Thursday, August 11, 2022

GPU Prices, June 2022: Supply Up and Demand Down

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fatima khan
fatima khan
A brand new writer in the fields, Fatima has been taken under my electric spark's RGB- rich and ensures she doesn't engage in excessive snark on the website. It's unclear what command and Conquer are; however, she can talk for hours about the odd rhythm games, hardware, product reviews, and MMOs that were popular in the 2000s. Fatima has been creating various announcements, previews, and other content while here, but particularly enjoys writing regarding Products' latest news in the market she's currently addicted to. She is likely talking to an additional blogger with her current obsession right now.

We track current GPU prices on all the best graphics cards and the latest additions to our GPU benchmarks hierarchy. We scrape eBay’s historical data to get details on what sort of prices people are paying for GPUs. We provide monthly updates on eBay’s prices for the latest generation Nvidia Ampere and AMD Big Navi generation GPUs, along with the previous generation Turing and RDNA graphics cards.

We mostly skipped the update last month, due to the launch of several new AMD graphics cards, though you can see a belated update for April on the next page. For May, we have four newcomers: the RX 6950 XT, RX 6750 XT, RX 6650 XT, and RX 6400 — reviews are still pending on the last two, though we do have benchmarks for the 6650 XT in our hierarchy already.

Month over month, GPU prices took another hit, and that’s coming from several months of 10% or more drops. In May, the average Nvidia GPU price on eBay dropped by 14%, headlined by the RTX 3090 Ti and RTX 3090 that were down about 20%. AMD took an even bigger hit, with average GPU prices down 15.5% from April. All indications are that, with the drop in cryptocurrency values and mining profitability, demand from that sector has effectively evaporated. Actually, it’s worse than that, as many miners appear to be clearing out inventory. AMD and Nvidia make projections for sales typically six to twelve months in advance, and there’s every reason to suspect we’ll now be entering a phase of oversupply for the current generation graphics cards.

What’s bad for the graphics card makers is good for consumers, as this should hopefully spur price cuts. You can almost see the gamers chanting, “How low can you go? (opens in new tab)” as GPU prices do the limbo with MSRPs. At present, eleven of the 21 current generation graphics cards are selling at prices at or below the official MSRPs. Here’s how things looked during the month of May 2022.

Nvidia Ampere and AMD RDNA2 GPUs: eBay Pricing for May 2022
GPU Avg eBay Price QTY Sold Gross Sales FPS/$
GeForce RTX 3090 Ti (opens in new tab) $1,829 44 $80,487 0.0724
GeForce RTX 3090 (opens in new tab) $1,438 754 $1,084,267 0.0880
GeForce RTX 3080 Ti (opens in new tab) $1,134 617 $699,838 0.1088
GeForce RTX 3080 12GB (opens in new tab) $959 69 $66,202 0.1298
GeForce RTX 3080 (opens in new tab) $899 1197 $1,076,510 0.1293
GeForce RTX 3070 Ti (opens in new tab) $710 850 $603,568 0.1466
GeForce RTX 3070 (opens in new tab) $641 1364 $874,706 0.1556
GeForce RTX 3060 Ti (opens in new tab) $579 1558 $902,316 0.1580
GeForce RTX 3060 (opens in new tab) $424 804 $340,599 0.1657
GeForce RTX 3050 (opens in new tab) $315 139 $43,770 0.1634
Radeon RX 6950 XT (opens in new tab) $1,600 2 $3,200 0.0858
Radeon RX 6900 XT (opens in new tab) $875 172 $150,519 0.1482
Radeon RX 6800 XT (opens in new tab) $767 265 $203,350 0.1610
Radeon RX 6800 (opens in new tab) $655 154 $100,878 0.1691
Radeon RX 6750 XT (opens in new tab) $511 4 $2,045 0.1979
Radeon RX 6700 XT (opens in new tab) $477 389 $185,471 0.2008
Radeon RX 6650 XT (opens in new tab) $400 0 $0 0.1997
Radeon RX 6600 XT (opens in new tab) $350 375 $131,220 0.2231
Radeon RX 6600 (opens in new tab) $290 174 $50,469 0.2299
Radeon RX 6500 XT (opens in new tab) $192 49 $9,392 0.1588
Radeon RX 6400 (opens in new tab) $151 4 $602 Not Tested

Outside of the new AMD RX 6×50 XT cards, which had very low sales volumes on eBay — another good indication that scalpers and miners just aren’t interested in risking the purchase of additional GPUs — all of the current generation cards dropped again in price. We’re particularly pleased to see the RTX 3090 Ti selling for around $200 less than the official MSRP, which was severely overpriced to begin with.

Of course, the most desirable cards, meaning the ones that didn’t have extreme MSRPs, continue to sell at inflated prices. Nvidia‘s RTX 3050 through RTX 3080 are still going for 28% more than their official MSRPs on average, with the RTX 3060 Ti being the worst offender at 45% over the $400 starting MSRP. AMD‘s GPUs are in a better state, with only the RX 6800 XT and RX 6800 selling above MSRP, though many of AMD‘s MSRPs are higher than their direct Nvidia counterparts to begin with.

With the increase in supply and an apparent drop in demand, at least as far as eBay sales go, fewer cards exchanged hands. There were over 10,600 current gen GPUs sold on eBay in April, compared to about 9,000 GPUs sold in May. That’s a 16% drop in sales, with AMD‘s unit numbers down 28%, though do note that AMD unit sales were up 15% in April.

The best values continue to be AMD‘s RX 6600 and 6600 XT, followed closely by the RX 6700 XT, RX 6650 XT, and RX 6750 XT. For Nvidia, the RTX 3060 and 3050 represent the best bang for the buck, with diminishing returns as you go up the performance scale from there.

Nvidia Turing and AMD RDNA GPUs: eBay Pricing for May 2022
GPU Avg eBay Price QTY Sold Gross Sales FPS/$
GeForce RTX 2080 Ti (opens in new tab) $686 349 $239,277.89 0.1400
GeForce RTX 2080 Super (opens in new tab) $498 178 $88,640.44 0.1705
GeForce RTX 2080 (opens in new tab) $430 170 $73,055.80 0.1913
GeForce RTX 2070 Super (opens in new tab) $409 336 $137,326.56 0.1869
GeForce RTX 2070 (opens in new tab) $365 216 $78,775.20 0.1862
GeForce RTX 2060 Super (opens in new tab) $370 163 $60,288.81 0.1760
GeForce RTX 2060 (opens in new tab) $282 441 $124,190.01 0.1960
GeForce GTX 1660 Ti (opens in new tab) $252 206 $51,903.76 0.1742
GeForce GTX 1660 Super (opens in new tab) $249 530 $131,864.00 0.1785
GeForce GTX 1660 (opens in new tab) $214 113 $24,235.11 0.1860
GeForce GTX 1650 Super (opens in new tab) $183 135 $24,715.80 0.1813
GeForce GTX 1650 (opens in new tab) $175 349 $60,924.93 0.1524
Radeon RX 5700 XT (opens in new tab) $449 883 $396,855.52 0.1640
Radeon RX 5700 (opens in new tab) $381 113 $43,075.60 0.1700
Radeon RX 5600 XT (opens in new tab) $294 189 $55,566.00 0.1976
Radeon RX 5500 XT 8GB (opens in new tab) $216 59 $12,769.96 0.1839
Radeon RX 5500 XT 4GB (opens in new tab) $160 29 $4,640.58 0.2093
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