OnDemand WTP Pricing Research

This Week in Pricing > 10/13/18

pricingnews-WeeklyThis Week in Pricing is a collection of pricing focused news, thought leadership , events, jobs and professional education resources for pricers.

This Edition is brought to you by:

 

Vistaar

Vistaar is leading SaaS software provider that enables companies to optimize pricing, promotion, configuration, and rebate management.  Our solutions are powered by predictive models leveraged by machine learning that deliver profitable growth and maximize shareholder value.  Our world-class customer base spans a broad range of industries throughout the Global 2000 and includes: manufacturing, beverage alcohol, retailers, and many others.

 

Top Headlines

eBay Reverses Unpopular Markdown Pricing Policy for Now | eCommerce Bytes

eBay Reverses Unpopular Markdown Pricing Policy for Now | eCommerce Bytes

eBay reversed an unpopular pricing policy that limited sellers who use its Markdown Manager tool. Don’t look for an announcement on the seller board, however – it was posted by an eBay moderator when sellers discussed the issue on the company’s forums on Monday. The initial policy restricted sellers when creating a markdown sale event […]

 

Price transparency reforms: what it means for you | Legal Futures

Price transparency reforms: what it means for you | Legal Futures

FREE Legal Eye webinar – subscribe below for instant access Law firms regulated by the Solicitors Regulation Authority or the Council for Licensed Conveyancers will be required to make some changes to how they present information about their services to consumers. The aim of the new Price Transparency Rules is to make sure consumers have […]

 

The most expensive car to rent in America is $20,000 a day | CNBC

The most expensive car to rent in America is $20,000 a day | CNBC

A Bugatti – the French luxury car — isn’t cheap to own. There are only three models — Veyron, Chiron and Divo — and the prices range from $1.7 million to $3 million. In September, the new Divo hypercar sold out in one day, with the hefty price tag of $5.8 million. If you buy […]

 

Trump Signs Law To Lower Drug Prices, Ends Gag Orders Against Pharmacists | The Western Journal

Trump Signs Law To Lower Drug Prices, Ends Gag Orders Against Pharmacists | The Western Journal

President Donald Trump signed a law that ends insurance companies’ pharmacist gag clauses in an effort to lower drug prices Wednesday. “If there’s anything bipartisan it’s lowering drug prices,” Trump said while signing the Patients’ Right To Know Drug Prices Act according to CBS News. Currently, insurers and pharmacy benefit managers use the gag clauses to “forbid […]

 

MoviePass Is Trying to Reinstate Lapsed Subscribers—Whether They Like It Or Not | Mental Floss

MoviePass Is Trying to Reinstate Lapsed Subscribers—Whether They Like It Or Not | Mental Floss

Just because you opted to cancel your MoviePass account when the company raised its prices recently doesn’t mean the company is done with you. The beleaguered movie ticket subscription service seems to be restarting the memberships of customers who have already canceled or let their subscriptions lapse, according to Lifehacker and Business Insider. Some former […]

 

Disney’s New Pricing Strategy Meets Mixed Feelings | GET

Disney’s New Pricing Strategy Meets Mixed Feelings | GET

A new pricing system at Disney is being met with mixed reactions. Insiders were already on alert when Disney announced that it would be introducing seasonal pricing two years ago. That move used a demand-based system to set the cost for one-day tickets at Disney parks. Many believed that seasonal pricing was merely making way […]

 

Costco Wants to Sell You a Car This Holiday Season | The Motley Fool

Costco Wants to Sell You a Car This Holiday Season | The Motley Fool

How does it work? Costco’s Auto Program offers prearranged pricing on new and used vehicles through a network of participating dealers. To take part in the holiday sales, event shoppers have to meet a number of requirements. First, if you’re not already a Costco member, you’re not eligible. Current cardholders for the warehouse club must […]

 

Apple to face iPhone pricing issue during transition to 5G | DigiTimes

Apple to face iPhone pricing issue during transition to 5G | DigiTimes

With the global communications industry beginning to migrate from 4G to 5G from 2019 onwards, Apple may find it difficulty to determine its iPhone product mix and pricing strategy, according to sources from Taiwan’s handset supply chain. Although most telecom operators are unlikely to officially kick off 5G commercial operations until 2020, handset vendors including […]

