PriceSCAN Press Release
1/15/09
2% Increase in Automotive GPS with Voice Recognition Index This Week
PriceSCAN Vice President of Financial Products Daniel Fehder commented that our Automotive GPS with Voice Recognition Index increased 2% last week after declining 4.5% over the holiday shopping period.
Jeff Trester, PriceSCAN Co-CEO and Chief Economist, noted, “Lower oil prices reduce the cost of driving around lost, and hence lower the value of GPS units. Combined with general holiday retail weakness this resulted in a considerable decline in GPS pricing. Now, however, some inventory drawn down and recent hikes at the pump seem to have lead to a post-holiday firming of GPS prices.”
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.
