kites not holding value?

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windslave
windslave
QLD
151 posts
QLD, 151 posts
10 Jun 2006 10:26am
WOW! some very interesting feed back! Thanks to all.

anyway if you want a really cheep used kite come and see me at.... JUST JOKING(sort of)!!!!

NSW, 4382 posts
10 Jun 2006 2:26pm
G'day Macker

Give me a break mate, I am a kitesurfer, that happens to own a kitesurfing shop. If you have less respect for shopowners in general, fine thats your decision, but I don't think it is a logical assumption that once a person becomes a shop owner in life they deserve less respect as a person or a participant in a sport.

You are entitled to your opinion, I just don't agree with you nor do I repsect, your disrespect!

The amount of opinions about whether I can write about my opinion, or others about theirs, is getting ridiculous on this forum.

What I wrote is my opinion, and all I said was that I reckon, generally and collectively what a few others said is BS. My comments were not even directed at anyone in particular.

Why is it not Ok for me to say that what someone is saying BS, when you can say that me saying that is BS???

You can have a view on the topic, no problem, express it.
If someone has a different view why can't they say yours is BS, isn't that what a discussion forum is for?

Besides, if you read all these posts the general consensus is that it is market forces that drive prices, too much supply = lower prices, its pretty simple.

Cya and

Goodwinds

Steve McCormack





[quote
"macker" steve with respect to you, people are intitled to have there say on these forums thats what there for, so please dont come on here and say that there opinion is BS, we are all kitesurfers buying and selling gear so we all have a view on this.
Steve as a shop owner you put yourself in the firing line but this is not just a cheap shot at you, just my opinion. i would have alot more respect for you if you come on here as "steve the kitesurfer" not "steve the shop owner".
macker
Crusoe
Crusoe
QLD
1197 posts
QLD, 1197 posts
10 Jun 2006 5:10pm
One way to reduce the gap between new kites and secondhand kites is to pay less for the new one.I brought a 12 and 16 last year and saved about 300+ bucks on the deal. Why not get some mates who are intending to buy a kite this season and do it together through a single purchase. I'm sure any dealer would give a pretty good discount for the sale of 3 or 4 kite. He certainly wouldn't want you walking back out the door. A couple of us have got our eye on a couple of new Contra's and we won't be paying the full price. I'm sure you've all heard the expression "Team Work"
JB
JB
NSW
2232 posts
JB JB
NSW, 2232 posts
11 Jun 2006 4:38am
I think this thread has gotten alittle lost to some people, "kites not holding value". Unless i am wrong this was in regards to second hand kites. Of coarse a dealer is going to give you a good deal if you buy 4 kites! anyway, windslave is right, there is some great feedback on people thoughts of the market. Like anything people are going to dissagree about certain things, it's healthy, otherwise we're basically robots. As I said before, just agree to disagree. No BS, or bad mouthing someones opioin, or judging their opinion because of position, Take it in, it may change your opinion, or strenthen your original thoughts!

Oh, BTW PUPPA, my oringinal post wasn't directed at you at all, I only just worked out your angle there! must have been too much beer!

There are some hards times ahead team, lets build an industry, not make a war! If we work together and make the cake bigger, we all get a bigger slice!

regards,

JB
NSW, 4382 posts
11 Jun 2006 5:29am
JB :-)

You know me, I have a good knowledge of what is going on out there and am broadminded enough to listen to anyones opinion.
Its fine to call BS what it is, its not fine to attack the person, I think that has always ben one of Lauries rules here. Not saying you or I did any of that.
However it has happened in this thread and it happens continually in the forum, and the quality of the forum suffers for it. Thats just my opinion though!

The original post was made by a person who works in a shop, my comment about the boss moaning was directed there. The comment about beer goggles, well that was just a general thing, I get beer goggles too, so don't beleive too much of what i say if I have been enjoying a few or several, as you know I can get messy!!!

I still don't agree with many of the things you said, but you are entitled to your opinion. I agree that we need to work together, one of the best ways to achieve that is to communicate better and more.

