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Article: Navigation business is down but not out. (Mobile Electronics).
- Article from:
- TWICE
- Article date:
- November 4, 2002
- Author:
CopyrightCOPYRIGHT 2002 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Navigation sales are expected to remain flat or drop off this year as high prices and an uncertain economy stall the market, according to suppliers and retailers.
Sales are expected to hover below 30,000 units with no great catalyst in sight to boost the market, suppliers said. On a long-term basis, however, nearly every supplier continued to claim that navigation will eventually take off.
"The category is very slow, slower than last year. There seemed to have been a sell-in but then the [stock] market had problems, which affected the whole industry," Blaupunkt engineering director Jim Frazier said. "When people have that kind of money to spend on ...