PriceSCAN Press Release
10/6/08
LCD TV Prices Fall Fast in Advance of Holiday Shopping
PriceSCAN Vice President of Financial Products Daniel Fehder commented that our 40 inch 1080p LCD Index dropped 12% in Q3 2008 including a drop of 6% in September alone. In contrast, the index only declined 6% in Q2 2008 and 0% in Q1.
Jeff Trester, PriceSCAN Co-CEO and Chief Economist, noted, “This is a fairly stunning drop in the price of state of the art high-definition televisions of a size sought by many households. One would have to consider 40 inch 1080p LCD televisions a bellwether of the consumer electronics market, so this current accelerating price decline may be indicative of the economic slowdown and financial crisis affecting the retail sector. This is obviously not a good sign for the strength of the coming holiday shopping season.”
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.
