Snap On Price Increase

[ric006]

Does anyone know about the approximate Price increase percentage from 1990 to Now on snapon tools

 

[d.mcfarland]

Best bet is to find the price from 1990 and do the math on each particular tool.

 

[Lookin4'67Galaxieconv]

29.37%

 

[panknuckshovel]

29.37%

That's what I came up with as well

 

[ric006]

thanks guys

 

[Wamsutta]

29.37%

Did you compare a 1990 F730 to a 2015 F80 ?

 

[RedneckWelder]

Does that account for inflation? A lot of people will see an ad for stuff in the old days and go "man I wish prices were cheap like back then" when if you adjust for inflation, then the price today for the same item really hasn't risen much at all (or it has even decreased)

 

[Strouty]

Does that account for inflation? A lot of people will see an ad for stuff in the old days and go "man I wish prices were cheap like back then" when if you adjust for inflation, then the price today for the same item really hasn't risen much at all (or it has even decreased)

I think a lot of people overlook that. It is almost impossible for most people to understand this idea and it is probably useless to try and explain it.

 

[ianguilly]

Price of 8 piece screwdriver set in January of 1996 was $96.05 in 2015 dollars that's $143.00. A set of the same screwdrivers with newer handles is $157.00. So that's only a 10% rise in a spand of almost 20 years. not that bad if you ask me.

 

[coljar]

My problem is, I make 4 times what I did in 1990, but it hurts twice as much to buy a Snap-On tool now. Probably because I'm not making my living with them now.

 

[shockwave]

Best generalization of inflation would be movie tickets.

Same could be said with oil on how everything goes up

Snap on is pretty high but I usully get deals from my dealer that gets them at great deals on special

 

[G1GRANDEUR]

Price of 8 piece screwdriver set in January of 1996 was $96.05 in 2015 dollars that's $143.00. A set of the same screwdrivers with newer handles is $157.00. So that's only a 10% rise in a spand of almost 20 years. not that bad if you ask me.

not bad at all compare to gas price.

 

[bsaint]

It actually just went up again, worst part is in the middle of an order!

 

[RedneckWelder]

It actually just went up again, worst part is in the middle of an order!

Cornwell did too.

 

[Wizzard]

That is why I buy SO second hand new or lightly used, their MSRP prices do not justify the worth. I have some iterations of USA made Craftsman sockets that are constructed better than recent SO sockets...at a fraction of the cost.

 

[Adam.C]

I think about this when I consider buying a second hand KRL toolbox. I suspect those things never sell at list. The 10 year old models floating around today are probably selling for more than they were purchased for. Neglecting inflation, I think that's a cheap tool box. Buy it for $2000, sell it on Craigslist 15 years later for $2000.

 

[Trey T]

I think about this when I consider buying a second hand KRL toolbox. I suspect those things never sell at list. The 10 year old models floating around today are probably selling for more than they were purchased for. Neglecting inflation, I think that's a cheap tool box. Buy it for $2000, sell it on Craigslist 15 years later for $2000.

I wouldn't bet on that because there are other brands such as Lista and Rousseau are penetrating that same market for much less than SO boxes.

 

[Spudland_Dave]

I wouldn't bet on that because there are other brands such as Lista and Rousseau are penetrating that same market for much less than SO boxes.

I would...

I cant comment about Rosseau..but in 10 years ??? if you'll be able to get parts to service a 10 year old Lista. History has proven that to be true today. A 10 year old Lista is on par with a HF toolbox...no parts.
I don't care if its made with 3/8" Plate, if you cant get wear items like slides, pulls, and other NECESSARY items, even the best branded box is just scrap metal. At least a 10 year old Snappy is still serviceable.

 

[Zrexxer]

I've got a 1988 Snap On price list in my desk here at work. If you want to look up some key examples to use as indicators, I'll post prices, but I'm not scanning the entire list.