 

Weekly Pricing Pulse: Iranian Crude Supply Drives Oil Prices To Multi-Year Highs | Seeking Alpha

Weekly Pricing Pulse: Iranian Crude Supply Drives Oil Prices To Multi-Year Highs | Seeking Alpha

Fear about too little supply has gripped oil markets recently and caused crude prices to surge 4.4% last week. Chemical prices moved in sympathy with oil and rose an even stronger 5.2%. Although more broadly commodity prices continue to be soft, the strength seen in the petro-chemical complex was enough to drive the IHS Markit […]

 

Uber plans to lobby for road tolling in Seattle as part of $10 million policy campaign | The Seattle Times

Uber plans to lobby for road tolling in Seattle as part of $10 million policy campaign | The Seattle Times

Uber says it plans to spend money lobbying for congestion pricing in Seattle as part of a $10 million push for “sustainable mobility” policies in various cities. The ride-hail app company and its rival, Lyft, have previously expressed support for the idea of tolling downtown streets in Seattle, where Mayor Jenny Durkan’s administration is working to develop a […]

 

Raising Prices While Retaining Customers | Business News Daily

Raising Prices While Retaining Customers | Business News Daily

Every company wants loyal customers, but it’s not always easy to retain them, especially when making necessary yet major changes to your brand. For instance, when you’ve decided that to make a profit you need to raise your prices, you probably know your buyers won’t be pleased. You might face backlash from consumers, but you […]

 

 

 

More Headlines

Changi Recommends unveils hotel booking site with ‘clear-cut’ pricing mechanism | Marketing Interactive

Changi Recommends unveils hotel booking site with ‘clear-cut’ pricing mechanism | Marketing Interactive

Changi Recommends, a travel concierge, has launched a hotel booking site called ChangiHotels. The new site looks to offer more than 170,000 accommodation options at over 5,000 destinations. In addition, the site aims to have a clear-cut pricing mechanism. Changi Recommends said in a press statement that it hopes to be the “one-stop” travel site for […]

 

Experts say Florence’s flooding will trigger used-car price hike, warn consumers to avoid buying waterlogged vehicles | AccuWeather

Experts say Florence’s flooding will trigger used-car price hike, warn consumers to avoid buying waterlogged vehicles | AccuWeather

During 2017’s Harvey, more than half a million cars were estimated to have been flooded. “Using Katrina as an example, 200,000 units were totaled, and used-vehicle prices increased by as much as 3 percent, or $309, over the four-month period following the storm’s landfall,” Paris said. “Prices initially rise but then fall to parity,” he […]

 

Can Uber’s Global Business Be Beaten One City At A Time? Here’s Daimler’s Bet | Forbes

Can Uber’s Global Business Be Beaten One City At A Time? Here’s Daimler’s Bet | Forbes

Athens-founded Beat wants to dominate the ride-hail market in every major Latin American city within three years. That might be doable if it maintains its current growth and so-far successful strategy of launching suddenly, without advanced fanfare, in one major foreign city at a time. It’s a kind of spasmodic hostile takeover before others can […]

 

Volkswagen plans modest EV price premium over internal-combustion cars | Autoblog

Volkswagen plans modest EV price premium over internal-combustion cars | Autoblog

Last month, Thomas Ulbrich, the Volkswagen brand’s board member for E-mobility, spoke to an audience in Dresden, Germany, about VW’s plans for pure electric vehicles. One of the nuggets we noted was Ulbrich saying that the first EV, the I.D. hatchback that could be called Neo, will undercut the Tesla Model 3 by roughly $8,000. […]

 

Bitcoin Price Predictions: From Zero to a Million – What do the Experts Think? | Blockonomi

Bitcoin Price Predictions: From Zero to a Million – What do the Experts Think? | Blockonomi

It’s been a wild year for cryptocurrency prices thus far, exemplified by the meteoric rise and subsequent crash of granddaddy Bitcoin. After cresting a high of more than $19,000 in December, Bitcoin’s price tumbled down to less than $6,300 in early February. Since then, it’s vibrated at a relatively low range while the market as […]

 

