As you are a valued client of our GT Spirit collection, we wish to inform you of numerous important pieces of information.
Next year we will have to update our tariffs according to the contextual changes related to our products and their place of production.
We have done everything we can to delay this moment for as long as possible, but today we have no other option.
Many factors are taken into account, but the main causes are:
** Increased cost of the license agreements (up to 19% on certain dual license models)
** A 30% increase in the price of raw materials (packaging, cardboard and plastic)
** Inflation at 5% per year in China
** Increases in the cost of transport following the bankruptcy of several shipping companies
We have tried to compensate for these rises by increasing our production volume, and also thanks to the rise of the Euro against the US Dollar, but this is not enough and we can no longer maintain our current sales prices for the 1/18th GT Spirit range. We will remain the cheapest on the market for this type of product but we now need to align more with the tariffs charged by our main competitors.
This is why we have worked on an alternative in order to return to more acceptable rates. From 2019, some GT Spirit models will be made in Diecast, all opening, and for a price of around 79.90 euro public price. In this way we will return to the basics of the range that we put in place 5 years ago now.
We will provide you with more information shortly.
In the meantime, all the GT Spirit team thank you for your loyalty and wish you a very good day.