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Finding Financing
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This series of SEMA News stories is based on the idea of using reliable and repeatable methods to ensure business success. In coming issues, we will delve into a range of topics aimed at developing Best Practices through knowledge, motivation and skills.
Money has been tight for more than two years. Small businesses were especially hard hit by the recession that began late in 2007, with some estimates indicating that companies suffered sales losses ranging from 10% to 40% or more. The resulting constriction resulted in layoffs, cutbacks, inventory reductions and consolidations that made a bad situation even worse for businesses that were on the bubble between solvency and bankruptcy. Some did not survive.
Mobile-Electronics New Products
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At the 2009 SEMA Show, 10,603 buyers filled the aisles looking for the latest mobile-electronics products and innovations. To satisfy their appetites, 102 exhibitors in the mobile-electronics section turned attendees on to the newest gadgets driving the custom audio, video and portable infotainment accessories industry. Buyers were clearly interested in grabbing information on the latest technologies and accessories, scanning the barcodes of mobile-electronics products registered in the New Products Showcase more than 4,500 times during the Show.
Tapping Trends: Knowledge Is Power
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Market conditions dictate how companies develop their operating strategies. Evaluating the business environment becomes increasingly important when the economy goes through the kind of turbulence we’ve seen over the past two years. Part of SEMA’s mission is to help member companies assess current conditions and make choices based on hard facts and real trends. The association’s market research programs have been developed and honed to provide that type of real-world analysis. The most recent of these initiatives—the Enthusiast Opinion Leader Program—was unveiled at the 2009 SEMA Show as an exclusive benefit free of charge for members who exhibited or attended the Show. The program is yet another example of the added value realized by SEMA Show participants.
Trendspotting
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In an effort to better analyze the tastes and preferences of today’s auto enthusiasts, SEMA, in coordination with Ford, launched the Enthusiast Opinion Leader Research Program at the 2009 SEMA Show.
The program invited 527 enthusiasts, selected through a rigorous application process, to the second day of the Show and tasked them with using social media, including Twitter and Facebook, to broadcast their personal product and trend highlights of the Show.
Vehicle Connectivity
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Every modern vehicle is dependent upon electronics. From the engine’s ignition to sound systems, from safety sensors to climate controls, electronics have become integral to how vehicles operate and how their drivers perceive the on-road experience. And now electronics from outside the vehicle are resulting in a whole new wave of connectivity.


The

SEMA News recently had the chance to catch up with long-time manufacturer and ProPledge participant Check Corporation. We spoke with Brian Champa, the company’s national sales manager, to learn a little more about its products and about ProPledge program benefits the business has realized over the years.









