We have reduced our prices on many products that we import. It’s rare that prices go down, but we price our products fairly, based on our costs, rather than “what the market will bear.”
Over the last year, the Japanese yen has lost significant value compared to the U.S. dollar, making products from Japan less expensive. The “favorable” exchange rate is offset somewhat, because raw materials (like rubber for tires) are valued in dollars, so the production costs in Japan also have increased. We pre-pay for the products we order, often long in advance of their delivery, so it takes time for exchange rate fluctuations to significantly affect our retail prices.
Over the past year, our costs for many Japanese products, especially tires, have gone down, and we are passing this on to our customers. We are excited that this makes our quality products even more affordable. We hope this helps you as you get your bike ready for the 2014 cycling season.
Just to be clear, we are not announcing a sale. Our new prices are good until our costs go up again… which we hope won’t be anytime soon. So there is no need to rush and buy, like in the Daniel Rebour cartoon (above) from 1946, when raw material shortages and price controls had cyclists dream of stores full of components (tires especially) at good prices.
Click here for more information about the Compass Bicycles Ltd. product line.