Why Hoverboard Prices Could Triple By Christmas

Why The Price Of A Hoverboard Could Triple By Christmas

For those of you out there who are last minute shoppers and planning on buying a Self Balancing Scooter as a gift for someone, you may want to act sooner rather than later.

There are going to be huge shortages on Hoverboards and that is sure to cause prices to soar, if you're even able to get your hands on one.

Why Hoverboard Prices Could Triple By Christmas!!!

It's no secret hoverboards have been in the news recently for catching fire. The Feds are actually opening a investigation into the issue. This has caused customs to clamp down on not only hoverboards but really anything with a lithium ion battery. Any hoverboard which does not have all the proper certifications is going to be refused entry.

After speaking to a few importers and wholesalers, many I spoke with have anywhere from 700 to as much as 100,000 units or pieces of merchandise held by customs. They said "if" they get through, and that's a big "if", there are sure to be fines. 

Both the shortage of available inventory, as well as the importers being fined and having to make up that money, are sure to drive hoverboard prices through the roof. 

This is an industry that moves quickly. We saw hoverboard prices a few months ago which were typically $700 to $2200 drop down to as low as $259 with Free shipping from New Egg and many other large online retailers so we saw pricse quickly slashed. That said there are now shortages and the cost to bring hoverboards over is increesing which means the price to the consumer is also going to increase.

Now saying they are going to triple in price is probably on the high end but I would not be at all surprised to see a standard original hoverboard with no bluetooth going for around $600 or more in the week leading up to Christmas.