How Do We Determine Our Pricing?
Updated: Mar 8, 2021
Over the years I've had a number of folks ask me how I determine the pricing on my locomotives. The answer is pretty simple. First, these are ALL vintage locomotives and you can't find them, or buy them, at any retail outlet and what they cost doesn't come off of a Dealer Price Sheet. Whether from an online auction site, a train show or from a private party there are no set prices even for the same locomotive. What I pay is simply what it is. Once I buy the locomotive and restore or repair it to meet my standards I mark it up the same percentage above my cost. That's why two or more of the same, or similar locomotives, may have very different prices listed on my website.
People are spending a lot more time at home during the ongoing Pandemic. It's become very apparent that a lot of them have been getting into, or back into, model railroading. This is great for our hobby but not so great for pricing. More people vying for the same limited number of products equals higher prices for everybody. So it goes ..........