It's time to review loco selling prices

in General Discussion

We report loco selling prices.

Based on 18 DTFS sales we report the lowest price for a used model as £395, the highest £1,512 and the average as £980.

We are offering a working guaranteed used DTFS for £595. It's an early certificate number too.

That's too cheap

We are selling a DwightD for £20 less than average and Seagull for £40 more than average.

How are we setting selling prices?

For a serviced and guaranteed product I think average price plus service repair cost (say £100) is fair.

8 comments

Comments (8)

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David & Val Price

Nov 21, 2023

We do need to take into consideration the advantages to the club of selling locos to club members at a reasonable price. The follow on shop sales can be very lucrative to the club so should not be ignored. Any income gained from loco sales can easily be doubled when shop sales are factored in. This also promotes the benefits of being a club member.

Val x

David & Val Price

Nov 25, 2023

Replying to

A normal commercial pricing model, one based on perceived value to the open market, doesn't seem right here. The club acts more like a co-operative, e.g. like The Wine Society or even CostCo or Makro. The club offers a service to its members by buying locos where it can, re-furbishing them and making them available to club members at a reasonable price. That price needs to be sufficiently high to allow the club to continue doing what it's doing, but no more, i.e. a cost-based pricing model.

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