Shopsmith's new website is up....
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- JPG
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Re: Shopsmith's new website is up....
Compare $449 to $338.02.
Sale List
(449.00 - 338.02) / 338.02 = 32.832...% (499.00 - 422.53) / 422.53 = 18.098...% Before / Current Price Increases
(422.53 - 338.02) / 338.02 = 25.001... % (449.00 - 449.00) / 449.00 = 10.020...% Before / Current Sales Discount
So a slightly more than 18% list price increase and a much smaller discount rate for the sale price.
Hope this is accurate - I struggled with it.
Sale List
(449.00 - 338.02) / 338.02 = 32.832...% (499.00 - 422.53) / 422.53 = 18.098...% Before / Current Price Increases
(422.53 - 338.02) / 338.02 = 25.001... % (449.00 - 449.00) / 449.00 = 10.020...% Before / Current Sales Discount
So a slightly more than 18% list price increase and a much smaller discount rate for the sale price.
Hope this is accurate - I struggled with it.
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╟JPG ╢
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Goldie(Bought New SN 377425)/4" jointer/6" beltsander/12" planer/stripsander/bandsaw/powerstation /Scroll saw/Jig saw /Craftsman 10" ras/Craftsman 6" thicknessplaner/ Dayton10"tablesaw(restoredfromneighborstrashpile)/ Mark VII restoration in 'progress'/ 10E[/size](SN E3779) restoration in progress, a 510 on the back burner and a growing pile of items to be eventually returned to useful life. - aka Red Grange
╟JPG ╢
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Goldie(Bought New SN 377425)/4" jointer/6" beltsander/12" planer/stripsander/bandsaw/powerstation /Scroll saw/Jig saw /Craftsman 10" ras/Craftsman 6" thicknessplaner/ Dayton10"tablesaw(restoredfromneighborstrashpile)/ Mark VII restoration in 'progress'/ 10E[/size](SN E3779) restoration in progress, a 510 on the back burner and a growing pile of items to be eventually returned to useful life. - aka Red Grange
Re: Shopsmith's new website is up....
JPG,JPG wrote: ↑Sun Jan 07, 2024 11:43 am Compare $449 to $338.02.
Sale List
(449.00 - 338.02) / 338.02 = 32.832...% (499.00 - 422.53) / 422.53 = 18.098...% Before / Current Price Increases
(422.53 - 338.02) / 338.02 = 25.001... % (449.00 - 449.00) / 449.00 = 10.020...% Before / Current Sales Discount
So a slightly more than 18% list price increase and a much smaller discount rate for the sale price.
Hope this is accurate - I struggled with it.
Thanks. I was lazy with my math and only computed one of them. Also, some hate the verbosity of my posts so I was trying for brevity. Is an 18% price increase (on list price) acceptable in only 6 months compared to a 33% price increase (sale price)? Would be nice to know the source (cause) of such a high price increase.
RF Guy
Mark V 520 (Bought New '98) | 4" jointer | 6" beltsander | 12" planer | bandsaw | router table | speed reducer | univ. tool rest
Porter Cable 12" Compound Miter Saw | Rikon 8" Low Speed Bench Grinder w/CBN wheels | Jessem Clear-Cut TS™ Stock Guides
Festool (Emerald): DF 500 Q | RO 150 FEQ | OF 1400 EQ | TS 55 REQ | CT 26 E
DC3300 | Shopvac w/ClearVue CV06 Mini Cyclone | JDS AirTech 2000 | Sundstrom PAPR | Dylos DC1100 Pro particulate monitor
Mark V 520 (Bought New '98) | 4" jointer | 6" beltsander | 12" planer | bandsaw | router table | speed reducer | univ. tool rest
Porter Cable 12" Compound Miter Saw | Rikon 8" Low Speed Bench Grinder w/CBN wheels | Jessem Clear-Cut TS™ Stock Guides
Festool (Emerald): DF 500 Q | RO 150 FEQ | OF 1400 EQ | TS 55 REQ | CT 26 E
DC3300 | Shopvac w/ClearVue CV06 Mini Cyclone | JDS AirTech 2000 | Sundstrom PAPR | Dylos DC1100 Pro particulate monitor
- dusty
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Re: Shopsmith's new website is up....
