What's going on with the audio market?


Recent retail sales reports are very bad and I am hearing that sales for audio equipment have been nonexistent over the past few months.  I also see more dealers putting items up for sale here and on other outlets.  Even items that have traditionally sold quickly here are expiring without being sold. 

To what would you attribute the slowdown?  Have you changed your buying habits for audio equipment and, if so, why? 
theothergreg

Showing 5 responses by dgarretson

Truth or dare, if everyone who visits this site answers three questions, we may have an answer. What is your age? At what age did you begin to seriously exercise your purchasing power on audio?  How many more years do you plan to commit serious money to the hobby?

61, 35, 4 

@jmcgrogan2 

So between us, we have 54 man years of active purchasing, with 4 to go. We're 93% finished with heavy buying.  Anybody else?

@jmcgrogan2

Not to quibble over a silly 1%, but if the second figure is the age when we got serious about buying, then

((61-35)+(55-27))/((61-35)+(55-27)+4)= 93%

@whart

My wife and daughter have said that they’ll probably end up burying the equipment with me-- they have no idea how to turn it on and off and queue up an LP, let alone how to sell it off. At some point the question of unwinding surfaces. On the other hand, I have no idea or interest in how to MP3 to an ipod.

The second figure(the age at which one began to spend seriously on the hobby), I was hoping to distinguish from the age at which one first acquired a memorable system. The inflection point for spending is more helpful in measuring the arc of consumer spending that’s necessary to sustain the industry.

For example, at 15 I built a nice pair of inexpensive Altec VOTT speakers that I would consider high-end even by today’s standards. After holding those for ten years, a pair of ESS AMT1s. Then ten years later (at age 35) after picking up my first issue of TAS, I renewed my visits to the audio shops with reawakened interest(and more disposable income) and launched onto a ramp of unabated expenditures that substantially define my lifetime contribution to audio industry GDP. For those of my boomer generation, I sense that the bell curve of serious spending is typically age 35-65.

If the industry is to survive, it needs to find similar arcs of consumption that begin in the peak income years and extend at least to retirement.

Posters so far suggest several age demographics. Notably missing are those above 65-- who likely represent a significant share of posters on this site, but may be reluctant to declare their age.