So I noticed around 2012 that the quality of their gear, even though they always seemed to market themselves as a lower budget alternative, started to go down a little. It was things like their combo amps (I was working at a Peavey retailer at the time), felt like feather compared to the 'ole Bandit series from back in the early to mid 80s (I know the Black widow speakers had a lot to do with the weight factor). I also noticed that, for instance the Special 212, looked and sounded like a generic copy of the transtube Special 212. Then I looked a the back and saw the absence of the Made in the USA label.
I know I am a little late to the party with the whole Undercover Boss episode, and how they ultimately did nothing they claimed they would, shut the plant down, put loyal employees out of work, just a whole douche fest on the part of Peavey. So I get an email that they have a speaker sale. I look at a Q&A where someone is asking about the correct speaker as a replacement for their Bandit 112. The answer? "So many speakers sound so different. It's a matter of taste, I guess." This was from a PEAVEY EMPLOYEE. Do they just NOT like making money? It's no wonder they don't control the market share in the price range where they once ruled. I don't think with that attitude towards a prospective customer that any amount of moving manufacturing overseas will compensate from such a "I don't know, and furthermore, don't care that you want to spend money with me" approach to people.
What a joke of a once successful company.