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The thing that is really crazy these days is how expensive even new built AKs are compared to ARs. Back in the late 1980s and early 1990s AKs were dirt cheap, with the exception of a few like Galil and Valmet. And ARs were super expensive. Poor people like me had AKs and stuff like Mini-14s which were also cheap. Now ARs are dirt cheap and plentiful and Mini-14s are shockingly expensive for what they are. Minis I guess can be partially attributed to no competition since Ruger is the only major builder of that platform. But AKs should have the same low barriers of entry as ARs so I don't understand why they are so much more expensive than they used to be. For a while it could be attributed to the import bans from China and Russia, but if AR parts can be made domestically it seems like AK parts should be even easier since they were designed to be made by Ivan on low tech 2nd world equipment.
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I see a couple of factors driving prices up and it's not just AKs. ARs have gone up in price and really any evil looking weapon is going up in price. Handguns don't seem to be too affected though.
First up for cause is Biden and the new administration. No one knows what anti-gun legislation he's going to get or what it will look like, but it's a given that he will aim directly at AKs and ARs (using his bitch Beto for guidance) and this has created a buying frenzy for all guns. I think the pathetic hope is our current stuff will be grandfathered as a concession -
we'll let you keep what you have, but they have to be registered and no new ones available to the public. That, incidentally, is just another slow step toward confiscation, IMO. So, people are going to want to get whatever they can in the way of ARs and AKs and the ones that have them already are reluctant to sell or demand a high price...high demand, low supply = high prices.
The second thing I believe is driving prices up is availability. Other than PSA and possibly Century, US manufacturers have stayed away from the AK market, and even then they've struggled with making quality and reliable AKs that match those made by peasants in 3rd world countries. That leaves AKs made by former commie countries. And who's left? Bulgaria, Poland, Yugoslavia, and Romania. These trickle in and are relatively expensive compared to what they used to go for. But, we are willing to pay those prices too, so why should they offer them for less or make more?
I don't think the price explosion you see with the AKs hit the AR market because of supply - it seems like every swinging dick makes ARs or parts for ARs. As they compete against each other, prices are low. They've only increased lately because of the fear there will be no more to defend ourselves against the likes of BLM or ANTIFA and that has really stripped manufacturers of their supply.