San Mateo, CA (PRWEB) March 30, 2009
Economic indicators continue to predict a grim outlook for the overall economy in the coming year, but many manufacturers and retailers are responding to the environment with lower prices to entice consumers. The GPS market is one segment where prices have fallen dramatically in recent months likely due to a combination of consumer reticence, plunging automotive sales, and new state laws such as the one recently passed in California, which limits the placement of such units in automobiles. NexTag has monitored price ranges on several GPS models, including the incredibly popular Garmin Nuvi 850 with voice recognition, and announced that prices have reached record lows within its comparison shopping service.
Since December of 2008 the lowest price available at NexTag on the Garmin Nuvi 850 model has dropped by 23% (from approximately $450 per unit during most of December to a low price of $345 from NexTag sellers currently). Its cousin the Nuvi 260 fell from approximately $140 to a current low hovering around $120.
While automotive sales remain sluggish and consumers focus on necessities rather than luxuries, it's likely that the electronics market will continue to present shoppers with exceptional values this year. The question on most retailers' minds is whether the new stimulus bill will calm consumer fears and put sufficient money in their pockets to encourage them to once again spend rather than save. Current price drops, however, are tempting some to consider purchasing electronics they might once have thought well beyond their means.
Savvy bargain hunters are making the most of low prices and using NexTag's innovative price comparison tools to find serious bargains:
- Price Drops - A clear, concise 30 day overview of a product's value that shows shoppers the best current prices, price drop amounts and percentages.
- Price Alerts - For those who don't have the time to monitor price fluctuations themselves, NexTag offers the Price Alert tool. Users choose a product of interest, then type in their target price and the product condition. When a retail offer matches or falls below the target the user is immediately notified via email.
- Best Value - An easy way for shoppers to find the lowest price for an item in new condition from a highly rated, trusted NexTag seller.
- Free Shipping Alerts - Those retailers who forego shipping costs altogether are flagged so shoppers can save time and money on the best possible deals.
NexTag is the leading comparison shopping site for products, education, financial services, travel, automobiles and more. At the core of NexTag are proprietary technologies and algorithms that enable shoppers to quickly compare prices and find great deals on millions of products and services. More than 17 million people per month use NexTag to research, compare, and save on products and services online*.
NexTag has been named one of the "50 Best Websites 2008" by TIME magazine. The company operates comparison shopping sites in the US (NexTag.com), the UK (NexTag.co.uk), France (NexTag.fr), and Germany (NexTag.de). NexTag is headquartered in San Mateo, California with offices in London and Gurgaon, India.
- Source: Nielsen//NetRatings
pr (at) nextag.com