7995 Swedish Kronor for a Trek 1000
06-23-05, 01:55 PM
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7995 Swedish Kronor for a Trek 1000
At a bike shop here in Stockholm (I'm on vacation, picking up a new Volvo).
Do the math. It's a lot.
Do the math. It's a lot.
06-23-05, 02:35 PM
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Yes it's expensive! But take a look at the Trek 1500, it costs SEK 18000 which is not very far from USD 3000. From what I've picked up at these forums that is a huge difference to the price in the US, right...?
06-23-05, 04:53 PM
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18 000 SEK is around US$2400. If you subtract the VAT (25%), it's almost down to US$1900. I don't know how much a Trek 1500 costs in the US, but if it's half that, I wouldn't be too surprised...
It is expensive here, but remember that most bikes here are cheap bikes, like the ones pictured here:
https://www.rex.se/c_cyklar.htm
The market for medium to high quality bikes, with known brands, is very limited.
And remember that we're only around 9 million people to begin with.
It is expensive here, but remember that most bikes here are cheap bikes, like the ones pictured here:
https://www.rex.se/c_cyklar.htm
The market for medium to high quality bikes, with known brands, is very limited.
And remember that we're only around 9 million people to begin with.
06-23-05, 05:48 PM
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Ja, men alle are dyrt i Svierige, fordi de ha mye skatt.
Also, you need to remember that the exchange rate simply sucks (hvis du er fra USA).
Also, you need to remember that the exchange rate simply sucks (hvis du er fra USA).
06-23-05, 05:59 PM
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how much of that price is tied up in importation duties/taxes/fees?
are "european" bikes more reasonably priced?
are "european" bikes more reasonably priced?
06-23-05, 06:25 PM
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There are virtually no European bikes except these domestic cheapo brands.
Most are of the kinds you see in the link in my previous post, made in Sweden and generally of pretty poor quality. These cheap ones cost from 1000 SEK up to, maybe, 4000 SEK. That's US$135 and US$540 respectively at today's exchange rates.
The additional cost of the imported bikes can be attributed to freight costs from the US and Japan (where many bikes come from, even though they're actually manufactured elsewhere), substantially higher labour costs and VAT.
For an un-skilled worker in a bike shop or similar, the employee cost per hour, for the shop, is around US$15-18. For someone more experienced, add another 5 or so.
And then there's insurance, rent, interest and taxes.
Plus, the bike shop usually has to take care of the bike after it's sold. That is, if the bike breaks down, they have to deal with the warranty and also obligations regulated by an end-consumer sales rights law we have in Sweden.
VAT is 25% for all stuff like this. It's lower for other things, mainly food and "culture". Health and dental services, as well as a few other such things, are exempt from VAT.
Most are of the kinds you see in the link in my previous post, made in Sweden and generally of pretty poor quality. These cheap ones cost from 1000 SEK up to, maybe, 4000 SEK. That's US$135 and US$540 respectively at today's exchange rates.
The additional cost of the imported bikes can be attributed to freight costs from the US and Japan (where many bikes come from, even though they're actually manufactured elsewhere), substantially higher labour costs and VAT.
For an un-skilled worker in a bike shop or similar, the employee cost per hour, for the shop, is around US$15-18. For someone more experienced, add another 5 or so.
And then there's insurance, rent, interest and taxes.
Plus, the bike shop usually has to take care of the bike after it's sold. That is, if the bike breaks down, they have to deal with the warranty and also obligations regulated by an end-consumer sales rights law we have in Sweden.
VAT is 25% for all stuff like this. It's lower for other things, mainly food and "culture". Health and dental services, as well as a few other such things, are exempt from VAT.
