What's happened to the used high end market recently?? Sales are tough....:0(


The heading says it all!! What do you guys think is the reason that the sales in the used high end market have gone soft??
Prices too high? Economy too slow?? Stock market too volatile?? Something else??

Thoughts....
daveyf

Showing 3 responses by basement

The other thing, maybe a different subject, is mainstream music seems to be streamed. The general public is FAST moving in this direction, and so, to a point, stereo systems are becoming out of date to most homes. 

This reminds me a LOT of the CD revolution, which was a real boost to HEA, really saved it in a way. Folks traded in their record players for CD's, HEA companies put lots of effort into making better CD players, even to compete with the quality of record players. Many while "upgrading" rediscovered record players...the whole thing got a boost, and EVERYTHING got better. 

Now I see products making efforts to compete streaming "up to" the quality of the lowly CD. Who all here has streaming that sounds as good as your CD player? Better? How much did it cost? 

My visits "back" to the stereo shops, systems are for more expensive, lots of streaming components for sale, some very expensive, and the sound coming from the streamers at a lower level of quality. 

Deja Vu! last time it was like this, the HEA revolution was just about to start up (again).
I don't know. I lost my system in storage about 2009, or maybe 2010, and just recently got back into it. 

FIRST thing I noticed is that the used stuff I was used to back then was selling for either the same prices or more, sometimes MUCH more than they were. 

Other thing I noticed, was prices for "state of the art" were much, MUCH higher. 

Some of this I think is inflation...obviously, 4k in the 90's would be maybe 8k today. And the cost to build, say, a Mac MR78 tuner would be more than it was, so one would expect used prices to go up along with new prices. 

I don't consider 1/2 of retail or new "giving away"...1/2 of retail is normal for just about anything used (dealers and suppliers have to have profit, that's just how the world works). 

From what I see, HEA is as healthy as I've ever seen it.
Good point about the "5%'s". 

Sorta related, I remember last time the economy was good like this, "vintage guitars" were a thing, going up in price, and many buying driving up the price, even thinking of them as commodities, and paying money as though the price would always increase. 

Then, the housing crisis, and it was a wake up call as to what are actually commodities. Turns out, no one really NEEDS guitars. The market for guitars tanked back to where it was. 

The point: what someone pays is definitely not an indication of what something could be worth.