A Year In Review
Back in July, Consumer Electronics Association (CEA) researchers estimated the industry would see an 8.2 percent increase in 2007 over 2006 to reach $160 billion in wholesale revenue. That compares to a blockbuster 13.9 percent increase 2006 vs. 2005, and 10 percent annual increases during 2003 and 2004. By mid-November, CEA Economist Shawn DuBravac thought the mid-year estimate would hold, barring major price competition in digital camera and flat-panel TV categories.
The year was tough, but most dealers remained fairly positive about moving ahead. They said they are aware of the economic impacts and are working to create more effective business models as they enter a new year.