The recently released 2022 SEMA Market Report includes 90 pages of new data on vehicle sales and the specialty-equipment industry from January – December 2021. Below, is a chart from the market study that shows new vehicle sales and its forecast.
While dealers are selling vehicles as fast as they can get them on the lot, production shortages and shipping delays depleted vehicle dealership inventories down to historic lows. Estimates do anticipate new-vehicle sales returning to pre-COVID levels by 2023/2024. Download the full report at www.sema.org/research for more information.