Something that can be said about premium brands though is that they definitely hold their value better than the lower priced brands. But there are still too many kites flooding the new and used market so prices are going to stay depressed, and times in retail and upline in wholesale and manufacturing are going to be tough. Consumers are having a great time out of all of this though!

Cya and

Goodwinds

Steve McCormack


quote:
Originally posted by JB

I think this thread has gotten alittle lost to some people, "kites not holding value". Unless i am wrong this was in regards to second hand kites. Of coarse a dealer is going to give you a good deal if you buy 4 kites! anyway, windslave is right, there is some great feedback on people thoughts of the market. Like anything people are going to dissagree about certain things, it's healthy, otherwise we're basically robots. As I said before, just agree to disagree. No BS, or bad mouthing someones opioin, or judging their opinion because of position, Take it in, it may change your opinion, or strenthen your original thoughts!

Oh, BTW PUPPA, my oringinal post wasn't directed at you at all, I only just worked out your angle there! must have been too much beer!

There are some hards times ahead team, lets build an industry, not make a war! If we work together and make the cake bigger, we all get a bigger slice!

regards,

JB

RAL INN
RAL INN
SA
2898 posts
SA, 2898 posts
11 Jun 2006 8:59am
My opinion on one angle of this question.

Why the loss in value of S/h kites?

Most recently one of the many causes is competition. and that is both good and bad. It is a shame that we have had a few cheap and nasties come on the market. In some cases I believe it is a diliberate marketing ploy by a company to enter a market with as cheap a product as can be produced in order to grab as big a slice of the market share as possible in as short a time frame as possible.

then perhaps use this M/share position to move towards a better quality product. Sound marketing strategy but can have an adverse effect on the market.

Take Cars for example. Who remembers the entry of Hyundai with their exel. The traditional S/H car market of parents buying a 1st car for their kid now had the option of a new car smack in the middle of their price bracket. The normal thinking of people is new is better than S/H. not perhaps correct but.
the S/h car market went into decline and now days perfectly nice late model commodores sit on the side of roads for less than a G.

Kite customers don't seem to trust S/H kites.
Retailers are always stuck with tradeins that tie up capital and have to be gotten rid of. Hence many not offering to trade.
Kite owners have the cost of their kites dictated by their own market forces, meaning those that are in a financial position to under price their gear do so and thus set the benchmark.

In short, it is not the retailers setting the value of S/H kites.
It is the buy and sell sections of forums etc. which is the domain of the kite consumer.

And this is pretty much how it goes across many products.
For comparison, go by a new Motocross bike, then try to sell it the next week.

As far as the Kite companies go perhaps they can try to get back to some semblence of order where we are not in a continual what's new next month mode. The notion of having a 05 or 06 or 07 kite has become so blurred, half the new kite market has been put on a wait a bit rollercoaster, they may never get off.
For instance the Waroo finally arrives and 2 weeks later we are starting to prepare orders for the 07 model.
Nothing wrong with us getting 07 models in Nov.06 but wouldn't it be great if that was the only month we got new models.

Ok that's enough painkiller induced ramblings.
wdric
wdric
NSW
1625 posts
NSW, 1625 posts
12 Jun 2006 7:25am
I think some on here said it was a market for beginers,

Below is an example from the for sale section and what happens when nobody wants your gear and you want to sell

I imagine these would be a bargin for someone wanting to get into the sport.

"15 m Best Yarga'05 complete $600 $500 Very good condition no repair
17 m Best Yarga '04 kite only $300 $200 Very good condition no repair"

ric

dachopper
dachopper
WA
1802 posts
WA, 1802 posts
12 Jun 2006 7:24am
quote:
Originally posted by orsmboost

Hey chopper! That doesn't make sense!???
Why would you accept two thirds or 66% of the original purchase price ie, $1000 from $1500 as opposed to 75% of the original price ie, $1500 from $2099. Resale, Percentage wise your way is arse about don't you think?



after going through god knows how many different seasons of kites in the end, i either have to save up $500 cash to pay the difference for a new kite , or i have to save up $600 if the kite was more expensive in the first place. I know you are loosing a larger percentage , but your actually loosing more money by buying the more expensive kite than you are buying and selling cheaper, do it 10 times and you've now paid $1000 more for the same kite from a different shop, so to me the percentage doesn't matter it's more the actual money that gets forked out. ( I'm referring to the same model kites aswell)

I think the reason for the drop in second hand kite price is pretty simple.

