (in the near term.)	19	16.96%
Voters: 112. You may not vote on this poll

1 October 2008, 04:53 AM	#34
f16570 "TRF" Member Join Date: Jan 2007 Real Name: F Location: Scotland Watch: Exp II White Face Posts: 4,272	They will raise prices, cut back production and increase their margins. __________________ Why have what's new when you have what's best. f

1 October 2008, 04:43 AM	#31
BigHat Banned Join Date: Sep 2007 Real Name: Matt Location: Arlington, VA Watch: Lange One MP Posts: 4,043	Personally, I'd be astonished if the current economy doesn't impact Rolex sales. It's not just resources that lead to a sale, it's also one's attitude. This is a rather serious situation brewing. We have some well-deserved "tough love" coming. I see consumerism dying up at all levels. Take a look at dire forecast for Christmas sales and the huge plunge in consumer product stocks. Didn't take me long this week to come to the conclusion that I need another watch like I need a hole in the head. That's a sentiment arrived at totally independent of resources available. Yea, I know rich guy x doesn't care ... But think of the buying demographic for Rolex, it's a good hunk of the middle and upper-middle classes that will probably tend to keep more cash around --- just in case. I mean when you get right down to it --it's a watch.

1 October 2008, 04:51 AM	#32
briantheartist Member Join Date: Apr 2008 Real Name: Brian Location: USA, California Watch: GMT Master II Posts: 92	In my store I believe we have sold more Rolex this year compared to last.

1 October 2008, 04:53 AM	#35
SLS "TRF" Member Join Date: Aug 2006 Real Name: Scott Location: GMT -7 Watch: GMT's & Sub's Posts: 10,401	Its pretty simple really, manufacturers are being charged more for raw materials, so they just pass that along to the end user. I think you will see more of a trend to purchase pre-owned as well. ~Scott

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