 

[afazz]

Zrexxer: how about prices for the 1988 equivalent of these five:

3/8" drive standard ratchet (F80)
16mm combination wrench (OEXM160B or SOEXM16)
3/8" drive 6-point 13mm chrome socket (FSM131)
#2 Phillips screwdriver, hard handle, 4" (SHDP42IRR)
Body hammer, peen, wide nose (BF618B)

To calculate inflation:
http://www.bls.gov/data/inflation_calculator.htm

 

[Zrexxer]

OK, here goes. I substituted part numbers for the 1988 equivalents where necessary:

F720 3/8 Standard Ratchet: $35.25
OEXM160 16mm Combination Wrench: $20.40
FSM131 3/8 Chrome 13mm socket: $5.10
SDDP42 #2 hard-handle Phillips, 4" shank: $9.65
BF618 Body hammer: $38.00

 

[Spudland_Dave]

Adjusted for Inflation using this calculator:http://data.bls.gov/cgi-bin/cpicalc.pl
F720 3/8 Standard Ratchet: $35.25 = $69.94 in 2015
OEXM160 16mm Combination Wrench: $20.40 = $40.48
FSM131 3/8 Chrome 13mm socket: $5.10 = $10.12
SDDP42 #2 hard-handle Phillips, 4" shank: $9.65 = $19.15
BF618 Body hammer: $38.00 = $75.40

 

[rsanter]

there are other things to look at as well
I remember back in the early 90s compairing some prices between certain snap on and craftsman tools. pliers mostly. I was surprised that there was not as much price difference as I would have thought.
over the years that gap has widened. however the quality of the snap on tools has remained and the craftsman has declined

bob

 

[Zrexxer]

Adjusted for Inflation using this calculator:http://data.bls.gov/cgi-bin/cpicalc.pl
F720 3/8 Standard Ratchet: $35.25 = $69.94 in 2015
OEXM160 16mm Combination Wrench: $20.40 = $40.48
FSM131 3/8 Chrome 13mm socket: $5.10 = $10.12
SDDP42 #2 hard-handle Phillips, 4" shank: $9.65 = $19.15
BF618 Body hammer: $38.00 = $75.40

OK, now let's compare those inflation-adjusted prices to actual 2015 SO prices...

F80 Ratchet: $99.95
OEXM160B: $37.25
FSM131: $14.90
SHDP42IRR: $22.90
BF618B: $73.25

 

[Scooterfish]

Would you price the following tool boxes? I just bought this set used and wondering what they were new. Thanks

KRA58 chest
KRA429 mid chest
KRA352 or KRA379 bottom roller

 

[Spudland_Dave]

OK, now let's compare those inflation-adjusted prices to actual 2015 SO prices...

F80 Ratchet: $99.95
OEXM160B: $37.25
FSM131: $14.90
SHDP42IRR: $22.90
BF618B: $73.25

Minus the ratchet...the new pricing/old pricing is well within spec of being "normal"...I think the F80 is a bit higher because of the much more complex nature of it. Don't need to be a rocket scientist to know there's more to a Dual 80 then the old style.
I wont compare tolerances and accuracy because advancements in machine tool technology & automation make it a wash.

Once you factor in increased input costs (Energy, Raw Materials)...looks like the SO's of today are almost a better value then before

This exercise doesn't really shock me...the CMan version of this topic was much more enlightening...especially for the tool truck haters but nobody seems to talk about it.

 

[afazz]

Crunching some numbers, here are the inflation-adjusted percentage increases (or decreases) from 1988 to 2015.

43% equivalent price increase F80 3/8" drive standard ratchet
8% equivalent price decrease OEXM160B 16mm combination wrench
47% equivalent price increase SM131 3/8" drive 6-point 13mm chrome socket
20% equivalent price increase SHDP42IRR #2 Phillips screwdriver, hard handle, 4"
3% equivalent price decrease BF618B Body hammer, peen, wide nose

 

[Adam.C]

What's the point here again? Has everyone's wages only increased with inflation? I make 4x what I made (in the same job for the same company) in 1991. Thats double the increase in inflation (And I'm not bragging about that)

Maybe SO price increases are related to SO employee wage increases. Good US jobs. Automation will have allowed the price of some tools to increase less than those requiring more touch labor? Given my wage increases, Snap On tools are now less expensive for me to purchase. A point I have made many times here. My new set of hammers cost less than a family dinner to Chille's.

