Due to persistent cost increases, Lennox Industries will be increasing prices up to 8% on residential and commercial equipment, accessories, and parts.
Price increases and inventory challenges are not going anywhere, so HVAC companies need to focus on transport, inventory, training, and communication as 2023 approaches.
Trane Technologies’ commercial HVAC business announced a price increase ranging from 3-6% on select Traneunitary, applied, and controls equipment with some items subject to additional increases.
The cost of everything from groceries to used cars continues to climb, and the HVAC industry hasn’t been spared from price increases either. So what is causing these price increases?
