graffix000
Well-known member
Todd is busy today. I received a candid response from him as well after I emailed them direct.
No worries guys. With the Euro falling in value there's better deals coming in the future.![]()
Steve
You presume that the manufacturer is going to lower the US$ price to the distributor? I don't think so.
You presume that the manufacturer is going to lower the US$ price to the distributor? I don't think so.
I think there is a disconnect between their actual website and stock levels and their Amazon merchant account.
Thanks anyway OP. You may still have faith in Drillspot, but this was my first time with them. Left a bad taste in my mouth!. My first post was going to be how glad I was to finally have a matching set of screwdrivers.
Can someone please post if you actually receive anything from this? So far, it looks like every order was cancelled.
That will tell us a little about the vendor. If 5 people get theirs, then then they ran out of stock. If nobody gets them, then it wasn't exactly an honest campaign.
Wouldn't the price be lowered automatically by the changing exchange rate?
The exchange rate doesn't normally change the distributor's buy price. The USA distributors have a US$ contract. The manufacturers keep the extra money when it swings in their favor, and usually **** it up when it swings back. If they didn't do this then pricing could change everyday.
http://uk.reuters.com/article/2013/04/23/markets-forex-idUKL2N0DA0S020130423
CORRECTED-FOREX-Euro slides to two-week low vs dollar on soft German data
Tue Apr 23, 2013 3:54pm BST
(Correcting fourth paragraph to "rate cut" instead of "rate
hike")
* Weak German PMI fans ECB rate cut speculation
* Slower Chinese manufacturing growth helps yen recover
* Aussie falls to 6-week low vs U.S. dollar
By Gertrude Chavez-Dreyfuss
NEW YORK, April 23 (Reuters) - The euro dropped to a
two-week low against the dollar on Tuesday after weak German
data raised concerns about the health of the euro zone economy,
reviving speculation that the European Central Bank could cut
interest rates.
A survey showed Germany's private sector shrank for the
first time in five months in April, overshadowing improvements
in French data. The soft German data added to worries about the
global economic outlook after earlier figures showed Chinese
manufacturing growth slowed in April.
These reports also helped the yen to move higher and drove
the commodity-linked Australian dollar to a six-week low against
the U.S. dollar.
"Given the deteriorating fundamentals in the euro zone, the
prospect of (an ECB rate cut) has certainly increased," said
Boris Schlossberg, managing director of FX strategy, at BK Asset
Management in New York. "A rate cut would be the quickest and
least expensive policy course."
The euro fell as low as $1.2971 and could break
decisively out of the $1.30 to $1.32 range that has held for the
past couple of weeks. It was last down 0.7 percent on the day at
$1.2978.
Comments on Monday from ECB policymakers about falling
inflation and poor growth prospects in the euro zone suggested
the central bank may be leaning toward a cut in its main
refinancing rate, which stands at a record low 0.75 percent.
More losses could push the euro towards chart support at its
200-day moving average around $1.2936 and the early April low of
$1.2740.
Ken Dickson, investment director at Standard Life
Investments, in Edinburgh, Scotland, said the single currency
should be significantly lower. Standard has had a short euro
position for some time.
"A rate between $1.10 and $1.20 is reasonable over the next
three or four quarters."
YEN RECOVERS
The euro fell 1 percent to 128.36 yen, moving
further away from its April 11 three-year peak around 131.10
yen.
The yen, which typically rises as investors seek safety
during times of heightened concern about the global economy,
recovered broadly, with the dollar last down 0.3 percent
at 98.88 yen.
The dollar has faced stiff resistance at the 100 yen level,
having stalled at a four-year high of 99.95 yen earlier this
month, but most analysts and traders still believe it is on
track to scale this peak.
Strategists said the yen could take its cue from the next
batch of Japanese capital flows data due on Thursday. A focal
point for the yen is whether the BoJ's aggressive monetary
easing will prompt Japanese investors to increase their
purchases of higher-yielding overseas assets.
The following day, investors will look to the BOJ's policy
meeting for clarity on how policymakers intend to implement the
easing measures.
"It's probably just a matter of time, but there's no big
catalyst until Thursday's data and BOJ meeting on Friday. We
will go through 100 yen; it's just a question of when," said
Geoff Kendrick, FX strategist at Nomura.
The dip in the Chinese manufacturing data and falls in
commodity prices pushed the Australian dollar down 0.4
percent to a 6-week low of $1.0221. It also lost around 1
percent against the yen
price on them is back up to $74.78, and it says there are 4 sets in stock. so why the f did they cancel our orders? just bc we purchased them at 29$ ???
price on them is back up to $74.78, and it says there are 4 sets in stock. so why the f did they cancel our orders? just bc we purchased them at 29$ ???
price on them is back up to $74.78, and it says there are 4 sets in stock. so why the f did they cancel our orders? just bc we purchased them at 29$ ???
Dear GarageJournal Members,
We are sorry that many of you received cancellation notices for the Wiha screwdriver set. As many of you note, this was simply a stockout caused by a delay between our systems and Amazon's. We did sell and fulfill this product at the stated price prior to running out of inventory. The great price was because our supplier had it on clearance (so we passed the savings on to our customers), but now that the inventory is gone, they are not restocking the item for the foreseeable future.
We wish we could get more stock for you, especially at this price! If it becomes available again, we will relist it on our site as well as Amazon's. Please feel free to contact [email protected] if you have any additional questions.

Alright...did anyone's order go through or did we all just get scammed?
You did not get "scammed" since no money was taken and not given back. You were "inconvenienced" and there is a difference.
Drill Spot, I could say quite a bit but overall your response was not acceptable enough from a business perspective to make me want to use your site in the future. Shoe on the other foot, if you owned a pizza shop how would you feel if a consumer ordered 10 pies and never came to pick them up? response: "that is different because in this case we didn't debit you.". No, you wasted my time and time is money... i could care less if my account was debited or not, I agreed to purchase an item for a cost, you should sell what you have available or not sell anything. This is a bad practice along with no counter to make it right, sh!t like this makes my blood boil...
They sold what they had and ran out. Whatever is being sold now is through Amazon, a different distributor who is charging a different price. If missing out on a sale makes your blood boil you have issues
I just checked my credit card, they are holding my money for ransom.
Why is Drillspot not letting go of the hold on my credit card? Why do I have to cancel the transaction?
I'm done with Drillspot.