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Karl’s Appliance Store General Manager Ralph Ceballo on consumer spending on durable goods such as appliances.
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Get to gasoline prices could suddenly it's gotten and the collective brain of everybody talking about -- on the street at the water cooler.
Are the rising gasoline prices the reason that orders for durable goods user products.
From refrigerators to cars big ticket items the last of three to five years or more we help.
They dropped in January by the largest amount in three years let's take it Ashley Webster whose act Karl's appliance -- Paramus New Jersey it.
Looking at the Stubbs in the viking ranges -- the wolf ranges and all of that but it is there a correlation between high energy prices and lower sales of those products behind you.
Well -- That's a good question is a lot of those durable gone out -- numbers as you mentioned dropping 4% generate a lot more -- times more of a drop them was estimated but the that was businesses businesses.
Trying to beat the expiration of a tax credit at the end of December.
And also the fact that they've been building up their inventories but what about the consumer what about those high gas prices how it relates to the sales of appliances and joining me now is routes of bio he is the manager here -- calls and Ralph thank you so much for joining us -- Let's get right to -- -- how is business now if you notice to turn around go rob people still pretty.
Did well conservative with their spending.
Actually despite of what's people say I think that I -- -- big big growing trends on big ticket items.
We're standing in front of range that we sell about four of them a year and it's actually pretty good I'm very -- positive -- have a pass the divided to.
So as the economy and is great.
It's actually great have you as a business have to perhaps provide more options for consumers as far as financing and if you had to work with the manufacturers trying to it'll more wiggle room.
That is correct that is correct more more consumers are showing a positive attitude towards purchasing but they just one more options for example you know twelve months finances they eighteen months and you -- we offered here -- this is excellent.
If so we've been talking at Liz was talking about -- high gas prices could really put the brakes on the economy if we can see continue to see those rise have you heard any -- -- that affect not at all actually consumers are.
Getting in their cars going to the malls going in to -- stores.
It is great I have a very very positive attitude when I believe that economy's turnaround.
Very good -- pure optimism we stay -- cup for -- quickly it is that I want you to look at this particular item here.
Ralph mentioned that they sell free -- five of these a year.
Just this middle section 35000.
Dollars it is handmade in fronts if you wanna throw in a cabinet.
On each side -- 8008 so the whole shebang here at 51000.
Dollars is delivery free room.
There was another 454100.
Took delivery my goodness a -- seemingly its 50% down -- -- evidence in relation to that but that above that plug it in yeah exactly sell for a fight the yen I think that's pretty impressed or.
Five -- year well that's because of -- -- the home and cooking shows now everybody thinks they're you know Iron Chef.
Good for them -- thank you very much of actual.
