Author Topic: Major Price Hike? (Read 1328 times)

Curly · « **on:** February 07, 2007, 10:29:23 AM »

The old addage that every once in a while, a blind squirrel finds an acorn! Ordered a lefty .280 Rem 700 KS Mountain rifle from the Custom Shop.. Ordered late October from the prices listed at that time. Retail was $1700+-. Now they list for $2400+. When did they jump so much in price? Why? I am feeling lucky, assuming I get the gun at the price I was quoted. I do have a sheet from Cabelas with the price that was verified by them prior to my deposit. I can't imagine the new trigger is that much more, and I dont see any major spec changes. Any thoughts? Thank Curly.

jvs · « **Reply #1 on:** February 07, 2007, 11:13:39 AM »

The old adage about supply and demand does not apply to our economy any more.

Businesses now charge....

What the Market will Bear.

The same thing is about to happen to Ammo.

victorcharlie · « **Reply #2 on:** February 07, 2007, 12:58:03 PM »

All Remington products have had a price increase.......roughly an 11% increase on retail price......

Kimber went up last week too.......

Curly · « **Reply #3 on:** February 07, 2007, 03:29:43 PM »

I understand prices going up, but a 40% jump is unsual.

jvs · « **Reply #4 on:** February 07, 2007, 10:09:34 PM »

Over the years I have run into two people who have ordered Rifles from the Custom Shop at Remington. While there must be enough people who do order Rfiles to make Remington keep the Custom Shop open, one of the two that I met would never order order through the Custom Shop again. He claims the quoted price for him was a 'Estimate', and the final price of his Custom Rifle came in what he calls 'substantially' higher. Whether that is common for Custom Shop Rifles from Remington, I don't know.

To be fair, the other guy said he had no problem at all. Both said it took longer then they expected.

I suppose the fine print on the order form will tell the story on the final price.

GrassLakeRon · « **Reply #5 on:** February 08, 2007, 12:55:38 AM »

Hi All,

Last spring I starting looking at a Rem 700 XCR in 375 H&H, the price was $675. By summer 06 it was $725 and by September it was $795. I noticed on their website retail is now at $1100 up from 795 last spring. Supply and demand. I put one on order in July at my local gun shop. He couldn't get them in and he is the largest seller around. So I cancelled my order and picked up the last one at cabelas which was $50 more, but they had one. I think remington has cut back on production in order to raise their profit margin. Just my 2 Cents.

Ron

jhm · « **Reply #6 on:** February 08, 2007, 03:37:26 AM »

Curly: I would contact Cabelas and get it Varified as to final price in Writing b-4 I waited too long, have they given you a aprox. date for it to be completed?

JIM

jvs · « **Reply #7 on:** February 08, 2007, 11:29:12 AM »

I have had my eye on one of those Model 7 Mannilicher's in the Remington Custom Shop for quite a while now, but I thought I would wait until somebody orders a Special Run of Model 7 Mannilichers before I try to get one from the Custom Shop. I don't want to pay that kind of money for a Rifle.

I am sure the Custom Shop can no longer guarantee prices. Quality may suffer if you get them to agree to nail down a price 6 months before it is completed.

If someone here knows different, they can enlighten me.

Curly · « **Reply #8 on:** February 09, 2007, 12:18:06 PM »

Thanks for the replies. I did look up my order slip from Cabelas. I know they contacted Remington prior to giving me a firm price because I did not like the gray stock, and requested it be black like the Alaska Wilderness Rifle. Remington confirmed the price, and that they could put the black stock on the gun. I hope the recent price hikes don't give Remington or Cabelas pause to change things up. The approx order time is 4 months and it was ordered on 10/27/06. So I should have something soon. If there is a problem, I will just build a custom gun from either a Rem 700 action, or one of the new Borden Alpine actions. Although I would much prefer to be lazy, and just get what I ordered.

Lawful Larry · « **Reply #9 on:** February 11, 2007, 10:15:44 AM »

Remington has big time cash problems. They are on the brink of bankrupcy. They are propably raising their prices to cover a large debt that they own. I think they have a 300 or 400 million dollar note that is coming due or has come due. This may be the reason for these price increases.

Maybe someone else has the big picture!

Zachary · « **Reply #10 on:** February 11, 2007, 12:14:13 PM »

Where did you get your info? That seems very confidential. Is Remington a publicly traded company?

If what you are saying is accurate, then I'm don't think that a temporary price hike is going to help them if their note is due soon. In any event, I would imagine that, if they are close to bankruptcy, then their lender should be willing to renegotiate the note.

Zachary

kyelkhunter3006 · « **Reply #11 on:** February 11, 2007, 12:50:02 PM »

I remember reading several years ago that Remington was having financial issues......I think it was in Gun World where I read it. It's just one of those things that's hung in the back of my mind, you know? Anyway, from what I remember, their situation back then was similar to Winchester's (and Ford's): losing money on most of what it was selling, low to no profits for several years running, etc. The writer made a big deal about Remington being the oldest gunmaker, the most popular gun company, being on the brink of bankruptcy, how in the world did they get themselves in that kind of financial situation, blah blah blah.

Since I hadn't heard anything or read anything about it since then, I thought that maybe they had figured out their problems and fixed them.

Anyone else have any ideas??

Lawful Larry · « **Reply #12 on:** February 12, 2007, 01:27:51 AM »

Quote from: Zachary on February 11, 2007, 12:14:13 PM

Where did you get your info? That seems very confidential. Is Remington a publicly traded company? Zachary

Don't know how confidential it may be, but I got it from a friend that goes to the shot show. He said there was some talk about Remington and their financial problems. Don't know if it is confirmed, I don't know the CEO. Just passing on what I heard.

Zachary · « **Reply #13 on:** February 12, 2007, 01:36:13 AM »

It's okay, I was just curious. Still, unless Remington is a public company, that info seems very confidential, and limited only to the board room (unless there was a leak). I think that you are right - it is going to be very difficult to confirm it, absent a press release or something like that.

Come to think of it, a UCC search could be done, but I'm not that interested to spend that much money on an attorney to do the work. Dang lawyers...you know how expensive they can be.

Zachary

Brithunter · « **Reply #14 on:** February 13, 2007, 09:55:48 AM »

Well you only have to read the forums on the WWW and take notice of the amount of posters who say they won't buy another Remington rifle fo this eason, or that reason, this has got to be hurting their sales so what do Remington do?

Improve their product?

Up the prices?

Only you who go and look at the new Remingtons can answer that one

However it seems the same old story and remington have relied on customer loyalty and taken those same customers fro granted for too long and look where it's got them. Same old story told over and over again but no one seems to learn from it. It will be sad it such an old established firm goes bust

not because I like their products but because it's an historical issue.