By Lisa Johnston
New products on display at the American International Toy Fair, held in N
Washington — Factory shipments of major appliances surged 11 percent in March, to 7.3 million units.
According to data from the Association of Home Appliance Manufacturers (AHAM), every major product sector contributed to the U.S. increase, with laundry pairs up 5.1 percent; refrigerators up 5.4 percent; ranges, ovens, cooktops and microwave ovens up 8.9 percent; dishwashers up 14.1 percent; and ACs up 23.9 percent.
Shipments were also ahead 5.4 percent year to date.
“We are seeing evidence that the recovery in the housing market is finally generating increased consumption of appliances,” observed Electrolux’s Keith McLoughlin, while Whirlpool’s Jeff Fettig said he anticipates “moderately higher revenue growth due to continued strength in U.S. housing and improving demand trends internationally.”
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.