Guns lose value
- Thread starter Yeahya
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Arik
Member
A simple sale?
No, I think it's a bit more than just that. 
It's an admission of the fact that plastic guns like the Shield can be manufactured for next to nothing... and the company can still make a nice profit at historically very low prices. 
Look for a change in list price shortly after the rebate ends... or a new model being released after the rebate so they can justify holding the list price up at the current level.
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Arik
Member
It's not an admission of anything. It's simply a sale. You sell more at less profit, but you sell and it actually makes more money. I just saw a sale on Sigs. Does that mean that metal guns aren't all that fnacy and quiet cheap to make?A simple sale?
Look for a change in list price shortly after the rebate ends... or a new model being released after the rebate so they can justify holding the list price up at the current level.
Sales are low, firearms aren't moving, inventory sits. Rather make a little bit of profit than none at all.
Ammo is going down in price too. Because otherwise it sits at distributors. No one is panicking. No one is buy just to buy
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Nah, I never stumble into street corner bargains or anything like that. I make 99% of my purchases on the open market and probably at least 95% of those on GB,......and the vast majority of those GB purchases are Buy Now or Fixed Price sales. I don't often snag a bargain on auction. $300 Glocks are listed there all the time,.....I pass them by at least monthly.
I consider myself something of an expert used gun buyer. I have purchased literally thousands of guns over the years(was an FFL for 15yrs), but have probably not purchased more than a dozen guns NIB,.......until recently. Grabbed four Shields because they're priced right. After June I suspect I'll go back to my regular 100:1 used/new ratio.
I still don't get the logic of railing against a discounted bargain while trumpeting a manufacturer that maintains an inflated MSRP, but then I've owned Glocks for at least 25yrs and am completely unimpressed with their 'perfection'.
And yes, .mil and LE sales can be in the low $200 range,....but they're volume sales that bypass normal dealer/distributor channels and are not subject to FET(which I want to say is 11% because I'm too lazy to look it up). So if you take that into account I'll say that Glock could make a good profit with an MSRP of around $300(like S&W does with the SD series, which is nothing but a low fanfare M&P without the marketing budget).
For anyone who doesn't believe in $300 Glocks, I can confirm they do exist on the used market at least. There is a local shop here in town that has half a dozen Gen 2 model 21 Glock police trade ins for $299 each. Only catch is they are missing the magazine. Of course a lot of gun stores have a stack of Glock mags in their bins for about 20 bucks each.
You ever actually carry one?
Arik
Member
"Perfection" has ZERO to do with looks or grip angles or accuracy, finish, price. It's "perfection" in simplicity! It's the gun with the least amount of parts. It has 34 parts. Today other guns are close. M&P has 39. But back in the 80s it was a major breakthrough.
What exactly is supposed to be impressive? I know I'm always impressed when a product functions as advertised.
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shutmal
Member
The SD series are a real bargain. I won one in a grand opening raffle and was impressed with the quality, but they are not an M&P. They have a totally different trigger that is TERRIBLE! After installing an Apex trigger I love it. Identical in size to a Glock 19, but lighter.
mnshutterbug
Member
I don't care if I paid $500 for my shield and it's worth only $50 now. If someday it saves a life, that's what is important to me. I bought mine for enjoyment and self defense and couldn't care less what it's worth or how little it cost to manufacture. As long as I can rely on it, the financial aspects aren't important to me.
Arik
Member
SD 22.7oz. 1.30 in thick. 7.2 in long. 5.5 hight
G19 21oz. 1.18 in thick. 6.9 in long. 5 hight
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The SD is 16+1......a full size gun IMO.........
so
Glock 17; 7.95 inches long by 5.43 high; 1.18 thick and weights in at 25.06/32oz loaded
Now, thats a bit of a stretch since we dont know any cost's......TTSH said:
<Thoughts continued below>
Close
(sell more at less and MAKE more can be true if we knew COGS, but we dont. We also dont know CashOnHand (COH). Example: inventory is packed....we already made our profits for this year and its in the bank. <remember, we are on fiscal month #8> Clear out inventory, even at a slight loss in order to create cash flow and protect whats sitting in the bank already. LOTS of complexities )It actually IS an admission. They admit they have ramped up and dramatically overproduced and their inventory is "out of balance"
It is impossible to create cash flow with manufacturing or inventory....only SALES create cash flow. Whether profitable or not, (debatable at this point) cash MUST keep flowing.
.....hence, a marketing gimmick
Simple terms? "Supply-and-Demand"
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Arik
Member
Ah! Never held one. He said it was identical to 19 so I figured it was.
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rsrocket1
Member
You do know that Glock's margin per pistol is about 68%
"In a 1994 patent lawsuit in the U.S., Glock estimated its profit margin per pistol at 68%."
Glock's Secret Path to Profits - Bloomberg
So selling your $500 Glock to police agencies at $200 is still a profit making business. I reads somewhere else that the manufacturing cost per pistol is about $75.
To the OP, you'll never sell your well used $500 Glock for anything close to $500 unless you are in California. If it isn't well used, then you're telling me you did buy the gun with the expectation that it will hold it's value.
Maybe you should have invested in Yugos.
"In a 1994 patent lawsuit in the U.S., Glock estimated its profit margin per pistol at 68%."
Glock's Secret Path to Profits - Bloomberg
So selling your $500 Glock to police agencies at $200 is still a profit making business. I reads somewhere else that the manufacturing cost per pistol is about $75.
To the OP, you'll never sell your well used $500 Glock for anything close to $500 unless you are in California. If it isn't well used, then you're telling me you did buy the gun with the expectation that it will hold it's value.
Maybe you should have invested in Yugos.
wormraper
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down here in Tucson used glocks sell for the LOWEST I've ever seen at $400... the average for a gen 4 is $450... I have a friend who runs the gun counter at 3 pawn shops as a manager and he sells g19s and G17s all day long in under a week at that $450 price range for Gen 4s and $425 for gen 3s
the only time anyone comes CLOSE to $300 prices are those backpage scammers offering to ship from florida if you'll send them a money order
I've bought low at $400 on backpage and flipped for close to $500 and they'll go within 24 hours of posting on backpage... and I've only found those $400 glocks (that aren't beat to **** or 20 years old) THREE times in all my years of looking (and I LIVE on backpage... I have a auto refreshing browser tab opened all day)
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rsrocket1
Member
There's a store here in Sac that sells used agency Glocks for $370-$420 but only 1 mag. Several friends I've spoken to have bought from this store and said if you as the guys behind the counter nicely, you can get one that looks nearly new, not beat up with a bunch of holster wear.
But if I wanted a G17 or G19, I'd just as soon pay $80 more for a brand new one which is pretty easy to find locally also, I just don't have a desire to own one.
But if I wanted a G17 or G19, I'd just as soon pay $80 more for a brand new one which is pretty easy to find locally also, I just don't have a desire to own one.
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Correct me if I'm wrong....but I thought the fans of plastic have always mentioned their guns as being tools only.Not needing highly crafted steel and wood....not passing them down to family members when they go. You can't have it both ways and expect cookie cutter inexpensive products to hold a value.
Of course not,......why would I? Would you carry a gun you didn't particularly like if you had dozens of equal guns that fit you better? There's nothing magical about Glocks,....they're reliable, utilitarian pistols. But so are FNs and Smiths and their ergos don't suck(for me).
