The hobby will do fine, we may just have to do more modeling to keep the cost down. Mike Wolf to Retire and Close Down MTH Electric Trains. Mike Wolf, PresidentM.T.H. Upon our closing in May 2021, our ASC network will provide warranty coverage through April 2022. The variety, quality, and infusion of technology throughout our offerings allowed M.T.H. I spoke with their train show guy at the WGH show earlier this year about a run of the 2-8-0. So a business that I start and keep running for 20 years could very well go under because it does not make enough to pay to buy it. $1.19 $1.80. ‹ 1st Monster Weathering Contest voting results! One scenario is a new company organized and owned by members of my current staff. I believe MTH closing is just the beginning of many closings we will see in the next few years. has released more models than any train manufacturer in the history of our hobby. As noted, even before COVID, we have seen quite a number of closings over the past several years - but sure, there may be some the COVID will push over the edge. I think we will see more of the models were we have to install our own grab irons and other parts like on the new Walthers GP9’s and other manufacturers offerings. Lionel's market is Hi-rail and traditional S. They are also very aware of the demographics in motion within the very small niche of S, which is similar to what is happening in the O 3-rail world, but the numbers are smaller in S. To wit: Boomers are aging out and passing. Electric Trains. The new items featured in all these catalogs will be available beginning Summer 2020 through April 2021 and will carry our limited one-year warranty supported by our Authorized Service Center network and the M.T.H. As for the Chinese, things are going to change in the near future. Customers, June 8, 2020 - First, on behalf of M.T.H. M.T.H. Just time to retire and get out of the business. Shipping is also going to increase. Heck, it's been standard to have to install grab irons on Walthers models for a long time. Modus operandi basically. mth online store Which Size Is Right For Me? has released more models than any train manufacturer in the history of our hobby. In the last couple of years we have seen Northwest Shortline, Chooch and several other model railroading manufacturers close shop. Electric Trains, I want to thank you for the support and encouragement you have shown my company over our 40-year journey. Service Department. Covid-19 has put many people out of work and some of those jobs will never come back or they will be forever changed that disposable incomes will just not be there. It is, therefore, with mixed emotions that I tell you I have decided to retire in 2021 and close the business. I know I wouldn't want to do it 8 hours a day! I wish all of them good luck and prosperity in the years to come. While traditional retail has changed significantly over the past decade, the independent hobby shop has been and continues to be the most important cog in our distribution chain. Locomotives will be over $400 (with DCC and Sound) in the very near future, with some steam over $600 already. catalogs, our 2020 Volume 2 O Gauge catalog, and our 2020 HO catalog and all non-delivered items from our 2020 Volume 1 O Gauge catalog, 2020 Ready-to-Run Train Set catalog, 2019-2020 S Gauge catalog, and 2019-2020 G Gauge catalog will feature the last products produced by M.T.H. In their early years, dressed in two-tone grey, they pulled the Overland Limited, Portland Rose, Challenger and other crack UP passenger trains. Since it is well known that none of model railroad manufacturers feel they can bring that part of the business to North America due to the costs of doing so, I give the Chinese assembly business about 5 more years before they are too expensive to compete. Nicholas Smith Trains offers a wide variety of Mikes Train House scale model & toy trains for sale, including a large selection from MTH Trains and accessories. Grzyboski's Train Store is Pennsylvania's largest Lionel dealer and specializes in Lionel train sets and accessories and other fine manufacturers like American Flyer and K-Line. Honesty and Integrity backed by Quality Service. Model railroading will survive. Mike Wolf, President Source. Shipping is also going to increase. Electric Trains to help bring enjoyment to all who share our wonderful hobby. Electric Trains Mike Wolf Retiring, Closing Company: 2020 Volume 2 Catalog Now Online: Premier O Scale GP38-2 Diesel Locomotives Now In Stock: ... MTH 2018 HO R-17/R-21/R-22 Subway Sets Now In Stock: 2018 O Gauge Holiday Announcements: Authorized Service Centers is available on the M.T.H. MTH TP-MS00039 Handrail Stanchion Nickel (4) from $1.96. If you think about it the business may earn.enough to keep Tthe founder alive with a reasonable income. This is already putting a lot of product on the secondary market (with much more to