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Author Topic: Canon 5D Mark III - Price Drop Details  (Read 79980 times)

ramon123

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Canon 5D Mark III - Price Drop Details
« on: March 06, 2012, 08:00:36 AM »
1. When will Canon drop the price of the new 5D Mark III?

2. What price will it drop to eg. $2999

3. Your thoughts


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Canon 5D Mark III - Price Drop Details
« on: March 06, 2012, 08:00:36 AM »

tt

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Re: Canon 5D Mark III - Price Drop Details
« Reply #1 on: March 06, 2012, 08:32:08 AM »
1. When will Canon drop the price of the new 5D Mark III?

2. What price will it drop to eg. $2999

3. Your thoughts



Canon won't drop the price for a couple of years. The dealers/resellers might.
In 1-3 no the the price might drop by $100 or so but it's going to be near $3000 for a while of its anything like the course the 5D MkII took

smirkypants

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Re: Canon 5D Mark III - Price Drop Details
« Reply #2 on: March 06, 2012, 08:37:17 AM »
There is always an initial rush. In the first several months you are going to have to pay full retail price. As supply catches up with demand, certain dealers will begin to drop prices a little.

But keep in mind: if the camera is great, demand is likely to remain high as the more careful shoppers who waited for early reviews begin to make their purchases. If the price drops too quickly, there's something wrong.

Don't expect any discounting until the Christmas shopping season.

awinphoto

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Re: Canon 5D Mark III - Price Drop Details
« Reply #3 on: March 06, 2012, 09:03:25 AM »
I wouldn't expect any price drops until MAYBE christmas rush, but that may even be a kit only rebate, not camera only... camera only maybe next spring.  They typically wont drop more than $100 per canons mantra, however dealers may drop more depending on supply and demand and how quickly they are turning them over... Good luck waiting if that's your choice... 
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nehemiah

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Re: Canon 5D Mark III - Price Drop Details
« Reply #4 on: March 06, 2012, 09:12:53 AM »
Unlike many things in life, the answer here is fairly clear. 

Don't wait for price drops on this camera if you want it.  You may save very little, your time monitoring will add up to a fair amount of time wasted, and the money saved will not nearly add up to the pictures you missed and the delay in the familiarization with the new camera.

Jim K

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Re: Canon 5D Mark III - Price Drop Details
« Reply #5 on: March 06, 2012, 09:15:26 AM »
It took the 7D quite a while to drop in price and then it was only $100 so I would not be waiting for the $2999 5D3 if you are looking at a purchase in the next year and a half.
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pz-photography

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Re: Canon 5D Mark III - Price Drop Details
« Reply #6 on: March 06, 2012, 09:23:27 AM »
Unlike many things in life, the answer here is fairly clear. 

Don't wait for price drops on this camera if you want it.  You may save very little, your time monitoring will add up to a fair amount of time wasted, and the money saved will not nearly add up to the pictures you missed and the delay in the familiarization with the new camera.

I have to agree on this! But I also got the info from a friend who works at a local dealer that the base price from canon is not that high, so maybe you can get an instant rebate when the camera comes out. At least my other dealer (and also good friend of mine) told me that we could squeeze the price a little bit when their numbers come in from canon.
The friend who knows the base price also told me that he might get it soon with his working rebate for around 2600€ (its 3300€ right now in germany). But I dont think thats realistic.....He only gets like 5% normaly and I don't think theprice will drop under 3000€ anytime so, which is why I'm in top of the preorder list @ calumet germany :)
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Re: Canon 5D Mark III - Price Drop Details
« Reply #6 on: March 06, 2012, 09:23:27 AM »

justsomedude

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Re: Canon 5D Mark III - Price Drop Details
« Reply #7 on: March 06, 2012, 09:23:52 AM »
My friend just pulled out his 5D2 receipt which he ordered a year after launch... and it was the same exact price on launch day.  :P

traveller

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Re: Canon 5D Mark III - Price Drop Details
« Reply #8 on: March 06, 2012, 09:48:09 AM »
I think that the answer to the questions you pose is dependent upon how well the 5D MkIII is selling.  If people are buying the MkIII at the same rate as they bought the MkII, then I don't think that Canon will have any incentive to reduce the price for at least a couple of years.  If the 5D MkIII is not selling well then Canon may choose to reduce the price to perhaps match the D800, or slightly undercut it. 

