Used Game Prices Dropped 23.7% by End of 2008

In yet another indication of the myriad ways the recession is effecting the videogame industry, Video Game Price Charts reports (via Gamasutra) that the average price for a used game saw a significant drop in 2008, ending 23.7 percent lower than where it started in January.

As you can see in the chart above, the average price for a used game started at $12.69 at the beginning of January last year. But by November 3rd, the price tumbled to its lowest point of the year -- $8.57, a 32.5 percent decrease from the starting price. The average price ticked up again in the remaining days of 2008, and finally ended at $9.68, which was a decrease of 23.7 percent.

2008 Used Game Chart

What's particularly interesting about these numbers -- and where you see the real effect of the recession -- is when you compare them to the price fluctuations of 2007. As you can see in the chart below, the average price of a used game saw a similarly downward trajectory in 2007, indicating a decrease over the year is natural. But the extent of the drop was far less drastic than that seen in 2008. The lowest point of the year was a 30.4% drop from the starting price, but then the price ticked back up by 26.6% for a total loss of only 11.8% of the starting value.

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