Used market is very slow right now. I am seeing some very attractive prices also. Don’t sense it is skewed on the high side.
What's going on with the used audio gear market?
OK, maybe I am unrealistic but I've bought and sold audio gear for the past 25 years off and on for my personal use as I change out or upgrade. It seems that a reasonable expectation is around 50% of MSRP or somewhere close. That has been what I've always sold for and bought for. Now I see stuff priced at 80-90% of MSRP. I am talking about things that are not really statement products and can be a few years old and they want 80%. I just don't get it, this stuff for the most part depreciates rather quickly due to the advancement of technology. Is this a hold over from the Covid Inflation effect on supply and demand? I guess that supply and demand will eventually sort it out.
Showing 3 responses by grannyring
Well said @ghasley . |
@ghasley Good post and it also made me laugh! This summer is also slower than past summers based on my selling experience which is vast 🤓. Confidence level in the economy, stock market losses and slowing housing market all impacting buyer behavior. |