Was the speed reducer not originally priced at $49 . Oops
"Making Sawdust Safely"
Dusty
Sent from my Dell XPS using Firefox.
Dusty
Sent from my Dell XPS using Firefox.
- JPG
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Re: Shopsmith's new website is up....
How many decades ago?
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╟JPG ╢
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Goldie(Bought New SN 377425)/4" jointer/6" beltsander/12" planer/stripsander/bandsaw/powerstation /Scroll saw/Jig saw /Craftsman 10" ras/Craftsman 6" thicknessplaner/ Dayton10"tablesaw(restoredfromneighborstrashpile)/ Mark VII restoration in 'progress'/ 10E[/size](SN E3779) restoration in progress, a 510 on the back burner and a growing pile of items to be eventually returned to useful life. - aka Red Grange
╟JPG ╢
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Goldie(Bought New SN 377425)/4" jointer/6" beltsander/12" planer/stripsander/bandsaw/powerstation /Scroll saw/Jig saw /Craftsman 10" ras/Craftsman 6" thicknessplaner/ Dayton10"tablesaw(restoredfromneighborstrashpile)/ Mark VII restoration in 'progress'/ 10E[/size](SN E3779) restoration in progress, a 510 on the back burner and a growing pile of items to be eventually returned to useful life. - aka Red Grange
Re: Shopsmith's new website is up....
So, the discussion always seems to veer way, way off the tracks on the forum. I find it interesting that in only a 6 month (or less) time frame, several products have had significant price hikes. Maybe these are justified because the suppliers (those who actually manufacture stuff) are charging Shopsmith more now. Instead of discussing this, we prefer to get a time machine and presume it is inflation. For comparison, the last time soda was $0.05 was around 1959, BUT if I went to buy a soda today and it was 20% more than it was last week, I would still complain. From the logic on this forum, I should be happy that I can still buy soda, that they still make it and that I got it for a "discount" in the past. Foolish me for complaining and for being shocked by a step function increase in price. Consequently, some products stay the same price for a loooong time, e.g. soda was right around $0.05 between 1886 and 1959. Was the speed reducer a fairly constant price for a reasonably long time prior to 6 months ago, like the soda example from a century ago? Perhaps it was and it might be time for a significant increase now. Then again, there could be other reasons that have already been discussed at length on previous threads. Some of you will appreciate the reasoning AND humor in my post. Others will not and will tell me how I am wrong.
RF Guy
Mark V 520 (Bought New '98) | 4" jointer | 6" beltsander | 12" planer | bandsaw | router table | speed reducer | univ. tool rest
Porter Cable 12" Compound Miter Saw | Rikon 8" Low Speed Bench Grinder w/CBN wheels | Jessem Clear-Cut TS™ Stock Guides
Festool (Emerald): DF 500 Q | RO 150 FEQ | OF 1400 EQ | TS 55 REQ | CT 26 E
DC3300 | Shopvac w/ClearVue CV06 Mini Cyclone | JDS AirTech 2000 | Sundstrom PAPR | Dylos DC1100 Pro particulate monitor
Mark V 520 (Bought New '98) | 4" jointer | 6" beltsander | 12" planer | bandsaw | router table | speed reducer | univ. tool rest
Porter Cable 12" Compound Miter Saw | Rikon 8" Low Speed Bench Grinder w/CBN wheels | Jessem Clear-Cut TS™ Stock Guides
Festool (Emerald): DF 500 Q | RO 150 FEQ | OF 1400 EQ | TS 55 REQ | CT 26 E
DC3300 | Shopvac w/ClearVue CV06 Mini Cyclone | JDS AirTech 2000 | Sundstrom PAPR | Dylos DC1100 Pro particulate monitor
- JPG
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Re: Shopsmith's new website is up....
Humor?
