Don’t be tempted by eBay “bargains” because larger price drops are undoubtedly coming to retail.
While the retail price tags for graphics cards have decreased once more, the larger drops in price are still being seen in the used market.
This is based on the most recent data from Tom’s Hardware, our sister site that routinely monitors retail and eBay pricing.
Although a 3% decrease in current-gen GPU prices (Nvidia RTX 3000 and AMD RX 6000) during the month of July may not seem like much, it is part of a long-term downward trend that has seen price tags that were previously much higher than the suggested retail prices (MSRP) gradually erode.
Several graphics cards are currently available for less than MSRP, with more AMD GPUs than Nvidia GPUs. The most notable example of this is the RTX 3090 Ti, which, according to Tom’s Hardware, is available for 17% less than its MSRP. The high-end models are declining in this manner, with the RTX 3080 Ti being 10% less expensive and the RTX 3090 being 3% less expensive than the MSRP.
Other Nvidia GPUs are still selling for about 15% more than MSRP, and the RTX 3050 is selling for a staggering 31% more.
In contrast, the vast majority of current-generation AMD graphics cards are currently cheaper than MSRP, with some by a significant margin, such as the RX 6900 XT at 15% less expensive than MSRP or the RX 6600 at 17% less expensive.
In actuality, only AMD’s Radeon RX 6800 and 6800 XT remain above MSRP, and only marginally—by 3 and 6 percent, respectively.
Much larger drops have been seen for GPUs sold on eBay, which fell by an average of 14% from June 1 to June 2. The prices of used cards from generations before the current RTX 3000 and RX 6000 cards dropped even more, on average by 17%.
The average overall GPU price decrease since the beginning of 2022 is 57 percent, according to Tom’s, demonstrating just how much prices have dropped in the first half of this year.
Analysis: Play the waiting game and stay away from the GPU minefield
At this point, we should reiterate our cautions regarding the used GPUs being sold on auction websites. Remember that a significant portion of the old graphics cards presently clogging sites like eBay will be ex-miners getting rid of their equipment in the wake of the recent crypto crisis, despite the fact that those meaty price decreases may make them appear quite alluring, especially the high-end versions.
Such GPUs have the drawback of having presumably been operated at maximum capacity for an extended length of time, which is bad news for their prospects of long-term durability. Similar to purchasing a used automobile with a lot of miles on the odometer (that has been driven extensively), there is a significant possibility that something will go wrong.
Remember that miners may say that the graphics card being offered was previously used in a standard PC to persuade customers despite the fact that they are aware that their used GPUs are not an appealing prospect for these reasons (or even outright lie and claim the GPU is actually new, not used). Anything that seems too wonderful to be true or too cheap to be true should be avoided.
Purchasing a secondhand GPU is currently a (literal) minefield as a result of that mining stock being cleared, therefore we advise staying away from the market totally, at least for the time being.
The wisest course of action for us at the moment is to wait and observe the prices of new graphics cards at retail, anticipating that the pressure from impending next-generation GPU releases will further drive down prices.
If the rumours are true, Nvidia, which has been more obstinately opposing the downward pricing movement than AMD, might experience some significant cuts in retail prices (mainly due to demand for RTX 3000 graphics cards). However, there are rumours that this situation won’t hold since Team Green allegedly has a “enormous” quantity of current-generation GPUs that they need to clear out before the debut of RTX 4000 cards, which is imminent (maybe in just a couple of months).
As a result, we can anticipate some larger price cuts to be forced into play as retailers look to clear said inventory build-up of RTX 3000 models – while potential customers become more cautious and willing to wait for RTX 4000 GPUs, in the knowledge that they’re getting closer by the day. The theory is that Nvidia wants to cut production orders for next-gen graphics cards and delay shipments somewhat. Given that, we can expect some bigger price cuts to be forced into play as retailers look to clear said
Because of this, the smart money, at least according to us, is on waiting for Nvidia’s prices to drop even further. This is even before we consider how the arrival of Intel’s desktop Arc Alchemist graphics cards will further disrupt the GPU market.
Although the buzz surrounding Arc GPUs has recently been unsettlingly flat due to concerns about performance (and drivers in particular), Intel may decide to attack on the pricing front. This could result in some fierce competition, especially at the lower end of the market, which would put additional pressure on AMD and Nvidia to lower the price of their GPUs.