4 Predictions for Consumer Electronics Retail in 2019
The year 2018 was, for all intents and purposes, a major rebound year for the consumer electronics retail industry. After a rough 2017, which many had dubbed the year of the retail apocalypse, this industry put its head down over the past 12 months and proved why it’s still a viable industry. Consumer confidence trended higher throughout the year, which translated to more spending year-over-year. The same could also be said about our own Dealerscope CE Retail Confidence Index in 2018. Retailers in the space were, on average, more confident throughout 2018 than they were over the 12-month period prior.
So, as we enter our third full calendar year’s worth of CE retail confidence data, what should we expect to unfold throughout 2019? With such positive performance leading into this new year, is the industry set up for a major letdown? Are expectations to high for the industry?
We can certainly sit here and pontificate about all of the great things that may or may not happen. But with the trove of data that we have available to us, we like to ground ourselves in numbers here at Dealerscope. So, much like we did last year at this very same time, we looked to the data to try to uncover some of the realistic trends that we expect to see occur throughout 2019.