What's going on with the audio market?


Recent retail sales reports are very bad and I am hearing that sales for audio equipment have been nonexistent over the past few months.  I also see more dealers putting items up for sale here and on other outlets.  Even items that have traditionally sold quickly here are expiring without being sold. 

To what would you attribute the slowdown?  Have you changed your buying habits for audio equipment and, if so, why? 
theothergreg
Mobile and portable devices like iPhones play music and doing quite well. 

Younger generations on don't just sit and listen to music as much anymore. 

Still plenty of of good gear on the market though.   Just not great for sellers though it sounds.  
Jafant wrote,

"Obama has done nothing to fix the economy."

Actually the economy has recovered from when it tanked on Bush's watch. Let's recap. The Stock Market has recovered.  The job market has recovered. And the housing market is in the midst of a recovery. What's not to like?

@dgarretson , you might want to check your math.

So between us, we have 54 man years of active purchasing, with 4 to go. We’re 93% finished with heavy buying.

I add 27 and 35 and get 62 with 4 to go, 94%.

I see a LOT of folks started seriously exercising their audio purchasing power as teenagers. Though I bought my first audio rig at 16, I would hardly call it serious audio purchasing power.
I don’t think I started buying "hi-end" gear until I was about 28 years old.

@geoffkait
+1
Many conveniently forget how badly Dubya trashed the economy.