More 12 volt suppliers are announcing price increases, even as they await signals today on whether President Trump will increase current tariff rates as planned from 10 to 25 percent on certain Chinese goods.
Remote Start Suppliers
Directed announced a price hike effective December 3 on analog remote start and security products (but not on interfaces such as DB3 and DBALL2).
The increase of 4 to 5 percent follows an increase of 3 percent in October on analog remote start. In both cases, SmartStart, DS4 systems and DS4 accessories are not impacted.
Directed said the first increase was in response to an earlier round of tariffs and the December increase resulted from the most recent tariffs imposed on September 24.
Directed said, “We will continue to monitor tariff effects and adjust our business accordingly.”
VOXX, as we reported earlier, raised prices 5-7 percent October 1 on its analog remote start systems, including those under the Omega Research brand, as well as on other 12 volt products such as backup cameras and sensors and blind spot detection systems. The company is waiting for news from the G20 Summit that starts today, where President Trump is expected to meet with Chinese President Xi Jinping. Results from that meeting could signal whether Trump will raise tariff rates as planned January 1.
Remote start maker Compustar said it raised prices on some products in certain circumstances but did not issue an across the board increase, and the amount of the increases varies.
Rockford said it has not raised prices on its Crimestopper remote start products.
Car Audio Suppliers
In audio, Boss Audio raised prices effective November 1, following an earlier price hike in October. Like Directed, the first increase reflected an earlier tariff. The earlier tariffs impacted capacitors and wiring accessories, said Boss Audio VP Sales & Marketing Doug Kern. Wiring duties were set at 25 percent by the Trump administration, he said. Boss, in turn, raised its capacitor prices by 25 percent and amplifier prices by 20 to 25 percent. Presently, Boss doesn’t expect to raise prices further in 2019.
Other suppliers that have announced price increases due to tariffs include Rockford, JL Audio, Cerwin Vega, Diamond Audio, Kicker and Scosche. Alpine said it expects to raise prices January 1, 2019.