I think America has become drunk on cheap chinese imports. We pay less for socks and underwear today, than we did 10 years ago. But the low priced goods at HF and Walmart come with a hidden cost. Where will our children work? What about their children?

BTW, the Europeans are better at this than we are.

 

[jimindm]

What's the point here again? Has everyone's wages only increased with inflation? I make 4x what I made (in the same job for the same company) in 1991. Thats double the increase in inflation (And I'm not bragging about that)

Maybe SO price increases are related to SO employee wage increases. Good US jobs. Automation will have allowed the price of some tools to increase less than those requiring more touch labor? Given my wage increases, Snap On tools are now less expensive for me to purchase. A point I have made many times here. My new set of hammers cost less than a family dinner to Chille's.

I think America has become drunk on cheap chinese imports. We pay less for socks and underwear today, than we did 10 years ago. But the low priced goods at HF and Walmart come with a hidden cost. Where will our children work? What about their children?

BTW, the Europeans are better at this than we are.

Sadly many people only think about themselves. They want to buy off the internet cheap, but then complain that there is no stores left in town.

The worst problem with that thinking is empty buildings on main street, no jobs in town, etc. Along with who donates to the FD or PD, the cub scouts or the churches. Many times it was those businesses, that were patronized by locals, that done much of the donating.

Once its gone, it is never coming back. Buying local means more now than ever before.

 

[Zrexxer]

If y'all want to piss and moan about how your town dried up and there are no jobs, feel free to start a thread. Meanwhile, getting back to the topic of how prices have changed over the years, here's Scooterfish's retail box prices in 1988:

KRA58H: $400.00
KRA429F: $245.00
KRA352J: $540.00

There isn't a price for a KRA379.

 

[03protege]

What's the point here again? Has everyone's wages only increased with inflation? I make 4x what I made (in the same job for the same company) in 1991. Thats double the increase in inflation (And I'm not bragging about that)

The company you work for has quadrupled your pay and not increased your responsibility? Must be nice.

 

[90zcar]

Snap on inflates their stuff way higher n faster than the inflation rate for the economy. I swear half the things over 20 bux increase by 2 bux or so every couple of months


Sent from my iPhone using Tapatalk

 

[Trey T]

I would...

I cant comment about Rosseau..but in 10 years ??? if you'll be able to get parts to service a 10 year old Lista. History has proven that to be true today. A 10 year old Lista is on par with a HF toolbox...no parts.
I don't care if its made with 3/8" Plate, if you cant get wear items like slides, pulls, and other NECESSARY items, even the best branded box is just scrap metal. At least a 10 year old Snappy is still serviceable.

I used to think the same way that HF was just good enough until I own couple Lista boxes. It's not mainly about thickness of metal or its high capacity, it's more about the ability to ORGANIZE your tools and material, and that's something that SO box or HF struggle to do.

I think it's one of those thing where you have to experience it first hand.

 

[Fcvapor05]

I used to think the same way that HF was just good enough until I own couple Lista boxes. It's not mainly about thickness of metal or its high capacity, it's more about the ability to ORGANIZE your tools and material, and that's something that SO box or HF struggle to do.

I think it's one of those thing where you have to experience it first hand.

So you can magically organize a Lista drawer better than a Snap-On/HF drawer?

Tell me more.

 

[Scooterfish]

Zrexxer , Thanks for the tool box prices

 

[Zrexxer]

Zrexxer , Thanks for the tool box prices

Funny thing is Scoot, I was actually wrenching for a living in 1988, and back then the thought of paying those kind of prices for a box would probably have given me a heart attack. Nowadays, those prices seem like a pretty good deal I wish I could go back in time and nab some.

 

[Adam.C]

I just get the sense our new member OP is a troll, snap on hater, with some axe to grind. This is just another "Snap On is too expensive" thread.

 

[BigT69]

Zrexxer can you find a 1988 tool box model #kra4059fpbo
Thanks

 

[Scooterfish]

Big T your kra4059 # was a KRA59 back in the 80s. I`m not sure about today but they were very heavy duty boxes back then. I have a KR59 from the late 50s.

 

[Zrexxer]

If we are indeed talking about a KRA59, then that was $580 in the 1988 list.