Manufacturers announced June HVACR price increases ranging from modest adjustments to double-digit hikes, with flexible duct, insulation, valves, filtration products, motors, and water heaters among the affected categories.
The latest lawsuit to claim collusion and price-fixing by manufacturers was filed May 11 in the U.S. District Court for the Eastern District of Michigan by Husky Heating & Cooling, a contractor in Conway, Arkansas.
New HVAC manufacturers are focusing on reducing installation time and costs through simpler systems, offering more affordable alternatives to traditional, labor-intensive equipment.
The complaint by Reliable AC Services, a Florida contracting business, claims major OEMs that control more than 90% of the HVAC equipment market coordinated price increases, in violation of the Sherman Antitrust Act, at least as far back as January of 2020.
Carrier reported a 12% drop in Q1 residential sales, but commercial growth and pricing actions helped offset weakness amid ongoing lawsuits and market uncertainty.
Rising energy costs and inflation are reshaping HVAC decisions. Learn how homeowners evaluate monthly costs, efficiency, and financing—and how contractors can align sales conversations accordingly.
Lennox weighs in on price-fixing allegations as Q1 results reveal a 10% residential drop, with pricing and commercial growth resulting in overall growth.