Leatherman kicked off “Wave Week,” with a close look at their “best-selling multi-tool ever.” After clicking through their newsletter, I realized that they had increased the price of the Wave+ multi-tool.
The Leatherman Wave+ is indeed a fantastic multi-tool, delivering high quality, useful functionality, and a very positive user experience.
It has been updated in recent years, such as with user-replaceable wire cutting blades, and as with other Leatherman tools it comes with a 25-year warranty.
The older-style Wave sold for around $60 for a long time. The updated Wave+ multi-tool launched at $99.95 back in 2018, and its price was bumped up to $109.95 around one year ago, at the start of 2022.
The Wave+ is now $119.95, reflecting an increase of $10.
It looks like many retailers have updated their pricing, although some are still offering it for $109.95. At the time of this posting, REI looks to have the best price at $109.95 with free shipping.
If the Wave+ multi-tool was on your 2023 shopping list, you might want to pick it up soon.
Leatherman has been steadily increasing their prices.
Certain models, such as the Micra keychain tool, are only available at Leatherman’s direct store now. I asked them whether this was due to cost considerations, as direct sales reduce the number of parties whose profits margins contribute towards end-user pricing, but they never followed up with an answer.
In 2021, Leatherman launched the Curl multi-tool, which looks a lot like their older Wave model. I consider it to be a “Wave+ Lite.” The Curl launched at $80 and is currently $90. Looking at online price trackers, the Curl increased in price close to the start of 2022.
Leatherman has released other lower-priced tools in recent years, such as the Bond multi-tool, which increased in price from $50 to $60 in mid-2022.
Nobody is happy about price increases. Personally, I’d rather see a price increase than drop in quality.