Used pedal market has nearly returned to 2019 prices following pandemic-era surge, according to data from Reverb
A new report from Reverb reveals that the used pedal market is showing signs of stability, as prices have nearly returned to a pre-pandemic level.
The gear marketplace’s study explains that in 2022, the used pedal market was at an all-time high, likely driven by “pandemic-era demand and supply-side production constraints”. Since then, prices have steadily decreased with the market now sitting just above 2019 levels, meaning it’s easier to both buy and sell gear, with better deals available.
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Reverb’s study also reveals further interesting findings on the market on the whole, revealing that brands such as Electro-Harmonix, Boss, and MXR hold their value better than other competitors, likely due to reliability and availability. On the flipside, legendary or rare pedals are continuing to increase the most in value, such as the Analogman King Of Tone and the Klon KTR Professional Overdrive.
Outside of the “major players” of the pedal world, prices for boutique brands and other mass-market companies are collectively lower than in 2019. Interestingly, multi-effects pedals have seen the biggest price drop, down 13 percent from 2019, which could be a sign that players are embracing all-in-one modellers such as the Neural DSP Quad Cortex. Some pedals haven’t budged in cost however, with the Ibanez Tube Screamer Mini, Xotic SP Compressor, and the MXR M290 Phase 95 all staying within a sturdy range over the last six years.
To compile its data, Reverb tracked all of the selling and buying activity on its marketplace using a new data-driven tool called the Reverb Price Index (RPI). While currently it is only used internally, the company is planning to make it publicly available in full soon.
Reverb guitar expert, Jim Tuerk, comments of its findings, “Prices have stabilised and the used market is behaving more predictably again – which in these times of volatility is newsworthy. For buyers, that means confidence in value. For sellers, it means knowing how to price. Does this mean that instruments are a safe haven for your capital? We can’t say that conclusively, but a used guitar sure sounds better than a 401k.”
Reverb’s Senior Director of Analytics, Cyril Nigg, adds, “For the first time, musicians, collectors, and dealers have a clear view into long-term price trends for used gear. The Reverb Price Index (RPI) is designed to bring transparency and trust to a market that has historically relied on gut feel and guesswork – leveraging millions of real transactions between buyers and sellers.
“By combining deep industry knowledge, advanced analytics, and a relentless focus on structuring decades of instrument data, the RPI offers a reliable benchmark for navigating a market where prices have fluctuated dramatically over the past five years. With real data in hand, musicians can now make smarter, more informed decisions about what they’re buying and selling.”
To find out more, you can read the full pedal market report via Reverb.
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Source: www.guitar-bass.net
