PriceSCAN Press Release
2/20/09
Automotive GPS – Voice Recognition Index continues decline
PriceSCAN Vice President of Financial Products Daniel Fehder commented that our Automotive GPS – Voice Recognition Index decreased 2% last week and 6.3% since their brief spike in the first week of 2009.
Jeff Trester, PriceSCAN Co-CEO and Chief Economist, noted, “In the absence of support from gasoline prices, a weak auto market and general softness in electronics retail continue to pummel automotive GPS prices. Barring a rise in the price of gas, which would increase the cost of driving around lost, the recessionary environment may well continue to depress auto GPS pricing.”
About The PriceSCAN Manufactured Product Indices
The PriceSCAN Manufactured Product Indices are a set of 50 indices tracking a broad array of finished good prices at the retail level. The PriceSCAN indices are carried on Bloomberg's data service under the ticker symbol PRIC and are available on PriceSCAN.com’s website at http://www.pricescan.com/indices. PriceSCAN.com also makes available customized data packages for clients in the financial, technology and retail communities.
About the PriceSCAN.com Econometric Team
Dr. Jeffrey J. Trester is Co-CEO and Chief Economist of PriceSCAN. After graduating MIT and attending Yale for graduate studies in theoretical physics, Dr. Trester received his PhD in financial economics from the Wharton School. He has also served on the Philadelphia Federal Reserve Bank’s Business Council. Daniel C. Fehder is Vice President of Financial Products at PriceSCAN.com. A graduate of Harvard and University of Pennsylvania, he can be reached for comment at analytics {at} pricescan.com
About PriceSCAN.com, Inc
Founded in 1997, PriceSCAN.com is a comprehensive price and product comparison service. Millions of consumers a year have used PriceSCAN.com to bargain hunt. In addition to price comparison, PriceSCAN.com offers objective vendor ratings, a price focused technology blog, user reviews, price trend graphs, and email price target alerts.
