“This year, we are already seeing equipment prices ranging up to 8% and expect parts and supplies will be increasing as well,” reported Stephen Pape, ACCA board of directors member and CFO for Pape Services LLC in DeSoto, Texas.
Indeed, a look through The ACHR NEWS’ 2020 archives reveals a slew of pricing-related manufacturer press releases in the fourth quarter. Announced hikes generally ranged from 3% up to 9%. Most kept their announcements short, but a couple of manufacturers attributed the increases to a variety of circumstances — safety-related measures, raw materials costs, labor rates, and transportation rates, to name a few.