Garmin continues to dominate the North American PND market with a 55% market share, well ahead of TomTom’s 18%, Magellan’s 13%, Navigon’s 4% and Mio’s 3% in the 2nd quarter of 2008. Garmin has widened its gap significantly since the first quarter when it only had a 23% gap on TomTom, now a full 37%. Back at the end of 2007, they held only a 9% lead. Research group NPD says this is all thanks to strong sales of Garmin’s 2xx-series PND’s. This is great news for Garmin, a company who’s suffered big hits on Wall Street this year, shrinking profit margins, and poor consumer spending in the United States.
PND prices also continue to drop like weight off a fad-diet-of-the-week fanatic, now averaging US$236, a 33% drop from this time last year.