A Tough Negotiator Proves Employers Can Bargain Down Health Care Prices | WUTC

A Tough Negotiator Proves Employers Can Bargain Down Health Care Prices | WUTC

A showdown with Montana’s hospitals Bartlett arrived in Helena, the state capital, in fall 2014 as an outsider navigating a minefield of established relationships. From the start, she knew she would have to tackle the staggering bills from the state’s hospitals, which made up the largest chunk of the plan’s expenses. It wouldn’t be popular […]

 

Trading Bots Used To Manipulate Cryptocurrency Prices – Wall Street Journal | Smartereum

Trading Bots Used To Manipulate Cryptocurrency Prices – Wall Street Journal | Smartereum

Price manipulations have been a major concern in cryptocurrency markets and have adversely affected the growth of the sector as well as regulatory acceptance of cryptos. The Wall Street Journal in an article on Tuesday, October 2, echoed this concern claiming that specialized automated robots are responsible for bitcoin price manipulations. The media outlet sampled the opinions […]

 

Farmers and Minister cite need for increased beef price transparency 03 October 2018 Free | The Farmers Journal

Farmers and Minister cite need for increased beef price transparency 03 October 2018 Free | The Farmers Journal

Minister Michael Creed has asked Bord Bia to conduct a detailed examination of beef market dynamics as farmers called for increased price transparency. The Minister made the announcement as he chaired the 12th beef forum, which took place without farmer representation, with the IFA protesting outside. Speaking at the protest, Angus Wood chair of the […]

 

‘Factories have torn the hell out of prices’: Farmers march on Kildare St to protest beef prices | The Journal

‘Factories have torn the hell out of prices’: Farmers march on Kildare St to protest beef prices | The Journal

THE IRISH FARMERS Association have called on the Minister for Agriculture to provide additional support for the beef sector in next Tuesday’s budget. The IFA organised a protest today to highlight that factories have cut beef prices to “loss-making” levels while prices rise in the UK market. The protest brought livestock farmers from around the country to Kildare Street, […]

 

Intermountain’s Liljenquist on price transparency, insulin and having 3 brothers with diabetes | Healthcare Dive

Intermountain’s Liljenquist on price transparency, insulin and having 3 brothers with diabetes | Healthcare Dive

As Intermountain Healthcare looks to upend the status quo by launching its own generic drug manufacturing firm, the health system is hoping the deal forces more transparency in the industry. Healthcare Dive chatted with Dan Liljenquist, the man leading the charge behind Civica Rx, about the status of the nonprofit drug venture as it looks to […]

 

How Much Could You Actually Save by Not Owning a Car? | Yahoo! Finance

How Much Could You Actually Save by Not Owning a Car? | Yahoo! Finance

Is it Cheaper to Take Grab Rides Instead of Driving? Our research and calculations indicate that the average Singaporean would save about S$580 per year by taking Grab rides instead of driving their own car. We reached this conclusion by using Grab’s rates and our own estimates about average travelling behavior in Singapore. First, we […]

 

Full-size pickup prices soar, average buyers priced out | Detroit Free Press

Full-size pickup prices soar, average buyers priced out | Detroit Free Press

From 2008 to 2018, there was a 48-percent increase in price for full-size, light-duty pickups – the highest price increase for that time period out of all vehicle categories. Johnson paid nearly $60,000 for his 2019 Chevrolet Silverado Z71, he said. For that price, he will keep it a long time, saying, “I won’t have a choice.” […]

 

MII stands over current pricing ahead of Beef Forum | Agriland

MII stands over current pricing ahead of Beef Forum | Agriland

Meat Industry Ireland (MII) has stood over its current beef pricing and has confirmed that it will be in attendance at the Beef Forum taking place later today (Wednesday, October 3). MII senior director Cormac Healy commented ahead of the forum, defending current beef pricing in the current “challenging market environment”. He also reiterated his […]

 

October 4: Corn Prices Edge Higher With October WASDE in Focus | FarmLead

October 4: Corn Prices Edge Higher With October WASDE in Focus | FarmLead

Corn prices ticked higher Thursday as traders and analysts began to speculate on next week’s release of the October WASDE report. Informa has estimated that the U.S. corn yield will come in at 182.1 bushels per acre. That figure would peg U.S. corn production at 14.89 billion bushels. Soybean prices dipped due to concerns about […]

 

AI driven algorithms help ‘used car’ marketers customise vehicle orders | Times of India

