Savage was NEVER known as a top tier producer of fine firearms. Savage was built on budget minded guns that performed. Savage has had and maintains today, a reputation for the best accuracy out of the box you can get for a production grade gun.
Younger buyers today want one thing. Performance.
Savage has been way out in front for this change. You could say the market moved to the Savage strategy. Lower costs. Save the money from the wood stock and fancy high gloss finish or labor intensive oil finish. Save the money from polishing and bluing the metal and invest it into accuracy enhancement.
Here is a group I shot with my Ruger American 17 about 3 weeks ago. No it is not a Savage, but it is plastic stock, flat metal finish and a plastic trigger guard. $389.00 rifle with a $200 scope @ 100 yards outdoors.The other groups were 5/8- 3/4". Keep in mind this is a rimfire gun.
I have a Kimber 308 Custom Select Stainless that wont do that. It will shoot MOA and sub MOA on a good day but it will never shoot 1/2 MOA and it cost almost triple the price of the little Ruger and I can hand load custom ammo for the 308.
Stop and consider what younger shooters are enjoying right now. Performance we dreamed and tinkered for hours to achieve right out of the box at a price that allows them to enjoy our sport.
What us old folks view as value has faded into the dust bin of history. Now younger buyers want accuracy and could care less about aesthetics. They like the plastic stocks and flat metal finishes and they are enjoying that performance for the same prices we were paying way back then.
I am happy gun makers have found a way to keep costs down and improve performance. It keeps our sport affordable for younger shooters on a budget. Not a bad thing at all.