Impact of Market Trends on the Diecast
As posted on DIECASTMAX.COM:
“It’s undeniable that the diecast car market is trending away from where it has been since around 2000 when new diecast companies like Maisto, MotorMax, Welly, and others couldn’t seem to release enough new models in a zillion colors with an unlimited production. Many serious collectors bemoaned this overabundance of mediocre releases of boring street cars. Now their seems to be little choice in the matter as the well has dried up and 2007 will see the lowest number of new releases in a decade with some companies choosing to either delay or scrap new releases or exit the market entirely. Maisto will reportedly not release any new 1/18 Premier Edition models, instead choosing to revamp existing molds. Ertl RC2 will only release a handful of their limited edition Authentics models. Highway 61 will have some fresh cars but no word from Lane Exact Detail on their high-end, superb quality 1/18 scale American muscle car offerings. Even Jada Toys has slowed somewhat and will throttle back their stock despite feeling the pinch less than other developers due to foresight in purchasing metal contracts in advance. Their wholesale costs have risen only slightly from last year. Our advice to the diecast model car collector? Choose your purchases wisely and look for high-quality limited edition pieces for the next few years. Like it or not, this downturn is likely to last.”
[via diecastmax.com]
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It’s no wonder the industry is slowing down, too many variations of the same few cars have flooded the market. I wish for once there would be more releases of 80’s and 90’s Japanese and European street cars and not the same old USA muscle cars!