1. Kites have never ever held their retail value anyway once used as they aren't like a block of real estate or a classic or exotic car.

and 2. In the old days, they were an oddity, expensive and had lots and lots of drawbacks and lacked in features. So beginners didn't want to pay $2400 for a brand new kite as there weren't that many people kiting anyway and so they wanted to pay less for a seconhand one incase is wasn't all they had heard it was.. Now that there are so many more kiters who are past the beginner stage and have tried out a few kites, they can see the general increase in safety, performance and features in new kites and buy brand new or close to it kites instead. but i think there is still only a small or similar number of beginners being pumped through, with a massive increase in intermediate+ ridres who want to buy brand new or upgrade their gear.
so they all flood the market with their old gear, but there hasn't been a proportionate increase in beginner riders to the total australian pool of intermediate plus who don't want to buy something 2 or 3 years old.. the beginners still buy the secon hand kites, but now that the intermediate+ riders are finding it harder to sell to a smaller audience they drop the price.
the loopy chicken
the loopy chicken
WA
20 posts
WA, 20 posts
12 Jun 2006 10:20am
kites dont hold their value cos they blow out,loose their shape,get trashed,degrade in the sun....u name it.

what i cant work out is how the industry works in regard to certain shops having exculsive rights to certain brands? i for one would love to buy the brand of kites i use without the shop owner telling me im an idiot and should be flying some other brand. kiting as we all know is an emotion charged sport....i want to get my gear from someone who is passionate about the brands he sells..... so how does all this stand with accc etc is it legal,does it happen all over the country or is it just a perth thing?

this may be the wrong thread for this query but would love to hear from people in the industry and a lot of u seem to be contributing to this thread
jonny_6767
jonny_6767
NSW
60 posts
NSW, 60 posts
12 Jun 2006 12:23pm
yep, who cares about a better percentage when you lose more money, and it costs more in the first place! seems pretty straight forward to me, my view is we as kiters value the service from our local shops but when it comes down to it we work hard for our money. As for the price difference in general, as the sport is growing rapidly every year there are huge innovations, if lots of new kites are being sold the buyers must be thinking that these kites are worth the $$. Otherwise they would keep using they're old kites.
JB
JB
NSW
2232 posts
JB JB
NSW, 2232 posts
12 Jun 2006 5:17pm
Except their BEST, Cheap to begin with, even cheaper after! I'll give you $5.00 for both!!


quote:
Originally posted by wdric

I think some on here said it was a market for beginers,

Below is an example from the for sale section and what happens when nobody wants your gear and you want to sell

I imagine these would be a bargin for someone wanting to get into the sport.

"15 m Best Yarga'05 complete $600 $500 Very good condition no repair
17 m Best Yarga '04 kite only $300 $200 Very good condition no repair"

ric



gruezi
gruezi
WA
3464 posts
WA, 3464 posts
12 Jun 2006 3:52pm
Some people's garbage is other people's treasure....everyone wins.
Soonee
Soonee
VIC
147 posts
VIC, 147 posts
13 Jun 2006 10:38am
Kites have a VERY limited lifespan. THat's it
My first kite was secondhand. Lasted a bit over 1 month. Live and learn.
My second kite was new. So was my third, my fourth, etc.
You buy secondhand it's worth about $2 in my opinion. You just don't know what you are getting unless you are REALLY careful.
JB
JB
NSW
2232 posts
JB JB
NSW, 2232 posts
13 Jun 2006 12:19pm
2nd hand are only worth little because the market has been driven that way! I know of one of my first kites, a AR5.5 13.5m that is still out there and fly's fine, it's looking a little worse for wear, but it still flies fine! It's had 4 owners (including me) and was last sold for $450 I think. I sold it for $1300, It was then sold for $900. That was when everyone was playing the same though. All kites have the ability to last long (well the good quality ones anyway) Ther worth is were we put it!

