Foodservice Equipment Reports

AVERAGE E&S PRICES INCREASE 2.7% FOR PAST YEAR, SAYS AUTOQUOTES

Blended list prices for the more than 350,000 models from more than 400 foodservice equipment, supplies and furnishings manufacturers rose 2.7% for the year ending June 30, according to the latest data from AutoQuotes Inc. AQ released the figures in its July e-newsletter last week and also will present the data at FER’s E&S Market Forecast President’s Preview meeting in Evanston, Ill., on July 27.

The 2.7% average increase is “modest” historically, AQ CEO Kent Motes said, adding that manufacturers remain “cautious and selective” about increases in what they see as a still fragile market. But increases in materials prices of as much as 40% in the past year for stainless and other steels, aluminum, copper and plastics, are pushing suppliers to recover some of the run-up. This led to a split approach. Manufacturers raised prices an average 5.2% on the top half of products, but left them flat for most of the other half. Prices were reduced for nearly 5% of the models.

Last year, manufacturers raised prices an average of only 1.3%, but during the four years from 2005 through ’09, a period which saw repeated surges in materials prices, list-price increases averaged nearly 6%.

The complete newsletter, with additional data on the frequency and timing of increases as well as changes for individual product categories can be found here.

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E&S Prices Increased Average 2.7% In Past Year, Says AutoQuotes

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E&S PRICE INCREASES REMAIN MODERATE, SAYS AUTOQUOTES

Related Events

07 Aug

FER 2019 President’s Preview E&S Market Forecast