> In other words: Demand for used gear drives up the prices of used 
> gear. Which in turn makes the purchase of new gear a relatively 
> smaller step up, economically. 

> If a particular new lens costs $1000 and the used equivalent costs 
> $500 then buying used is an very attractive choice. But if the used 
> price climbs closer toward $1000 the option of buying the new product 
> looks more attractive.

Respectfully. In above example, how many used lens purchases might it take to 
inflate the price to that point where new one appears like a better deal? If I 
attempt to sell a newly purchased used lens at a high price when it is worth 
more, then new one looks good. Three years down the road, when used price 
falls, now people more likely buy used. How help manufacturer now?

There was mention of indirect effect of used gear market. What about direct 
effect of purchasing new gear? Which has larger impact? 

Kim

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