Audio product sales up in April
Music Industry News - as it happens
Source: Mi2N - June 19, 2002
Manufacturer-to-dealer sales of audio products grew to more than $579
million during April 2002 - an increase of seven percent compared to the
same period of 2001, says the Consumer Electronics Association (CEA).
Increased dollar sales of systems and aftermarket autosound products were
largely responsible for the overall increase, says the CEA's Sean Wargo,
going on, "Factory-to-dealer sales of aftermarket autosound products
increased by more than 21 percent to $201 million and dollar sales of
systems increased by 18 percent to $145 million. Year-to-date dollar sales
of aftermarket autosound also increased to nearly nine percent over 2001, to
Manufacturer-to-dealer sales reached $109.6 million during April, in-dash CD
players were the largest audio category in terms of revenue and with it,
"healthy interest in better sound through speaker upgrades and amps is
growing the aftermarket sector," he says.
"In fact, sales of power amps increased during April by nearly 20 percent to
$31 million, and manufacturer-to-dealer sales of flushmount speakers
increased by 25 percent to $19 million, with the biggest push coming from 6
1/2-inch speakers. Separate bass speaker sales also were on the rise during
April, posting gains of 44 percent to $13.5 million, due predominately to
sales of 12-inch subwoofers."
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