By Ashley Reyes
New research from SEMA finds that new-vehicle sales finished at 13.7 million units in 2022, roughly 1.2 million units below 2021 levels. Due to supply shortages, high prices and rising interest rates, it will likely take until 2025 before things return to pre-pandemic levels.
The findings come from the "SEMA Future Trends – January 2023” report, which provides a detailed analysis of where the industry is headed, including updated forecasts on the future of the specialty-equipment market, overall economy and vehicle trends. Filled with 69 pages of data, the report is a go-to guide for SEMA members to make more informed business decisions this year.
Available for download at www.sema.org/research, the report includes information on:
- How industry performance has changed over the past few years.
- Where the U.S. economy is going.
- Insights on automotive sales and vehicle trends.
- How the industry is evaluating the EV market.
- New data on aftermarket trends and opportunities.
Additionally, members can access the recorded webinar featuring SEMA research analysts explaining what the report findings mean. Start discovering new business opportunities.
Watch the webinar and download the report now.