I wish I could still kite fine :-(

regards,
JB
Paul
Paul
WA
346 posts
WA, 346 posts
14 Jun 2006 2:12pm
Two points to add for the sake of it!

company A makes high quality screw drivers that cost alot while company B sells cheapies. the screwdrivers are made in the same factory but from different materials. Company A is not worried about the cheap drivers on the market taking their share for two reasons.

1- we all buy the cheapy drivers and complain when they fail, and although thousands of cheap screwdrivers are sold eventually we all decide that buying the cheapy is not worth the aggro and go buy a set of quality drivers. But because the market is huge, company A still sells alot of their product to people who realise the value of the quality product and company B still sells alot of cheapies.

2- Usually the cheap brand B is owned by company A so all profit goes to the same end place. sometimes the public knows this and sometimes they don't.

The kite market just isn't big enough for this to take place. If brand A released a budget range of kites they would lose in the sales of their premium range. So Brand C sees an opening and comes in with the cheap stuff. If the market was bigger there would be room for both.

You don't see tv companys whinging about the chinese rip offs as most buyers are aware that buying a brand name Tv, in most cases, is going to last longer that the cheapie. But again the cheapie is often owned by the larger parent company.
One the other hand you don't see people bitching about the price of tv's as they have a good choice - buy quality or budget - and yet the quality sets are walking out the door at $3000 a pop.
Although you use your tv more than a kite yet they update to new models at the same rate.
Everyone bitches about the price of kite/windsurfing gear (and petrol) but all drive new bigger more expensive cars and are busily updating to a bigger more expensive houses and fit it out with the latest home theatre gear.

One of the main retailers of tv were selling 100 wide screen sets per week because of the world cup soccer, instead of the usual 10 per week.

Lastly, even though most people are happy to buy a good kite at a reasonable price and keep it for a few years, the loudest noise comes from those looking for the latest and greatest. Because they are heard from the most, the companys rush out new stuff as fast as possible as they think it is what the public wants. That's the noise they are hearing so that is the perception. The techo junkies are driving the market while the majority of the market goes about their business quietly.

Not sure if I made much sense. Oh well.
Deso
Deso
WA
52 posts
WA, 52 posts
14 Jun 2006 5:03pm
I think you have all missed the main point.
The speed of developement means that last years kites just dont cut the mustard any more. Look at the increase in wind range on 06 kites, it has changed the size of kites in our quiver. You wouldnt want to pay anymore than half retail for last years model.
06 kites are now pretty good ,an improvement on 05 so it will remain to be seen if this developement will platue or continue. This hype is what kite manafacturers thrive on to sell their new products , so Im sure the 07 will be another revelation. Just wait and see i guess.
daggy
daggy
WA
528 posts
WA, 528 posts
14 Jun 2006 8:48pm
so far i've read about the cheap brand of kites referred to as screwdrivers, commodores, t.v.s, motocross bikes and god knows what else
Has anybody got the balls to name this phantom brand of discount kites .
JB
JB
NSW
2232 posts
JB JB
NSW, 2232 posts
15 Jun 2006 5:14am
This discussion isn't about brands, it's a market value issue! I thinks it's good to see a thread that discusses that actual issue instead of going,

Cabrinha blahblahblah Naish balhbblahhbal Best blahablahablhb la Fone BLahbLhablB...............Norht BLajblABLBh as so on and on and on and on like every other thread!
RAL INN
RAL INN
SA
2898 posts
SA, 2898 posts
15 Jun 2006 5:06am
well said JB.

All the analagies are just that and not some code breakers wildest dream.

Kites wear out, bag out, and are attacked by all the forces of nature.
when you add this to the market size, rate of development, and it's extreme sport clasification. Then for sure the value drops.

But in the end it is the Market that sets the prices, in this case thats the general kiting public. They set the prices of S/H kit via their network of Buy&Sell media.

