The GPU Price Index: Still Waiting for the Crash

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The GPU Price Index: Still Waiting for the Crash

Our GPU price index tracks 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 track current Nvidia Ampere and AMD Big Navi generation GPUs, and also provide monthly updates on the previous generation graphics cards.

The volatility in Bitcoin and Ethereum prices continued, and the latest China crackdown on cryptocurrency trading at any level caused the expected tumble in prices. Ethereum is now below $3,000 for the first time in a while, and Bitcoin is approaching the $40K mark. It’s a bit too recent to have impacted graphics card prices, but if the current trend continues we could see more GPUs start showing up on sites like eBay.

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We’re looking at the past two weeks of data for the latest generation graphics cards, for the middle weeks of September. We check eBay’s sold auctions, filtering for junk data and confining results to actual real GPUs (as much as possible). Some junk listings may slip through, but we’re mostly looking at the overall trends.

With no 17,000 Nvidia Founders Edition GPU restock at Best Buy supplying scalpers with extra cards to sell, unit sales on nearly every Nvidia GPU are down compared to our previous update. The total number of Nvidia cards sold dropped by 15%, with the RTX 3080 Ti being the only card to buck the trend, selling 4% more cards than last time. AMD on the other hand showed overall growth of 16%, thanks mostly to the 60% jump in the number of RX 6600 XT cards sold.

Total sales for Nvidia cards in dollars spent (on eBay) dropped by 16% as well, while money spent on AMD GPUs increased by 10% — more people were buying the cheaper cards, basically. Nvidia GPU prices remained mostly flat, though the RTX 3090 average price went up 5% while the RTX 3080 Ti average price dropped by 3%. AMD GPUs in contrast showed larger swings. The RX 6900 XT average price dropped by 6%, the RX 6800 XT, RX 6800, and RX 6700 XT all increased in average price by 4–7%, and the RX 6600 XT price dropped by 2%.

This is one of the few times where any of AMD’s RX 6000-series GPUs outsold multiple Nvidia’s RTX 30-series cards. It’s also the closest AMD has been to Nvidia in terms of market ratio. Nvidia still outsold AMD by 4.7 GPUs to 1, but that’s a lot better than previous updates where the ratio was 6 to 1 or more. Money spent on GPUs still favors Nvidia by 7.2 to 1, though.

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