Firm Aftermarket for Navigation Buoys U.S. Car A/V Business

摘要

Rising gasoline prices and interest rates are leading to a decline in new vehicle sales in the United States. That decline means fewer sales of car electronics for new cars. However, in the aftermarket, sales of car navigation systems continue to be strong. Audio-visual navigation (AVN) systems that combine the conventional navigation functions and car audio-video (A/V) products have caught on. At the same time, sales of simplified and portable navigation systems have been growing at a remarkable pace. Leading makers of car electronics are compensating for falling sales of head unit sections, including CD receivers, by increasing sales of car navigation systems.