PriceSCAN Press Release
10/28/08
Steep Decline for Automotive GPS in September and October
PriceSCAN Vice President of Financial Products Daniel Fehder commented that our Blu-ray DVD Index dropped 3% last week adding to a 7% drop so far in October.
Jeff Trester, PriceSCAN Co-CEO and Chief Economist, noted, “Blu-ray players continue to search for a price bottom as we enter the holiday shopping season, and so far without success. Some of this may be due to limited consumer interest in the technology and/or competition from online alternatives like Netflix’s Roku. However, in the context of the overall retail weakness we’re seeing right now, one has to be concerned this is an indicator of soft demand for leading edge consumer technology. It will be interesting to see whether this decline follows through to the Blu-ray equipped PlayStation 3, who’s pricing Sony has so far held firm.”
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.
