Model railroad supplies are a luxury good.
The rule for pricing a luxury good is “all the traffic will bear.”
So no, prices aren’t going to go down.
I agree with Michael, that for model RR products, the price is what people are willing to pay unless there are multiple sources, such as all the manufacturers making Big Boys.
But while the value of China Yuan has gone down (4%), a CNN article claims the dollar has gone up in value by 7%. That’s a difference of 11% that we’re not likely to see reflected in prices.
I agree with the others. Devaluing the yuan won’t affect the price of exports shipped back to U.S. “manufacturers” for sale to domestic consumers. What devaluation of a national currency would normally do is to make it cheaper to own real estate in that country or to buy products developed and manufactured in that country. China is nothing more, macro economy wise, than an assembler and shipper of products developed and engineered elsewhere. Plus, China is a goverment controlled producer of goods, not really a player in a free economy. So, the normal economic rules don’t apply here.
Rich
I read a few days ago that the devaluation of Chinese currency may be the opening salvo in a global currency war. If that comes to pass, ain’t nobody getting toys (trains, Ferraris, etc.) at lower prices.