Its a result of several factors. 1. devaluation of the dollar against the Euro, 2. Better quality from the European makers, 3) lack of spare cash for luxuries due to 10% unemployment and crappy economy in the US. I'm sure there are others as well.
Back in the early to mid 1980's there was a recession that led to higher unemployment and slightly reduced real estate values, rif's, etc. I bought up a crap load of 19th century centerfire single shot rifles. Folks who were feeling the pinch were unloading there guns, so the market had plentiful supply and the demand was down due to folks not wanting to spend their cash on non-necessities. I was getting Remington rollers for 50 - 80 bucks. Bought several martinis, large and small for 75 bucks each. Ballards could be had for 150. 4 or 5 years later I tripled and quadrupled my money.
With the current hemorrhage of tax money overseas and for social programs, it doesn't look like things will turn around anytime soon. We have been drug down by GW and Obama is making sure we stay there. I'm beginning to think the US is becoming a third world country.
There's alot of folks trying to unload their guns on line and there aren't as many bids as a year ago.
A fellow in my community hasn't missed a shoot at friendship in 20 years, says he isn't going this fall. Between trying to help his daughter's family save their house from foreclosure and other costs going up, he says he just can't afford the trip.
Things are so bad, folks come down our driveway and ask us to take their horses (free)at least once a month. We took two of them, both young foals, and the former owner of one brought us 30 bales of hay just for us to take her. Didn't want her going to slaughter.
Some acquaintances have unloaded every gun, keeping only a shotgun for hunting. And now the biggest employer in town, Harley is laying off 150 more workers and may even close the plant. It's gonna be really bad around here.