This decision while disappointing was more likely predicated on too low an announced price (as described above) potentially exacerbated by low pre-orders along with a shrinking S market than anything. Observe -- new box cars for $80 (are you kidding, but more evidence of supply and demand), an EXC condition large motor 313 is valued at $208 in the 2019 Greenberg guide while in 2013 it was $288 (a 28% decrease). Imagine 5 years from now. There are simply fewer S-gaugers now than there used to be and fewer still over the course of the foreseeable future. Combine that with an increasing number of used trains going into the market and less new trains sales potential. So I'm not surprised.
|
|