come), but NOT new customers with money burning a hole in their pocket for S scale products. Electric Trains. A list of M.T.H. As that process evolves, we’ll be offering consumer and retailer purchase opportunities. Great job & congrats to the winners! I believe MTH closing is just the beginning of many closings we will see in the next few years. Lionel had proffered a new agreement but the amount of money via royalties or other issues couldn't be resolved in the way that MTH felt they could continue in business. From what I am reading on the web, the Chinese economy is still growing and the price of goods manufactured in China is going up to compensate. I truly appreciate the support and friendship these shops have shown M.T.H. There is some nice S stuff in their collection so it would be a loss to the hobby if they can't get someone to continue the line.....DaveB. Electric Trains, I want to thank you for the support and encouragement you have shown my company over our 40-year journey. This can be part of a roadname, a word or phrase in the description, or an item number. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. Compare pay for popular roles and read about the team’s work-life balance. Their decades of experience, work ethic, and creative talent will ensure success regardless of who owns the assets while providing a welcome bridge between the past 40 years and the future. We will build smaller layouts with less equipment. So this came to me tonight 6/8/2020 and i don't know how long this has been known but, MTH is going to close their doors in 2020 unless another buyer continues the business. We may even get back to painting and detailing (modeling) our own equipment. M.T.H. I work full time at it and I earn a good living at it say 75k a year. Features Solid, Rust-Proof Nickel Silver Track Rails. The cost of doing business in China is going to get a lot more expensive in the very near future. The truth is that most small buisnesses  in the US probably fall into that problem they do well enough to pay the owner/operator but not enough to Pay off the original owner. Below is the text of his announcement sent to the M.T.H. So before you can sell a.business it has to be making a decent profit over and above the cost to run it. Click … MTH made some 3 rail stuff that, after swapping trucks and couplers, could do reasonable duty on a 2 rail layout. From humble beginnings and a lot of hard work, we were able to build one of the world's largest model train manufacturers - one unquestionably buoyed by your unwavering support. Authorized Retailer network. Electric Trains Authorized Retailer network on the evening of June 8, 2020. Trains President Mike Wolf has announced his May 2021 retirement and the subsequent closure of the company after 40 years in business. Rio Grande - The Action Road June 9, 2020 - With the scheduled closing of M.T.H. Authorized Retailers join the program over the coming months. Much of the other work can be somewhat automated but adding all the grab irons, ladders, cab interiors etc, are labor intensive. We've been in the golden age of the hobby for the past 10 years and up to the present. Authorized Retailer network. June 8, 2020 - First, on behalf of M.T.H. Some of these have been purchased and continue to operate with new ownership. I didn't see any indication in the formal announcement. By 1980, Wolf was operating a mail order business selling Williams trains and parts out of his bedroom in his parents' home. Again, from the bottom of my heart, thank you for your loyal support for all these years. Now in order to sell this to someone else I also need to earn enough to pay the asking price. Locomotives will be over $400 (with DCC and Sound) in the very near future, with some steam over $600 already. In particular, I am proud that M.T.H. Modeling Focus: 1970's thru end of caboose era. MTH 418-30 Nickel Air Tank End . O Scale Premier ES44AC Diesel Engine w/Proto-Sound 3.0 (Scale Wheels) BNSF; 20-21506-1 Very Sad. We are already seeing the cost of some new freight cars in the $60 range and I don’t see that going anywhere but up. The hobby will do fine, we may just have to do more modeling to keep the cost down. Finally, I want to thank all of my employees for their hard work over the years. staff once direct M.T.H. The Town of Highland Boy gone now but not forgotten. Electric Trains. My stepfather was just starting to sell and update his collection of 3-rail, almost exclusively MTH products. Electric Trains Tl;dr: MTH is closing down. Electric Trains president Mike Wolf has announced his retirement and the closure of his business effective June 1, 2021. If a buyer can be found relatively quickly they will stay in business. MTH Trains 20-21156-1 Premier SD70ACE Union Pacific Diesel Engine with Proto-Sound 3.0 (Hi-Rail) Mikes Train House. It is, therefore, with mixed emotions that I tell you I have decided to