CEA forecasts an increase in spending on consumer electronics

10/25/2011 | Dealerscope

Holiday shoppers will spend 6% more on consumer electronics this season than they spent a year ago, the Consumer Electronics Association predicts in its annual forecast, released last week. The report found that consumers have earmarked an average of $246 per person for electronic goods, $14 more than last year's average, for a total of about 30% of all their holiday gift spending. "Consumer electronics factor more and more in holiday gifts. Consumers are saying 'enough is enough.' Consumers are ready to let their hair down, have some fun and buy some products," said Steve Koenig, CEA's director of industry analysis.

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