By Ashley Reyes
SEMA's inaugural General Membership Meeting at the 2023 SEMA Show provided business members with essential knowledge on the state of the industry, year-round benefits and the association's latest initiatives to help aftermarket businesses grow and succeed. Following is a recap of information covered during the event.
"Economic Impact Report"
SEMA released its first-ever "Economic Impact Report," illustrating the significant impact the industry has on America's economy and what it means for people across the country. Findings include that the total economic output of the automotive aftermarket industry is $336 billion. It supports 1.3 million jobs, pays $104 billion in total wages and $41 billion in taxes. Additionally, consumers spent $52 billion on specialty automotive aftermarket products in 2022.
This is important because it helps SEMA educate legislators about the contribution the industry makes to the American economy and the negative impact harmful legislation can have on the automotive aftermarket.
Advocacy
SEMA advocacy activities are grounded in the association's commitment to safeguard the interests of the automotive specialty-equipment market and performance racing industries.
SEMA's experts in Washington, D.C., have seen firsthand how the decisions made in Congress and the halls of state capitols can have a lasting impact on the association's members and the industry more broadly—from how automotive aftermarket products are made, distributed and marketed. That's why the public and government affairs team is advocating for policy issues that are core to the association's mission by ensuring policymakers hear a clear, strong and unified voice representing not only SEMA members, but also the specialty-equipment industry and auto enthusiasts.
Learn more about key advocacy issues and how best to support here.
Current Initiatives and the Future of SEMA
SEMA is focused on building and fostering communities of impact.
Part of that effort this year focused on SEMA Individual Membership to help galvanize and strengthen SEMA's collective reach by creating a space for enthusiasts to be a part of the Association.
Joining Industry Communities, Councils and Networks
SEMA members are invited and encouraged to increase their involvement and participation in the industry by volunteering for a leadership role. Volunteers are vital to shaping the industry and addressing issues or concerns. When you raise your hand to volunteer, you'll receive leadership development training and work with SEMA staff to build community within your market segment or group. Our volunteers create awareness with legislative leaders, identify challenges and develop solutions to strengthen the industry. Most of all, you will be contributing to and be a part of something bigger. Learn more today!
Additionally, SEMA assembled a task force to understand how the association can reach and welcome new and diverse members. Looking to the future, SEMA aims to continue to reach new audiences, grow membership and create a welcoming environment for everyone who wants to be a part of the SEMA community.
Your Membership
SEMA is continuously releasing new content and benefits to provide the marketplaces and tools that address the needs of its members and industry. Take full advantage of your membership by accessing free market research reports and education, as well as exclusive discounts on services from SEMA Data, SEMA Garage and the online SEMA Career Center. More information can be found here.
Have questions about SEMA Membership? Contact the SEMA Membership Team at 909-610-2030 or member@sema.org.