Since the beginning of the year I have been conducting cost reviews on all of the parts and services we offer. Over the last few years we have slowly evolved a number of our products without raising prices. Additionally, a number of our machine shops have slowly raised their prices to us. To address these issues, we are going to modestly change many, but not all the prices on our catalog page: http://www.flycorvair.com/products.html.
Keep in mind that being willing to do work yourself has a very large effect on the cost of your engine. If an engine importer raises his price, that’s it, pay it or don’t progress. With our program, the majority of the cost increases we are implementing address the fact I have severely underpriced our shop labor rate. Most aircraft maintenance shops bill at $80/hr., which is still less than most people pay to have their car worked on.
After building small batches of parts like starters and oil covers without interruption, I found out we were working on some parts for under $20/hr. Obviously we are not going to have a 400% price increase, but we do have to change some things.
Keep in mind you can’t actually complain about my shop rate if I am willing to come to your state, hold a college and train you for free to do the same work on your own engine, and then supervise you doing it and test run it for you. I have always trained guys to do as much as they like on their project, but if you would like to leave parts of it in our hands, it is going to be slightly more expensive after Monday night.