AI driven algorithms help ‘used car’ marketers customise vehicle orders | Times of India

CHENNAI: The largely unorganized used car business is using AI-driven algorithms to make its pricing process standard and transparent. Used-car players like Mahindra First Choice Wheels, Quikr, Droom and Truebil are leveraging AI-driven algorithms to predict the price of a car based on parameters like its condition, make, colour, history as well as geographical and […]

 

Machine learning’s risk/reward challenge | Top1000Funds

Machine learning’s risk/reward challenge | Top1000Funds

AI will have a huge impact on financial services, particularly investment and risk management, in the next five years, a panel of experts said at the Fiduciary Investors Symposium at Stanford University. Machine learning systems that analyse data to mimic human cognitive behaviour around problem solving and thinking are growing as more data and cheap […]

 

TataSky Terminates Sony Channels over Pricing Row, Faces Backlash from Subscribers | News18

TataSky Terminates Sony Channels over Pricing Row, Faces Backlash from Subscribers | News18

New Delhi: The deadlock between Tata Sky and Sony Pictures Networks India (SPN) hit a crescendo on Monday evening when the direct-to-home (DTH) platform removed 32 channels of Sony Pictures Networks India (SPN) and three from the India Today Network because of differences over pricing. … Harit Nagpal, MD, Tata Sky said that commercial negotiations […]

 

Milwaukee city leaders vote to begin surge pricing for parking meters downtown | FOX6Now

Milwaukee city leaders vote to begin surge pricing for parking meters downtown | FOX6Now

MILWAUKEE — It will soon cost you a lot more to park your car in downtown Milwaukee. Parking meter surge pricing means you could pay upwards of $5 per hour and people seem worried. Many said they had no idea this proposal was being discussed, let alone being enacted and now that it’s in place — […]

 

Acura Slashes Starting Price of Newly Redesigned 2019 ILX by $2,200 | The Drive

Acura Slashes Starting Price of Newly Redesigned 2019 ILX by $2,200 | The Drive

In addition to a new look and more tech, Acura’s entry-level sedan will also be getting a significant price drop. Starting at $25,900 before a destination charge, the 2019 ILX will be $2,200 cheaper than last year’s model. The refreshed ILX will also get an A-Spec trim which adds darker chrome trim, LED fog lights, […]

 

Hoboken City Council still yet to vote on measures to increase parking rates | Hudson County View

Hoboken City Council still yet to vote on measures to increase parking rates | Hudson County View

For example, currently a fine for parking at a bus stop is $53, but would significantly increase to a fine of $98. Similarly, the fine for parking of commercial vehicles overnight would significantly increase from the current penalty of $75 to $105. Among some others, fines would increase also for “prohibited parking at all times,” […]

 

Travelling? Here is a big money setback for you; prices set to double | Zee Business

Travelling? Here is a big money setback for you; prices set to double | Zee Business

Hotel companies are set to increase room rates by up to 20% as the business season kicks in a few weeks from now. Certain key markets are expected to see a higher double-digit increase in room rate, with the national average being between a high single digit and a lower double digit number. Speaking with […]

 

Private airlines targeted over ‘exorbitant rise’ in excess luggage charge | Devdiscourse News

Private airlines targeted over ‘exorbitant rise’ in excess luggage charge | Devdiscourse News

A parliamentary panel has questioned the top management of all major privates airlines in the country over an “exorbitant rise” in the excess luggage charge and asked them to submit a report comparing their fees with those of their foreign counterparts. During a meeting recently, the members of the Parliamentary Standing Committee on Transport, Tourism […]

 

NFL is hurting itself with broadcasting rules cutting away from overtimes | Touchdown Wire

NFL is hurting itself with broadcasting rules cutting away from overtimes | Touchdown Wire

The real problem lies in the fact that viewers are starting to get a bit peeved. They aren’t going to invest their time in a game that doesn’t involve their hometown team if they know there’s a chance they won’t get to see the ending. That will drive viewers away from watching the game — […]

 

Microsoft’s Surface All Access plan lets you own a PC for $25 a month | The Next Web

Microsoft’s Surface All Access plan lets you own a PC for $25 a month | The Next Web

