“There will be an increase to keep up with competition.”
Good idea. To maintain (but not increase) market share one has to adjust prices match the competition. Your competition would not want to be undersold.
In an efficient system, higher prices will stimulate parts suppliers to get more items to the more consumers. In theory, of course.
Prices should reflect ‘whatever the market will bear’ regardless of circumstances. Normally increases are due to Chinese production costs and changes in supply and demand. Don’t overlook the impact of currently high interest rates and inflation on the bottom line.
In a free market both parties are free to do what is in their best interest. Good luck.
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