#1
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Will guitar prices go down after the pandemic?
I understand prices are high right now due to high demand and low supply. So you think prices will come back down after we get back to "normal" whenever that is? It seems like average guitar prices for desirable models, like a J45 or D18 are up around $500 from where they were last year.
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Gear: PRS Hollowbody II Piezo, Martin HPL 000, PRS Angelus A60E, Martin 000-15M |
#2
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I guess no one knows for sure, but I would expect the answer to be yes. Currently dealers are not offering their usual discounts on new models, which they really can't afford to do if they can't get another one in quickly and make up for the low profit margin on volume, but I predict that about a year after things shift back to normal (whatever that may be) we'll start seeing a glut of used instruments from the folks who bought "pandemic guitars" only to discover they really didn't play them much or at all even when locked in their homes.
I recently read an article about "pandemic buyers remorse" where folks are regretting purchases they made to help them get through the pandemic. Fortunately I don't have any such regrets on any pandemic related purchases. I even burned through that 50 pound bag of flour in reasonable time, but I do think the glut of barely used instruments over the next few years will be a boon to players looking for good deals. For that matter the effects will probably be felt to a lesser extent for decades as some folks will not sell them right away. |
#3
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Did meat prices ever come back down after the Texas droughts and high fuel costs back in 2007-2013?
The skeptic in me says, highly unlikely.
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As my username suggests, huge fan of Yamaha products. Own many acoustic-electric models from 2009-present and a couple electric. Lots of PA too. |
#4
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I wouldn't expect new prices to drop to much. But after this pandemic is over I really expect to see a glut of used instruments.
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2007 Indiana Scout 2018 Indiana Madison Quilt Elite 2018 Takamine GJ72CE 12-String 2019 Takamine GD93 2022 Takamine GJ72CE 6-String 2022 Cort GA-QF CBB 1963 Gibson SG 2016 Kala uke Dean A style mandolin. (Year unknown) Lotus L80 (1984ish) Plus a few lower end I have had for years |
#5
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to answer, I don't know about new guitar prices.
But, used asking prices for nicer guitars (insert your favorite brand) appear to be high to me. When used prices are close to new prices, the incentive to buy used is not high. That's from my point of view since I am casually shopping for a used higher end guitar I hope the prices come back down...and my observation is good deals on high(er) end used guitars go quickly. I just look past the one's that are in my opinion not good values. Maybe a good time to sell? ---except I doubt I could replace my nice guitars for the price I'd get selling. |
#6
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When the supply/demand thing finally balances again MAP won’t go down but I expect the usual discounts will return. There also will likely be a glut of starter guitars that will hit the used market when lots of folks who decided to learn during the lockdowns give up...
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Walker Clark Fork (Adi/Honduran Rosewood) Edmonds OM-28RS - Sunburst (Adi/Old Growth Honduran) |
#7
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...and puppies, kitties and bicycles...
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Amateur musician, newish to guitars! Larrivee OM03...and representatives of other types! |
#8
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My view is that there are too many unknown variables in the economy to really predict future new guitar prices. I do believe that with the increased number of guitars purchased during the pandemic that there will be tons of great deals on used guitars at some point -- mostly beginner and intermediate-level guitars. Just my 2 cents.
Cheers! |
#9
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Don't know about what might happen in North America but European countries are borrowing record amounts unknown in peacetime, taxes will have to rise and I would guess a chunk of that will be through increased VAT on luxury items.
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#10
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Not to pre pandemic prices but enough that people will get excited and snatch up the "deals". I agree with those who think there will be lots of used guitars being sold, probably take a while though for people to start thinking it is time to unload them. I guess we will see.
I always wonder, people seldom wear out guitars. Some get broken, but it can't be that many. A lot of them don't even get played after the newness wears off. How is it that they can just keep building, selling, and adding more guitars to the pile of them already out there? I mean, there must be millions of them being built and sold every year, year after year. Where do they go? I wonder that about a lot of things.
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Please don't take me too seriously, I don't. Taylor GS Mini Mahogany. Guild D-20 Gretsch Streamliner Morgan Monroe MNB-1w https://www.minnesotabluegrass.org/ |
#11
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Amateur musician, newish to guitars! Larrivee OM03...and representatives of other types! |
#12
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#13
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And you're right, applies to lots of things, but feels particularly sad to think of millions of almost unplayed axes out there languishing. Taking mental inventory of my house, there's a telescope and a drone that are certainly underwhelmed with their schedules . . . |
#14
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I agree. Like most people here, I'm no economist or expert, but human nature tells me vendors will start to enjoy bigger profits, and guitarists will start to get used to higher prices. We saw this happen last year on Reverb--they hiked their fees and started charging sales tax. Business still seems booming over there. Many shops hiked consignment fees in the last year or two. Consumers absorbed all those costs. I'm no expert, but I can't help but see this as a sign of inflation (at least in the guitar world) rather than some temporary price bump. Time will tell.
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#15
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