Used Hi-Fi Market

Personally, I think the issue is the number of folks who prefer to sit down and listen to their setup, compared to folks who are mobile device listeners. If we can convert the mobile device listeners to sit down and listen it will increase buyers market. The other thing that I have noticed is that the price of the equipment has gone up, which has left a lot of folks who would like to get decent gear sitting on the side line.
 
I attended a Suncoast Audio Society meeting this past weekend. It was an hour drive and thought I'd check out some music on the radio. Unfortunately what they call music nowadays is really disturbing. A good share is in Spanish, a bunch of rap and some other stuff that I would not care to publicly categorize. It's no wonder that people are not seriously listening as much and therefore a reduction in equipment sales. My 2 Cents FWIW.
 
jadedavid said:
I attended a Suncoast Audio Society meeting this past weekend. It was an hour drive and thought I'd check out some music on the radio. Unfortunately what they call music nowadays is really disturbing. A good share is in Spanish, a bunch of rap and some other stuff that I would not care to publicly categorize. It's no wonder that people are not seriously listening as much and therefore a reduction in equipment sales. My 2 Cents FWIW.
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Was this the one at Allan's house? I wasn't able to attend, but I heard from others that his system was sounding terrific.
 
Yes, it was at Allan's. Very interesting demo of the XTZ analyzer program. He used it to demo the integration of the two subs with the main speakers. After the instrument tuning some additional changes were done by ear. System sounded very dynamic with great voicing and sounstage. You missed a good one.
 
stump said:
I have been called a Lowballer on occasion! Example ,when someone walks into a HIFI shop and walks out with a impulse buy of a RRP $25,000 Amp for a bargain price of $19,000 he has just paid for research ,parts, manufacturer cost and profit ,shipping ,import duties then dealers cost and markup profit.6 months later he wants $18 K for a near new Amp because it is $25,000 RRP. For the privilege and thrill of buying NEW the used price is for parts and manufacturer cost because the rest has been paid for already.
Given the Amp manufacturer cost would be around $5,000 that is the used price starting point.Add supply and demand you could double that!
My view is speculating but would like to know the actual figures for HI-END Amps? Am I on the right track?
:ninja:

Research - manufacturer cost %
Manufacturer profit margin %
Shipping- Custom duties %
Retailers profit margin %
Total %100
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I'm not following your logic, are you saying an amp with a $25,000 new retail list price should be worth $5,000 used?
 
puroagave said:
What you're saying can be construed as price fixing for which antitrust laws exist. With luxury goods some call it "minimum retail price restrictions" to skirt around FTC definitions. Rolex does this, they have carefully worded agreements which keep their dealers in check. bottom line its actually illegal for a manufacturer to tell a retailer what price they have to sell something at.
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Your last comment actually needs some clarification and is not absolute. Manufacturers can impose requirements on their dealers and they If a manufacturer, on its own, adopts a policy regarding a desired level of prices, the law allows the manufacturer to deal only with retailers who agree to that policy. A manufacturer also may stop dealing with a retailer that does not follow its resale price policy. That is, a manufacturer can implement a dealer policy on a "take it or leave it" basis.

Limitations on how or where a dealer may sell a product (that is, customer or territory restrictions) are generally legal — if they are imposed by a manufacturer acting on its own. These agreements may result in better sales efforts and service in the dealer's assigned area, and, as a result, more competition with other brands.

Q: One of my suppliers marks its products with a Manufacturer Suggested Retail Price (MSRP). Do I have to charge this price?

A: The key word is "suggested." A dealer is free to set the retail price of the products it sells. A dealer can set the price at the MSRP or at a different price, as long as the dealer comes to that decision on its own. However, the manufacturer can decide not to use distributors that do not adhere to its MSRP.
 
puroagave said:
I'm not following your logic, are you saying an amp with a $25,000 new retail list price should be worth $5,000 used?
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You pay for research ,parts, manufacturer profit ,shipping ,import duties then dealers cost and markup profit once when new.You are then left with $5000 worth of Amp.Are you still confused? Its then worth what you sell it for used.Look on Audiogon at the HI-END Amps USED they start at %50 of RRP.
Stump
 
still-one said:
Your last comment actually needs some clarification and is not absolute. Manufacturers can impose requirements on their dealers and they If a manufacturer, on its own, adopts a policy regarding a desired level of prices, the law allows the manufacturer to deal only with retailers who agree to that policy. A manufacturer also may stop dealing with a retailer that does not follow its resale price policy. That is, a manufacturer can implement a dealer policy on a "take it or leave it" basis.

Limitations on how or where a dealer may sell a product (that is, customer or territory restrictions) are generally legal — if they are imposed by a manufacturer acting on its own. These agreements may result in better sales efforts and service in the dealer's assigned area, and, as a result, more competition with other brands.

Q: One of my suppliers marks its products with a Manufacturer Suggested Retail Price (MSRP). Do I have to charge this price?

A: The key word is "suggested." A dealer is free to set the retail price of the products it sells. A dealer can set the price at the MSRP or at a different price, as long as the dealer comes to that decision on its own. However, the manufacturer can decide not to use distributors that do not adhere to its MSRP.
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i'm not an antitrust attorney I only play one on TV :P. Nothing I said was inaccurate you're looking for exceptions and there are many as long as they pass the sniff test, that's why agreements are contested all the time it keeps lawyers fat and happy. I gave you one: "Minimum Retail Price Restrictions" or "Minimum Retail Price Agreements" it falls within the realm of what you were referring to above.
 
stump said:
You pay for research ,parts, manufacturer profit ,shipping ,import duties then dealers cost and markup profit once when new.You are then left with $5000 worth of Amp.Are you still confused? Its then worth what you sell it for used.Look on Audiogon at the HI-END Amps USED they start at %50 of RRP.
Stump
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How many legit high-end amplifiers that list for $25,000 are bought used six months later for $5000? Normal depreciation on six month old gear that's desirable and well-reviewed is hardly ever less than 40% off retail. If you're buying something six months old at 50% or more off list, it doesn't have a following or its was considered poor value from he git-go. There are exceptions, I have sold used components that were 25 years old that sold this year for the same price they were new in 1990.
 
Sorry Rob your missing my point.Hopefully a manufacturer or retailer can accurately answer below .....

Research - manufacturer cost %
Manufacturer profit margin %
Shipping- Custom duties %
Retailers profit margin %
Total %100
 
Stump.... Try and work it backwards and you may get close to the manufacturers sell.

For international sales, a brand will maintain a landed MSRP inclusive of taxes that is equal to its own domestic foreign exchange value to avoid the proliferation of a grey market.

Given that, buying a well established brand originating from an overseas country with a nominally higher foreign currency value over time can preserve resale value in some circumstances. i.e. Importing when your own currency is strong, exporting when your currency is weaker.
 
Dizzie said:
Has anyone ever used a dealer to sell on consignment? How well did that work out?
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Not audio equipment, but I did for guitars and it worked really good. As in anything it depends on the success of the dealer, do they advertise with pictures and do they provide a clear description of the product and also have a acceptable consignment rate.
 
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