Shop Talk: Ed Kelly, President, Nationwide Marketing Group
“Overall, I feel 2007 is going to be a good year. I don’t see prices in the appliance industry coming down. In fact, we’re seeing price increases because of metal costs and different things. 2007 may not be as robust as the last couple years because of new housing starts, but 70% of our business is replacement so that stays consistent. Consumer electronics will sell well, though I don’t know how profitable it will be. We’ve got to be fast on our toes this year not to get caught with high-priced electronics inventory.”
Read many more New Year’s Predictions in the special January/ CES 2007 edition of Dealerscope.