QUESTION
2008-2009 was bad for everyone , I was no exception lost my job ,lost 401 k and you know the rest . Recently i got back on my feet . I am looking to start buying vintage guitar and maybe even restoring some of my old ones. How is the vintage guitar market REALLY ! and were do you see it going. I see by your past posts you have honestly assest the market even when most dealers would not and said the market fell Even when you know it would hurt your own business and i respect that. This is why I am asking you know for your opinion.
REPLY
Thank you for those kind words that is what we have always done . Even though was siting on a huge inventory when market fell I told the truth even though I know it may hurt our business abit but in the long run the truth will always help . So here in 2010 I Will give you my opinion and it is a good one for you not me.
Right now is a buyers market. Many dealers including myself are selling guitar sand parts at the lowest prices and even below cost to raise cash. This is not a horrible thing because most business due this but this industry has never been faced with this situation before. So this is a painful time for the vintage guitar business but for those who adjust there prices business is good.
The dealers that are still preaching gloom and doom are stilling asking 2007 prices for their guitar and vintage guitar parts. They refuse to bend and in the end they Will suffer. W have opted to reduce prices get in line with the market an thinks are selling.
The good news is you as a buyer this year will be able to buy vintage guitars and vintage guitar parts way cheaper than we have seen in over 15 years . this is a big opportunity for the vintage guitar lover to score big. I am seeing an all time low for both guitar and parts and I do not see an increase coming until perhaps the end of the year. 2010 is going to be a great year for the public and a hard yers for the dealers that is it in a nut shell.
I know many dealers will hate me for this but it is the truth nd this industry has to get with the program and change or die. For those who will not change I guarantee Will end up closing. Every business has adjusted its prices across the board and now is the time for our industry like it or not it is do or die. We have chosen to live and lower prices and Even offer package deals. We have lowered our inventory by 20% and feel this is a needed adjustment for the year .
So my answer is this great years for consumer and a hard year for the dealers. We will survive as long as we stay realistic in the business . The market has shifted the people have spoken . Good luck and if you need any help with any specific items please e mail me at THE PARTS DRAWER
JIM PASCH
Tags: guitar market, vinatge guitar parts, vintage guitar market, vintage guitars