A Year In Review
Spignola estimated that manufacturer appliance shipments in 2008 will be up 0.8 percent over 2007, with the AHAM 6 growing 1.2 percent. But for Spignola a deciding factor in 2008, beyond housing, will be the credit available to consumers for big-ticket purchases. “For next year, I think consumer credit is going to be real caveat to watch,” she said.
The credit crunch hit the industry in various, subtle ways. In early 2007, Circuit City announced it was exploring options (including sale) for its InterTAN operations in Canada, but the company doesn’t think anything will happen until after the holidays. In November, PRO’s Workman reported some evidence of “credit-tightening” within consumer no-interest financing programs.