Microsoft announced at its Surface event this week that it’s allowing potential new Surface owners to get their products without having to plunk down a small fortune upfront. Namely, it’s offering a new payment plan, called “Surface All Access,” which packages Surface devices with Office 365 and lets users pay them both off over a […]

 

Event Pricing Strategy: The 2019 Guide | Event Manager Blog

Event Pricing Strategy: The 2019 Guide | Event Manager Blog

Event pricing strategy is a tricky business. Setting the right ticket price can ensure a sell out event. Conversely, if you price tickets too high or too low this can directly impact on final attendance numbers. Event pricing is a tricky balancing act that many event planners struggle with, whether it is finding the optimum […]

 

The exciting new idea hospitals have to bring down drug prices | Vox

The exciting new idea hospitals have to bring down drug prices | Vox

Let’s talk about an unambiguously interesting, promising, and maybe even downright good piece of health care news you might have missed: A group of hospitals is banding together to produce cheap generic drugs to fight off egregious price hikes and drug shortages. The not-for-profit venture is called Civica Rx, and the company announced itself last […]

 

Fare game: Is deregulating taxi fares fair? | The London Free Press

Fare game: Is deregulating taxi fares fair? | The London Free Press

Full council needs to sign off on the bylaw headed to the community and protective services committee today before it can take effect, but the move would effectively end city hall telling the industry how much it can charge for fares. Instead, as long as customers the rate up front, and city hall knows how […]

 

Ran NeuNer Suggests Bitcoin Price is Set to Explode with Upcoming ETF Approval | Bitcoin Exchange Guide

Ran NeuNer Suggests Bitcoin Price is Set to Explode with Upcoming ETF Approval | Bitcoin Exchange Guide

Neuner has always been very bullish and positive about Bitcoin’s future. A new rally in Bitcoin’s price could be related to an approval of a Bitcoin exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC). In the coming months, a positive decision could be taken by the US agency. At the end of […]

 

Five-year pricing strategy offers ‘stability’ – MU Chair [Podcast] | Manx Radio

Five-year pricing strategy offers ‘stability’ – MU Chair [Podcast] | Manx Radio

Proposals to link future price increases to Manx CPI Proposed changes to the charging structure for electricity, water and sewerage in the Island will offer consumers ‘stability’, according to the chair of Manx Utilities. Dr Alex Allinson will put forward a new five-year pricing strategy at the October sitting of Tynwald. If approved, it would see annual […]

Tags: 

 

 

Events and Resources

Fall Pricing Workshops & Conference | PPS

Date: October 23-26, 2018

Location: Renaissance Dallas Addison Hotel in Addison, TX

Please make plans to join us and well over 450 of your peers for the best event anywhere. We will be in Dallas, TX,October 23-26, 2018.

Don’t miss out on the Early Bird Discount (When 2 people from the same firm register at the same time (item of equal or lesser value), the 3rd registrant can attend FREE of charge). Offer expires September 14th!

 

14th Annual PPS European & Global Pricing Conference & Workshops | PPS

Date: November 28-30, 2018

Location: Mövenpick Hotel Amsterdam City Centre in Amsterdam, Netherlands

The Professional Pricing Society team and I are very proud to announce that we will be returning to Amsterdam for our next great event – The 14th Annual PPS European & Global Pricing Conference & Workshops held 28-30 November.

Conference keynotes, breakout sessions, and networking opportunities highlight the conference day on 30 November; While 28-29 November will be used for workshop days to help you enhance your pricing knowledge.

 

This blog series provides a forum for pricing professionals to share their insights and experience. Our guest bloggers share their knowledge about specific product or industry challenges, geographic complexities, strategies, tactics, and technologies.

 

Top Discussions

This blog category offers a collection of top pricing related conversations on LinkedIn or in the comments section of pricing related blogs and articles.

 

Pricing News LinkedIn Group

Join over 5,000 of your peers in the our LinkedIn discussion group. The group offers a place to share the latest pricing strategy and technology, news, events, resources, thought leadership, and discuss the latest pricing related successes and failures in the news.

 

Pricing Resources

Explore our collection of valuable pricing resources including:

 

The following is a daily-dose of pricing cartoons, quotes, and videos enjoy…

 

 

“Prices are ultimately set by value, not by the competition or supply/demand, but by value.”

– Ron Baker