Whirlpool and Electrolux Brand Appliance Manufacturers announced earlier today up to a 10% price increase across the board by April 1st. This is most likely due to the lack of profit margins they have been getting over the past couple of years. Is this a good thing for the appliance industry? How many others will follow along? I don’t know.
Lets look at a couple of things.
Appliance prices have remained flat over the past 15 years
Costs of raw materials, copper, aluminum, steel, and even fuel have increase dramatically in that period.
Even the largest appliance manufacturers can no longer…