How much should appliances cost?
Thirty years ago a side-by-side refrigerator with ice and water through the door sold for around $1500. Today, you can get a name brand for side-by-side ice and water through the door for under $1000.
Thirty years ago a Pontiac Le Mans cost $6230. Today an equivalent car would be over $25,000.
Thirty years ago an Amana Radarange Microwave oven cost $599. Today, a very nice countertop microwave with many advanced features can be purchased for about $200.
Thirty years ago a Chevrolet Camero cost $7571. Today, depending on the model it could be well over $30,000.
So, appliances today are an outstanding bargain when compared to automobiles and other durable goods.
Having said all this, it is true that appliance brands have had regular price increases over the past decade. The raw materials of appliances, steel and plastic, have increased in cost far beyond normal inflation rates, and other basic costs such as transportation (petroleum) have also increased greatly in the past decade. Appliance manufacturers are very good at taking advantage of cost savings opportunities and using technology to improve productivity, but they have already picked most of the low hanging fruit on the money saving trees. Therefore, prices are likely to continue to rise.
Even though competition is fierce, it is likely that appliance prices will continue to rise in the foreseeable future. There are two lessons to be learned from this.
- If you need a major appliance, the time to buy one is sooner rather than later.
- Pick a reliable appliance retailer with knowledgeable, professional sales associates. They'll be able to get you the best deal for your money.
The experts at Universal Appliance and Kitchen Center would make a great choice. Why not call or visit them today?
NOW, two locations to serve you – Calabasas and Studio City: