Originally Posted by
adamrice
The Garmin 1030, normally $600, is marked down to $400, same price as the 830. I speculate this means a new model is forthcoming. Which means this is either a great time to buy one, or a terrible time, depending one whether your neophilia outweighs your thriftiness.
I think it's more likely that they are looking at the economy dropping fast due to the virus and they're trying to blow out inventory and increase cash reserves as fast as fast as they can.
Originally Posted by
DrIsotope
To give you an insight into the markup on a typical Garmin product, retailers can drop the sales price by a full third overnight and not lose money. At $400 the 1030 is overpriced.
Exactly. And with their margin gives them a great reason to address new competition and the economy. On top of that, doing this is a great opportunity to put hurt on their competitors with the falling economy.
Originally Posted by
August West
Varia 510 Radar/Light also on sale with speculation of a newer replacement.
There would be no reason to do this since they have no competition if this were normal times. If generating cash and dropping inventory fast is important, then this makes sense.
Garmin's production is in Taiwan which means they don't have a lot of the finished good supply chain challenges others do. Others can't get completed units and this is also an opportunity to run the market share back up. They have units, others are short on units.