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Farm Machinery
Machinery
Prices coming down?
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<blockquote data-quote="MOG" data-source="post: 9064833" data-attributes="member: 1649"><p>Used push bikes have seen a fall in prices by over 100%. New bikes which had a 6 month waiting list only 2 years ago can now be had with 30% discount. Lots of big players in the bike market going into receivership too. Interesting times and is surely being repeated across the board. Maybe hobby stuff will be worse effected than industial goods but I would expect to see similar patterns. Still effects of Covid shortages playing out....</p><p></p><p>Covid times, people had surplus money by not having opportunity to go out and spend as much as usual so tried to buy nice stuff to feel better.</p><p>Manufacturing was low due to shortages all down the line as people couldn't work in non-essential roles which impacted everything</p><p>As soon as possible production was ramped up to meet demand only to be met with a post covid cost of living crisis and people not wanting to spend unnecessarily any more.</p><p>Retailers are left holding large amounts of unsold stock and having to heavily discount to move it on to make space for next lot.</p></blockquote><p></p>
[QUOTE="MOG, post: 9064833, member: 1649"] Used push bikes have seen a fall in prices by over 100%. New bikes which had a 6 month waiting list only 2 years ago can now be had with 30% discount. Lots of big players in the bike market going into receivership too. Interesting times and is surely being repeated across the board. Maybe hobby stuff will be worse effected than industial goods but I would expect to see similar patterns. Still effects of Covid shortages playing out.... Covid times, people had surplus money by not having opportunity to go out and spend as much as usual so tried to buy nice stuff to feel better. Manufacturing was low due to shortages all down the line as people couldn't work in non-essential roles which impacted everything As soon as possible production was ramped up to meet demand only to be met with a post covid cost of living crisis and people not wanting to spend unnecessarily any more. Retailers are left holding large amounts of unsold stock and having to heavily discount to move it on to make space for next lot. [/QUOTE]
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Prices coming down?
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