IQ Insider

It's Time to Seek Connector Price Concessions

Written by Supplyframe | Oct 5, 2023 7:28:34 PM

Automotive OEMs and tier-one automotive systems suppliers are requesting connector price-downs, but connector makers have been relatively resistant in Q4 despite soft book-to-bill ratios. Price concessions for the automotive sector are plausible in Q1 2024. According to the Commodity IQ Price Index, connector prices have fallen 15.5% year-on-year through August on average. If buyers have not already sought lower pricing, now is the time.