retire in 2021 and close the business. Organizing, storing, and keeping track of stuff for the layout ›, How to Athearn Genesis Tune Up and Decoder Buddy install, How to configure servo turnouts with DCC++, The Fidalgo Island RR #12 – Benchwork and Room Prep Final Steps, They can't all be Super Models... Sals Tacos Final, The Fidalgo Island RR #11 – Installing the Lights – The Final Solution, Saturday Solo Ops Session - The Haddam Local. MTH's founder, Mike Wolf, started assembling and selling trains at the age of 12 in 1973 for Williams Electric Trains, which had begun producing reproductions of vintage trains manufactured by Lionel Corporation, in the early 1970s. It is simple math. website and will be updated as M.T.H. But anything is possible. Think about it how many small business do you know that have survived past the lifetime of the founder unless they “sold”  (usually means gave) the business  to their kids. I find it odd that there is hardly any concrete exit strategy for such a large model railroad company. We will build smaller layouts with less equipment. In view of the S side of MTH, you might want to brace yourself for what may happen: Nothing. Just like in the past when the Japanese priced themselves out of the model railroad manufacturing business, things moved to Korea, I know at one point Overland Models started to build some of their items in China but that didn't last. Lionel will be fine and dandy with the former SHS line fading away. The variety, quality, and infusion of technology throughout our offerings allowed M.T.H. He said they ere considering it, but of course now that's over. M.T.H. I've voiced my viewpoint here a couple times that the O scale segment is rapidly aging and possibly heading downhill. Mike Wolf, President Phone: 718-436-7072. Uncover why MTH Electric Trains is the best company for you. 4.7 out of 5 stars (11) Total Ratings 11, 100% agree - Durable. There are also many new companies that have begun operating in the last few years, good luck in this new world. Some of these have been purchased and continue to operate with new ownership. My blog: http://rices-rails.blogspot.com/. So you believe MTH closing is related to the economic impacts of COVID19? Model railroading will survive. support for the systems concludes on June 1, 2021. With thousands of tools and molds and a wealth of intellectual property, a new model railroading company may arise from my former company as I entertain various options and buyers. The last two M.T.H. The remainder of my time will be busy as we clear out inventory and other miscellaneous items accumulated over the past 40 years. I too hope they can find someone for their S scale line. We may even get back to painting and detailing (modeling) our own equipment. The only other option, American Models, will not have the deep pockets required to purchase the SHS line. So say I open a model railroad business selling C&O related models. It does seem like a good example of why buying into a proprietary control system may not be a good idea though - unless someone buys MTH’s DCS system and keeps it going the folks who built their 3 rail empires on it may run into difficulty if they need more stuff. Electric Trains president Mike Wolf has announced his retirement and the closure of his business effective June 1, 2021. Columbia, Maryland, June 9, 2020 --- M.T.H. Customers, I wish Mike Wolf a grand retirement. Subtle touches, like LED lighting and hand-applied piping, make the trains stand out. catalogs, our 2020 Volume 2 O Gauge catalog, and our 2020 HO catalog and all non-delivered items from our 2020 Volume 1 O Gauge catalog, 2020 Ready-to-Run Train Set catalog, 2019-2020 S Gauge catalog, and 2019-2020 G Gauge catalog will feature the last products produced by M.T.H. From humble beginnings and a lot of hard work, we were able to build one of the world's largest model train manufacturers - one unquestionably buoyed by your unwavering support. See Archives. Well, it is sad to see them go, I don't think they will be the last to give up. M.T.H. M.T.H. For some reason the 3-rail market seems to be very brand loyal, whereas pretty much everything else is more mix and match. Electric Trains would not have enjoyed success without the support of the M.T.H. But in order for it to be sold to someone else it needs to earn enough to pay for the cost of business (tools meterials, taxes, rent, utilities employees and what have you) as well as pay the new owner a living wage AND still have enough left over to pay the original owner off (or to pay the bank if the new owner took out a lone). I've always been a vocal critic of the proprietary DCC systems in 3-rail and the departure of one of the two major players in that realm shows the blessing of having a industry-wide standard. The 2020 Volume 2 catalog will be the last catalog which they will make. Electric Trains, I want to thank you