Trade-in values: A formidable challenge
Since our recent first issue, several people have suggested that Play Meter begin compiling a price guide for
used equipment. While we realize the value of such a price guide, we regret that it is currently impossible for
us to instrument such a move.
While it is the responsibility of Play Meter to keep its readers completely informed as to the late t
developments within the industry, an attempt to produce an acceptable price guide would be, at best an
extremely difficult task at present. Several important factors contribute to our opinion on this matter.
During this period of inflation, it is difficult to measure just what effect rising costs of new equipment is
going to have on used equipment and its resale and trade-in value. We are of the opinion that the present
economic situation would tend to enhance and increase the value of used equipment. This being a value
judgement and a subjective opinion on our part, it would be difficult to arrive at a good objective compilation
of a price guide.
It would also be difficult to assess a value to a particular piece of equipment knowing that in different parts
of the country the same piece of equipment can sell for vastly different prices, depending primarily on local
demand.
For now, the most complete and useful price guide available, in our opinion, is the "DRA Price Guide "
being published quarterly by Distributors Research Associates located at 262 N.W. 29th St., Miami, Florida,
33127.
That guide is the one most commonly used by distributors across the country. Subscriptions sell for $45
per year. We recommend it for anyone who wants the best available in coin machine price guides.
Also, your local distributor is highly qualified to assess the value of your equipment. He is always available,
knows the local market, and will probably be more than happy to answer any questions concerning the value
of your used gear.
When we can accurately measure the end effect of this recession the nation is currently experiencing, and
when we can obtain a good number of reliable sources, we plan to reconsider our present position and
seriously consider putting together a sensible price guide that will be acceptable to all concerned .
•
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