CE retailers have hit a new high mark in our monthly Dealerscope CE Retail Confidence Index (DS Index). Heading into the new year, the DS Index score rose a little more than 7 points to reach an all-time high of 206.47. That eclipses last year’s high of 203.56—also set in the month of January. Following the year over year trends, Dealerscope anticipated that the DS Index, which has been on a tear over the past four months, would continue to climb and potentially hit a mark not previously seen in the survey’s history.
According to retailers who participated in the survey, the rise was credited to things like the improving economy, a long list of projects in the queue, and the anticipated boost in spending from the pending tax cuts that recently were signed in to law by President Trump.
“Consumer confidence is at the highest it has been in the past five years,” one retailer said. “Also, they are shopping for premium product,” which has helped boost average sale price for some retailers.