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....
128x128daveyf
Another consideration is this: ever notice how stock in dollar store goes up in a recession when all the other retailers go down? It’s about affordability and penny pinching in troubled times, amd comfort in spending in good times. Better example might be the used car market. In the last recession auto manufacturers couldn’t sell new cars to save their lives and put in huge rebates to try and get it moving....didn’t help...so they cut back massively on units built tI’ll things recovered. During that time auto zone and other parts stores were busy as could be, amd used car values were going UP. My point is, in good times people will buy new audio gear if they need it, amd if they have real money, they will buy new if they want it.  But in troubled economic times, the market will move somewhat to used audio.  Not to the extent of cars, as that is a necessity, but to a notable extent in its own right.  
All of our responses here have merrit, and no 1 thing is responsible for what is happening....it is all of these things over the past 5 years building into 1 perfect storm we are now seeing.
I have a small retail business for past 2 years - I am still not sure if the economy all that good despite the stock market - lol.  There are at least 2 types of high end audio equipment buyers (and this mimics our society) - those that have enough money that it does not matter what the cost of the equipment is and those (such as myself) that enjoys the hobby but cannot afford most new equipment or even most of the used equipment.  So for me the status of the economy is irrelevant.  As an example - I may have $8K (which is a lot of money to most of us) to spend on my entire system.  In my instance I Iook for highly regarded used equipment that is 3-5 years old - maybe 90% of current technology but at 30-40% of current price.  You can build a nice system that way (you can end up with $20-25K equipment for that budget) - but always be a few years behind current, and that is very important to many.   If I had $15K to spend I might buy used equipment 1-2 years old, or using the same thoughts end up with used equipment that had original prices of $40K.  
I'm definitely there with you on that jimman.  With the exception of the about to happen electrical feed upgrades I'm working on, and my disc spinner, everything in my system is preowned, bank auctioned or maufacturers close out.  Now if only we could turn a new generation on to the same, we'd effectively abolish the topic of this thread
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As a seller it is sad, as a buyer I have gotten some good deals!
So...anybody have a cheap Esoteric N-05 they want to sell?