Reading: Battery Prices to Increase

The cost of motoring looks set to increase still further. The Independent Battery Distributors Association has warned that battery prices are set to rise. This is largely due to increases in the cost of raw materials. Due to world-wide demand, the price of lead is increasing dramatically. Lead accounts for 70 percent of battery costs, and any price increases their will significantly affect battery prices.

Increases in the price of battery acid and oil will also impact on the future price of batteries. The problem is compounded by the weakness of sterling, and increasing transport costs. It is hard to see any of these pressures easing in the coming months, so the IBDA predicts that prices must rise over the coming months.

This entry was posted on Friday, August 29th, 2008 at 3:16 pm and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed.