Blaming rising commodity prices, Navistar’s IC Bus has implemented a commodity surcharge on all its buses, beginning Sept. 15. Market prices, combined with global expansion and speculation have driven prices higher. With the increase in the price of metals, essential in bus production, IC Bus increased their price by nearly $1,500.
“Our efforts to mitigate price increases through manufacturing efficiencies have allowed for us to absorb some of the increases, but we could not absorb them all,” said John McKinney, president, IC Bus. “Global commodity increases are affecting all manufacturing, and unfortunately, they are beyond our control, leaving us no choice but to share those additional costs with the customer.”
For more, www.icbus.com.