UK Price Increases

[baxta69]

I recently posted a very controversial thread based on information received that there would be a considerable increase in Rolex in the UK. This was balanced against the poor value of the pound and the increase in gold prices. I learnt today that my tt sub has now gone up from £5370 to £5790. An increase of £420 equating to a rise of 7.25%
Could this be the begining of a stepped increase resulting in as was stated before, an overall increase to 30% or there abouts?
Any ideas or views? Please keep it civilized as I am not here to start a ruck!

[harvey]

-shrugs- ONLY rolex knows....

[baldyspoon]

Like I said on another thread about price increases, at this rate only rich people will be able to afford them. The average man on the street who works hard is gradually being pushed out from being able to afford a Rolex, with people losing jobs taking pay cuts to keep a job how can Rolex justify a price increase it's pure madness

[A1000]

Originally Posted by baldyspoon

Like I said on another thread about price increases, at this rate only rich people will be able to afford them. The average man on the street who works hard is gradually being pushed out from being able to afford a Rolex, with people losing jobs taking pay cuts to keep a job how can Rolex justify a price increase it's pure madness

Maybe this is Ford's ideal as they also increased their prices in the UK this week

Who knows what the Rolex strategy is, it would appear that the 30%+ increase over the last year in the UK can be tied to the exchange rate changes across the world and the "need" to balance their prices. This combined with the increase in prices of precious metals. At the end of the day Rolex know they have a strong brand and portfolio of products. After all isn't that why we all have Rolexes?

[topcat30093]

As I mentioned on another thread. Regarding this very same issue.
As long as the GBP remains low, then you can expect prices to rise.
I have now been told, that some brands are looking at carrying out their SECOND price increase of the year, next month!!!!!!!!!!!!

[chenx15]

aren't you happy that you just learned that the rolex you bought increased in value? as an owner i like the fact that the prices increase becuase i know if i want my money back chances are i will get it back. it's bad news for non rolex owners and collectors of new rolex watches but all i can say is they can double their prices if they want to.

[wristworks]

Toyota are laying off hundreds in the UK but are still putting their prices up because of the weak pound.

[baldyspoon]

Originally Posted by chenx15

aren't you happy that you just learned that the rolex you bought increased in value? as an owner i like the fact that the prices increase becuase i know if i want my money back chances are i will get it back. it's bad news for non rolex owners and collectors of new rolex watches but all i can say is they can double their prices if they want to.

Not true re getting money back, as not seeing second hand prices rising and in fact after a few call to dealers was getting offered 10% off second hand but nothing on new