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Goldie(Bought New SN 377425)/4" jointer/6" beltsander/12" planer/stripsander/bandsaw/powerstation /Scroll saw/Jig saw /Craftsman 10" ras/Craftsman 6" thicknessplaner/ Dayton10"tablesaw(restoredfromneighborstrashpile)/ Mark VII restoration in 'progress'/ 10E[/size](SN E3779) restoration in progress, a 510 on the back burner and a growing pile of items to be eventually returned to useful life. - aka Red Grange
╟JPG ╢
╚═══╝
Goldie(Bought New SN 377425)/4" jointer/6" beltsander/12" planer/stripsander/bandsaw/powerstation /Scroll saw/Jig saw /Craftsman 10" ras/Craftsman 6" thicknessplaner/ Dayton10"tablesaw(restoredfromneighborstrashpile)/ Mark VII restoration in 'progress'/ 10E[/size](SN E3779) restoration in progress, a 510 on the back burner and a growing pile of items to be eventually returned to useful life. - aka Red Grange
- dusty
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Re: Shopsmith's new website is up....
Just in case it might be of interest the advertised price of a Shopsmith Speed Reducer just a short twenty years ago was $241.50. How's that for inflation.
reference: 2003 Master Catalog and Service Parts List
reference: 2003 Master Catalog and Service Parts List
"Making Sawdust Safely"
Dusty
Sent from my Dell XPS using Firefox.
Dusty
Sent from my Dell XPS using Firefox.
- JPG
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- Joined: Wed Dec 10, 2008 7:42 pm
- Location: Lexington, Ky (TAMECAT territory)
Re: Shopsmith's new website is up....
I think that explains the recent increase. Been same fer 20 yrs!
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╟JPG ╢
╚═══╝
Goldie(Bought New SN 377425)/4" jointer/6" beltsander/12" planer/stripsander/bandsaw/powerstation /Scroll saw/Jig saw /Craftsman 10" ras/Craftsman 6" thicknessplaner/ Dayton10"tablesaw(restoredfromneighborstrashpile)/ Mark VII restoration in 'progress'/ 10E[/size](SN E3779) restoration in progress, a 510 on the back burner and a growing pile of items to be eventually returned to useful life. - aka Red Grange
╟JPG ╢
╚═══╝
Goldie(Bought New SN 377425)/4" jointer/6" beltsander/12" planer/stripsander/bandsaw/powerstation /Scroll saw/Jig saw /Craftsman 10" ras/Craftsman 6" thicknessplaner/ Dayton10"tablesaw(restoredfromneighborstrashpile)/ Mark VII restoration in 'progress'/ 10E[/size](SN E3779) restoration in progress, a 510 on the back burner and a growing pile of items to be eventually returned to useful life. - aka Red Grange
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Re: Shopsmith's new website is up....
I don't want to pay higher prices for stuff any more than anyone else does. That said, was SS a healthy, successful company at the prices they til recently charging? Or were they circling the drain? I have no idea of their actual financial situation of course. But from an outside vantage point looking in, with their frequent "clearance sales" and the dropping of more & more products from the catalog, it seemed to me they were on a long glide path to insolvency. I expect higher prices are a gambit for the company to survive. Now it just remains to be seen if the higher prices result in greater profits resulting from higher margins, or reduced profits from lost sales. Time will tell....
JPG or someone mentioned that the sale price was $950k or thereabouts. That doesn't seem like a lot for a healthy, thriving company selling hundreds of thousands of fairly expensive machines per year (suggesting it isn't and doesn't).
If it were the case that there were only two options, being:
1. Higher prices but SS survives and is able to continue supplying new machines and to support older ones, or
2. Shopsmith ceases operations
...which would you prefer?
JPG or someone mentioned that the sale price was $950k or thereabouts. That doesn't seem like a lot for a healthy, thriving company selling hundreds of thousands of fairly expensive machines per year (suggesting it isn't and doesn't).
If it were the case that there were only two options, being:
1. Higher prices but SS survives and is able to continue supplying new machines and to support older ones, or
2. Shopsmith ceases operations
...which would you prefer?
Last edited by HopefulSSer on Sun Jan 07, 2024 9:13 pm, edited 1 time in total.
Greenie SN 362819 (upgraded to 510), Bandsaw 106878, Jointer SS16466
Re: Shopsmith's new website is up....
$950K not $950M!!!HopefulSSer wrote: ↑Sun Jan 07, 2024 8:40 pm someone mentioned that the sale price was $950M or thereabouts.
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