twice connect

Audio Sees May Sales Rise 9.4%

A strong surge in May factory sales of compact and component stereo systems and a double-digit rise in aftermarket autosound produced the first monthly increase of the year for total audio industry sales and nudged the five-month cumulative sales total slightly ahead of last year.

According to CEMA figures, total audio sales for the month rose 9.4% to $655.8 million from last year's $599.6 million, to put the five-month total at just under $2.8 billion, up a scant 0.6% from the $2.78 billion recorded in the same 1998 period.

Compact and component audio systems provided the bulk of the month's sales rise with a 43.8% jump to a May record $176.2 million, for a January-May cumulative sales total of $651.4 million, up 9.3%. The rise in system sales more than offset the month's 7.1% drop in sales of individual components to $104.4 million, and put May sales of total home audio products at $288.6 million, up 19.5%.

Through the first five months component sales declined 6% to $521.8 million from 1998's $555.4 million, a total boosted by $8.37 million with the retroactive addition of sales of home MiniDisc recorders. That, combined with system sales, put the cumulative five-month home audio sales at $1.17 billion up 1.6%.

Portable audio sales suffered the sixth consecutive monthly sales decline in May, with a 4.5% drop to $193.4 million. The five-month sales total of $717.9 million was off 13.7%.

The industry's other growth area, aftermarket autosound, had a 12.1% May sales rise to $181.9 million, to lift the five-month total by 13.6% to $905.9 million.

Based on traditional selling patterns, the seasonally adjusted annual selling rates for audio systems and aftermarket autosound indicate that each is on track to turn 1999 into their first-ever $2 billion sales year.

Ultra HD OLED TVs In IFA Spotlight

At IFA, all Ultra HD makers are quickly expanding

Jack Wayman, the Father Of International CES

Tributes continue to pour in for Jack Wayman, who

Nationwide PrimeTime 2014

Scenes from Nationwide PrimeTime buy fair held in

ProSource Meeting Filled With Optimism

San Antonio — Optimism reigned at ProSource’s

Ingram Draws 500 To Spring Vendor Expo

Scottsdale, Ariz. — Ingram Micro Consumer