A lot also depends upon your location; in the USA, launch prices are usually pretty close to "mainstream" prices, until you get three years or so down the road and into "run out" prices.  In the UK, launch prices are generally quite a bit dearer than "mainstream".  However to reiterate nehemiah's view, the price drops are unlikely to be great enough to recompense not having the camera for a year; if you can afford it today, order it today. 

unfocused

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Re: Canon 5D Mark III - Price Drop Details
« Reply #9 on: March 06, 2012, 10:19:17 AM »
A few random points.

Given that the 5D III immediately shot to the top of Amazon's best seller list on announcement and has remained there ever since, (Current #1 among DSLRs and #2 among all cameras and photo) it doesn't seem like there is much need for Canon or retailers to reduce the price to boost sales.

If you look at the Canon Price Watch price history charts, you'll see that the Mark II remained pretty consistent in price right up until last Christmas shopping season. It would drop to about $2,400 during rebate times and then climb back up to about $2,500 during non-rebate periods.

Some of the other comments on this thread raised a question for me. I wonder if Canon is offering their retailers a bit larger margin on the 5D III than they have in the past. Many people have assumed that Canon is taking all the profits from the price increase, but given some of the statements on this thread, I'm now wondering if they might be forcing a higher retail price in order to boost margins for their resellers. Resellers have been badly squeezed over the past several years and giving them a bit of an extra margin might be a powerful incentive to boost brand loyalty in the front lines.

Finally, and I wish I could recall the exact details of this, but shortly after the 7D came out, Canon ran a small, not well-publicized promotion for registered users of their DSLRs that offered a small direct rebate from Canon if you purchased a 7D and sent them proof of purchase. I think I saved something under $100 through the rebate, which was better than nothing at the time.  If your current cameras and lenses are registered with Canon, you might want to watch your inbox. I have no idea if they'll repeat, but it's worth watching for.
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x-vision

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Re: Canon 5D Mark III - Price Drop Details
« Reply #10 on: March 06, 2012, 11:52:42 AM »
Here are my predictions:

$2999 this Christmas
$2499 next Christmas

The 5DIII will be in better supply than the 5DII, so the price drop will be quicker.

5dmk.iii

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Re: Canon 5D Mark III - Price Drop Details
« Reply #11 on: March 06, 2012, 11:57:50 AM »
Here are my predictions:

$2999 this Christmas
$2499 next Christmas

The 5DIII will be in better supply than the 5DII, so the price drop will be quicker.

Agree on 3k this winter. Can't see it falling further. Canon does not slash prices... it actually protects the values of used gear too...

eeek

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Re: Canon 5D Mark III - Price Drop Details
« Reply #12 on: March 06, 2012, 12:54:26 PM »
There is no way it will be at $3,000 by Christmas.  Not going to happen.  It'll be $3,500 body only.

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Re: Canon 5D Mark III - Price Drop Details
« Reply #12 on: March 06, 2012, 12:54:26 PM »

MaGiL

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Re: Canon 5D Mark III - Price Drop Details
« Reply #13 on: March 06, 2012, 01:32:51 PM »
In holland it took about 12-15 months before any significant price drop of the mkII.

awinphoto

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Re: Canon 5D Mark III - Price Drop Details
« Reply #14 on: March 06, 2012, 01:52:39 PM »
There is no way it will be at $3,000 by Christmas.  Not going to happen.  It'll be $3,500 body only.

+1 unless this camera becomes a dud and stops selling well, be prepared to see $3500 for a while.   
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Re: Canon 5D Mark III - Price Drop Details
« Reply #14 on: March 06, 2012, 01:52:39 PM »