PriceSCAN Press Release
11/11/08
Steep Decline for Automotive GPS in September and October
PriceSCAN Vice President of Financial Products Daniel Fehder commented that our LCD 50 Index has dropped 6% since the beginning of October, but the Sharp component of our index has seen a 12% decline over the same period.
Jeff Trester, PriceSCAN Co-CEO and Chief Economist, noted, “In an LCD market that’s showing rapid overall price deterioration, it appears some brands are being marked down more quickly so as to preserve a competitive position at the low end of the price range. The greater price cuts for Sharp screens may be an example of getting ahead of the curve, and a harbinger of things to come for LCDs in general.”
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.
