Trends

Trends for 2015

A Look to the Future With SEMA Council Leaders

SEMA News annually turns to the leaders of the association’s councils and networks for the January issue to seek their views about how the industry is shaping up for the coming year. The chairs of each group provide responses based on what their organizations and companies are seeing within their marketplaces. Their responses provide helpful insights for businesses in every segment of the marketplace.

Tire Industry Debut

This year’s SEMA Show included a specially designed, purpose-built headquarters for the tire industry. A show within a show, the Global Tire Expo—Powered by Tire Industry Association (TIA) was created to focus attention on tire-industry innovations and opportunities. Judging by the positive reactions of all involved, the Expo concept turned out to be a great idea.

In the Round: Market Trends in Tires and Wheels

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The economy and the environment have been the major drivers for many markets over the last three years, and they have also been consistent topics of conversation among tire and wheel experts. The tire industry underwent a sort of accordion buckling in inventory as the economic slowdown led consumers to balk at anything other than critical expenditures and then pent-up demand caused a sudden resurgence.

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Truck, SUV and Off-Road Trends

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The entire automotive landscape has changed over the past two years, but the effects of higher fuel prices and a deep recession may be most evident in the truck, sport utility and off-road segments of the industry. Super-sized SUVs have been particularly hard hit, with sales dropping precipitously and one previously vaunted brand vanishing into the dust of a receding market. Still, while ruts and rocks obscure the way, brighter vistas are coming into view.

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2008 Trends and Forecasts - Q4 Update

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The specialty-equipment industry took a hit in 2008 as consumers scaled back their purchases—new vehicle sales dropped 35% during the third quarter alone, for example—but depending on the type of consumers analyzed, spending varied significantly. “Mainstream” consumers, those less likely to view automotive customization as a hobby or lifestyle, were often targeted by specialty-equipment companies as they began marketing to the general vehicle-buying public. As consumers, in general, cut back on new-vehicle purchases and subsequent personalization of newly acquired vehicles, much of the specialty-equipment industry suffered.

  

  

  

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2008 Trends and Forecasts - Q3 Update

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The third quarter of 2008 took quite a beating—gas prices skyrocketed, vehicle sales dropped, consumer confidence tanked—but depending on what type of consumers being considered, things may not be as bad as one may think. Sure, consumers, in general, felt less optimistic during the summer months, but those that are considered “enthusiasts” may have helped keep the industry moving forward. Throughout the pages of this report, several sets of statistics from surveys and industry sources will help to provide an overall snapshot of Q3 2008.

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2008 Trends and Forecasts – Q2 Update

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The 2008 Q2 Quarterly Update offers readers an update to some regularly occurring items: new-vehicle sales and forecasts as well as the SEMA Performance Parts and Accessories Demand Index (PADI). However, the third section of this report offers something new: insight into how SEMA members rate business trends, which serves to benchmark the activities of the current specialty-equipment industry.

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