Some of you who pay attention to the markets may have noticed the dollar is at 81.4 this evening against the yen. This is not helping Japanese piano prices and digital pianos in the market. Most of our manufacturers (even those outside Japan) have either already raised their prices or have indicated they’re about to do so. Those increases most often do NOT affect in-store pianos or those that are already in the pipeline to us, so if you’re in the market for a piano, we would like to give you another valid reason to pull the trigger sooner than later. Additionally, you should know that historically, piano manufacturers do not LOWER prices when the markets level out. They see this as the opportunity to continue to get paid back for the months or years that they held off on the increases in the first place.
“Does this affect used piano prices too?” Absolutely. It doesn’t happen overnight like how manufacturer price increases go into effect, but the used market plays catch up pretty quickly. The price of a used piano usually starts with the owner (dealer or private individual) consulting new piano prices to help determine the value of the used one in question. For instance if a new 48″ Yamaha U1 professional upright goes up 5%, used ones pretty much go up accordingly because the value of used ones is related to the prices of new ones.
At this time we have a great selection of used Yamaha pianos and used Kawai pianos. Please click here to see our new Yamaha piano inventory and click here to view our used piano inventory. If you have any additional questions, please call us at 773.383.1734.