China A1 AUTO PARTS CONNECTION latest company news about Letter of increase in price of automotive parts:suspension shock absorber,power steering pump,brake system brake pads etc.

Contact Person : Leo Lee

Phone Number : +86 15975611535

WhatsApp : +8615975611535

Letter of increase in price of automotive parts:suspension shock absorber,power steering pump,brake system brake pads etc.

June 2, 2021

Dear customers

Beginning June 10, we will enact an across-the-board 10-15 percent price increase. We hope to continue our excellent relationship with our clients, and assure you our quality of products and service .The main reasons leading to price increases are as follows:
1. Due to the continuous impact of the Coronavirus (COVID-19) pandemic, the production and output of raw materials such as minerals will be greatly affected by the resource country. Insufficient or unstable output will cause the price of equipment and materials to rise;
2. The COVID-19 that has lasted for more than a year has a greater impact on international logistics. Logistics fees, especially ocean freight, are high, which has increased the efficiency and cost of international logistics, which will eventually be reflected in the prices of equipment and materials;
3. European and American countries, especially the United States, carry out large-scale currency releases. Since the U.S. dollar is the world's main reserve and settlement currency, the large-scale release of the U.S. dollar is likely to cause worldwide commodity price increases and even inflation;
4. In the field of new energy, the national environmental targets of “carbon peak” in 2030 and “carbon neutral” in 2060 will objectively encourage the new energy market, and the policy window period or closing period of new energy subsidies will give the new energy market (Especially the wind power market) caused huge pressure, formed a huge market demand in the short term, triggered a "rush to install tide", which further induced the skyrocketing price of new energy equipment materials;
5. Affected by the relationship between China and Australia, international iron ore prices have skyrocketed. By the beginning of May 2021, they had exceeded the US$200/ton mark, which was more than 1.5 times the price of the same period last year. The skyrocketing price of iron ore affected the entire The mineral raw material sector is transmitted to downstream industries, causing a sharp increase in the prices of downstream equipment and materials.

Two months ago, 95% of A1 auto parts’ suppliers, such as shock absorber, bearings, brake pads, power steering pump, etc., have notified us of the price increase.
Many overseas dealers of automotive suspension parts and steering parts have already been informed by their Chinese provider in March or April.The aim of A1 is to help and to benefit customers.In the case of sufficient inventory, we have persisted for two months, and the price has not changed.
Starting from the June,2021, all the quotations of our company will rise across the board.

Sincerely

Leo Lee

Promotion brake repair parts /drum brake self adjuster repair kits rear in June:

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Steering Rack Gearbox(30)

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Steering Rack Boot(33)

Power Steering Pump(21)

Disc Brake Pads(25)

Auto Engine Parts(38)

Letter of increase in price of automotive parts:suspension shock absorber,power steering pump,brake system brake pads etc.

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