So how do you change that? or do we just except it?
windslave
windslave
QLD
151 posts
QLD, 151 posts
15 Jun 2006 7:53am
I think another way to help kites hold their value would be if the manufactures of the kites only relesed kites out every 2 years.
Also if they build a Qulity kite like they claim to there should be no reason to rush out dump your $2000 kite for $900 and buy the new one.
Can anybody who has a current 2006 model kite/s honestly tell me that they feel that they HAVE to have the new 07 version.I would say mostly not...But come 2008 you would proberly be really hanging out for the new one.

This may also help the pre-loved market?



windslave
windslave
QLD
151 posts
QLD, 151 posts
16 Jun 2006 12:53pm
The original post was made by a person who works in a shop, my comment about the boss moaning was directed there.

Not the case Steve "NO ONES MOANING" here... except the customer when he finds out he can't get a reasonable price back on his next to new still current model kite. With due's...pls read things through before jumping to conclusions.

Even last year kites were holding there value more.

Sh#t I paid $900 bucks for a used Aero 2 when I started and the kite was 2 years old.I was happy thought it was a good deal still do. Now I have used 2006 kites on the shelf in the shop that are only a couple of $100 more! and there still current models whats up with that???




schmik
schmik
NSW
235 posts
NSW, 235 posts
16 Jun 2006 1:45pm
Maybe the fact that some manufacturers make such quality kites is why the 2nd hand market is so cheap. I just sold a 2003 Ozone frenzy for peanuts. The sail was in near new condition as were the bridles. I did replace the pulleys and bridle lines that ran through the pulleys but as I said, the kite itself was in excellent condition and flew like new.

So with 2003, 2004, and 2005 frenzies all out in the 2nd hand market it euqals to whole load of SUPPLY in the SUPPLY and DEMAND equation.

I agree that quality and slower releases are the way to go. eg, the frenzy 04 was a huge step up from the 03. The 05 was nothing revolutionary and then the 06 was a big change from the 05.

my 2c worth
schmik

Kitehard
Kitehard
WA
2782 posts
WA, 2782 posts
16 Jun 2006 12:22pm
Hi Peeps,

FYI In the paraglider and Hang glider market, they release gliders every two years as advances in design have slowed. This would allow designers plenty of time to produce real changes and improvements after having them thoroughly tested by team riders to iron out the bugs of models released with minimal test time.

It would also allow the market to grow which would raise the price of new and 2nd hand gear and would allow us time to save for gear. Overall, I don't think anyone really needs to update gear every year unless you are in the top 5% of riders pushing the envelope of the kites capabilities.

Just my 2 cents worth, good winds,



windslave
windslave
QLD
151 posts
QLD, 151 posts
17 Jun 2006 7:31am
I agrea with that to Darren.

I here that a kite company may be going to start releasing kites more frequntly every 4 months or so.... this also may have the same sort of efect on the resale value (hopefully holding value) as people will lose sight of the hype behind geting the latest model no matter the cost.
cwamit
cwamit
WA
1194 posts
WA, 1194 posts
17 Jun 2006 11:14am
Reading all the views above one could assume kites value doesn’t hold because of theses intertwined factors.

1. kites are continually evolving comparable to computer speeds/cost/resale value as an example (notice computers are getting cheaper yet not doubling in processor speeds as several years ago - same as Darren mentioned with the paragliders slow down in evolution now the designs have matured. this all comes back human desires for the best newest improvements and so selling a one or two season old kite for whatever price to get the latest kite.

2. brands and market focus - different brands market through different approaches - "price friendly" over "quality and image" or to "new innovations in designs" (which brands are at the forefront of bringing new ideas as opposed to which brands just copy what selling now) these market approaches are all mixed and matched. In any case it all adds to consumer wants and desires which in effect keep the kite market healthy and the secondhand market flooded.

3. One of the biggest factors on value would have to be kites life span. and just because your kites only one season old its still seen by a potential buyer as a risky buy and so price has to be reduced to get the sale, after all why are you selling it? (Especially if only your grandmother took it out on Sundays.)

Not holding value seems like an oxymoron question because in most cases the answers tend to be ironic - when you want to sell your kite and it’s not the value you think it should or would like it to be... Ask yourself do you relate to any of the above reasons and if so, that is perhaps why it’s lost its value.


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