There is no shortage of bargains in our industry at the moment. It appears that every importer is currently running some variant of stock clearance, be it a trade-up, cash back, value add or a limited period discount.
Masimo Australia, who import Marantz, have simply bitten the bullet and (substantially) reduced the prices on some of their models: no conditions, no jumping through hoops, just a good old-fashioned price reduction.
You would be excused for asking why there is such a plethora of offers at the moment. It is due to a combination of two factors.
Firstly stock has been tough to come by in recent years due to Covid related lockdowns, freight issues etc. – so most companies purchased as much stock as they could get their hands on. This has been followed by a downturn in trade, and suddenly many companies have found themselves with full warehouses in a diminished market.
This is not limited to importers, with many retailers in the same situation. A recent report estimated that on average electronic stores are carrying over $300k of excess stock, further exasperating suppliers who are trying to move their stock through these bloated retail channels.
It’s a great time to be in the market for AV equipment!
Back to the Marantz reductions. As mentioned, some of these were significant.
- NR-1510 slimline AV receiver – was $1450 now $999
PM-6007 integrated stereo amplifier – was $1290 now $1050
CD-6007 CD player – was $1299 now $1000
PM-7000n integrated stereo amplifier with music streaming built-in – was $2400, now $2000
NR-1200 slimline stereo receiver with music streaming built-in – was $1600, now $1300
Marantz has always been one of the most reliable and better-performing brands in the A/V mid-market – these prices certainly make them ultra-competitive as well.