for the support and encouragement you have shown my company over our 40-year journey. Electric Trains. Columbia, Maryland, June 9, 2020 --- M.T.H. The last two M.T.H. Email: Orders@Trainworld.com This video is about the sad news that was announced just last night. Authorized Retailers join the program over the coming months. It will be a HUGE job to rebuild this Nation after the panic-induced economic damage, along with the property damage (once the violent tantrums are over). Authorized Service Centers is available on the M.T.H. Find out what works well at MTH Electric Trains from the people who know best. I feel he's going to have a tough time getting rid of stuff and may not ever purchase any new 3-rail O products. One scenario is a new company organized and owned by members of my current staff. And has nothing much to do with the economy or the world or China or model railroads. Delivered in 1944, the Union Pacific's ten FEF-3 ("FEF" for "Four Eight Four") Northerns were the apex of super-power steam: modern, handsome, and designed to cruise at over 100 mph. The SHS line was a very expensive experiment for MTH, and now its a liability. MTH Train Parts We have hundreds of parts for MTH trains. Most of them have been with me for decades and their loyalty and talents were paramount to our success. Electric Trains next year, support for the DCS Digital Command System and the Proto-Sound 3.0 onboard locomotive systems will continue through a new independent company headed up by current M.T.H. This may both affirm that opinion and move things one step closer to a much less prevalent position for the scale. I believe MTH closing is just the beginning of many closings we will see in the next few years. We also have to look at our own economy. Most of them have been with me for decades and their loyalty and talents were paramount to our success. Electric Trains would not have enjoyed success without the support of the M.T.H. The last two M.T.H. They have a plan in place to maintain warranty service and parts support uas they wind down. 4.3 out of 5 stars (7) Total Ratings 7, 87% agree - … First, on behalf of M.T.H. Weekly newsletters feature new products, videos and news plus peaks at upcoming specials! Service Department. Upon our closing in May 2021, our ASC network will provide warranty coverage through April 2022. As for the Chinese, things are going to change in the near future. M.T.H. One of the most costly and time consuming part of making the models is adding all the road specific details. Honesty and Integrity backed by Quality Service. TrainWorld® 751 McDonald Ave, Brooklyn, NY 11218. We stock traction tires, Trucks, Couplers, Controllers, Boards, Bulbs, Collector Rollers, Speakers, and more. In the last couple of years we have seen Northwest Shortline, Chooch and several other model railroading manufacturers close shop. Their decades of experience, work ethic, and creative talent will ensure success regardless of who owns the assets while providing a welcome bridge between the past 40 years and the future. MTH's founder, Mike Wolf, started assembling and selling trains at the age of 12 in 1973 for Williams Electric Trains, which had begun producing reproductions of vintage trains manufactured by Lionel Corporation, in the early 1970s.By 1980, Wolf was operating a mail order business selling Williams trains and parts out of his bedroom in his parents' home. Adios SHS line. catalogs, our 2020 Volume 2 O Gauge catalog, and our 2020 HO catalog and all non-delivered items from our 2020 Volume 1 O Gauge catalog, 2020 Ready-to-Run Train Set catalog, 2019-2020 S Gauge catalog, and 2019-2020 G Gauge catalog will feature the last products produced by M.T.H. $29.99 New. MTH DCS Explorer WiFi Track Interface Unit and The 54 Watt Power Module. Above said 75k a year. We are already seeing the cost of some new freight cars in the $60 range and I don’t see that going anywhere but up. The new items featured in all these catalogs will be available beginning Summer 2020 through April 2021 and will carry our limited one-year warranty supported by our Authorized Service Center network and the M.T.H. Electric Trains to help bring enjoyment to all who share our wonderful hobby. On November 30th 2018, the 41st president of … MTH Electric Trains ScaleTrax 45-1004 0-31 Right Hand Track Switch. It gives me much displeasure to announce that yesterday, the CEO of Mike's Train House (MTH), Mike Wolf, has announced his retirement and will be closing the company. can find someone willing to continue with the S scale products. Electric Trains. As that process evolves, we’ll be offering consumer and retailer purchase opportunities. MTH Trains O RealTrax Infrared Track Activation Device Mth401028. Search for a Product by Keyword If you know any information about the product you are searching for, enter it here. 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