Quoted from vireland:
Meh, just another lull, probably due to too many desirable new releases in a short time. There have been some smoking deals on newer Premium and LE's as a result, though.
That is not what is happening right now.
It is not market saturation either, things had remained steady with availability.
Stern is beginning to compete against themselves again, just like BLY/WMS did in the mid 1990s.
You have HUO machines with less than 1000 plays being offered for sale for a host of reasons.
This is not the first, or even second time this has occurred it goes in cycles.
People that have not seen one of these periods, really don't know what it looks like, but it has the potential to be unhealthy for the market, and can last anywhere from 2-5 years.
Stern kept price testing the market, and now buyers and operators are starting to back off on the NIB, and go a different direction.
In some ways, they did it to themselves, the "center cannot hold".
The severity of the price stall will be dependent on the economy, and if Stern raises the cost of the next title too much with the LCD.
The other factor is MODDED machines.
Owners are trying to sell their older machines for an average of $1-3K more than they bought them in some cases less than a year later PURELY based on "I installed all these mods in my game, so it clearly is worth more than I bought it."
Collectors are not biting, and don't want pink powder coating CVs or "Iceberg" WH20s with abominable snowmen in their homes, especially for $8-10K.
Dealers don't have any interest in buying these types of machines and laugh at the owners when they tout their installed mirror blades saying they cost $500 with "hours of work involved in installation" which even further reduces sales.
They cannot resell the machines without stripping them of all the crap, that collectors do not want.
Unfortunately, that is even more time wasted...at cost.
Good dealers are willing to negotiate, owners are not, believing their machines are made of gold based on reviewing details on Ebay.
We just had a BTTF on Portland CL that was being offered at $8K, and the owner thought it was a "steal" because he believed it was worth $12K. I have no idea where he came up with these numbers, but this is actually more prevalent than people realize.