The following is a short excerpt from the "2007 Trends and Forecasts Quarterly Update-Q1."
With U.S. regulators looking to revise fuel-economy standards amid concerns for energy security and greenhouse gas (GHG) emissions, the combined annual diesel and hybrid gasoline vehicle sales in the United States will be $2.7 million by 2012, according to a recent press release by Ricardo, a strategic consulting firm for the automotive industry.
U.S. consumers still love big vehicles, and even though gasoline prices are averaging $3.20 a gallon across the nation, they will probably continue to buy big vehicles, according to a recent article in The Detroit News. However, the article states that the overall U.S. market could drop slightly as some consumers wait until gas prices drop before making a new-vehicle purchase.
SEMA staff hosted a Focus Panel at the Old Bridge Township Raceway Park in Englishtown, New Jersey, in May to learn about consumer behavior. With the NHRA Springnationals and the D1GP both holding events during the same weekend, the venue attracted enthusiasts from the drag racing and drifting crowds and provided an opportunity for consumers and industry professionals to discuss important topics circulating through our industry. From opinions on product development to consumer-manufacturer communication, the event was a valuable learning tool for people on both sides of the isle.
According to a recent Consumer Reports poll, facing soaring gasoline prices, American car buyers definitely want more fuel-efficient vehicles but may not be ready to give up size, range, performance or other amenities to achieve that goal.
The links below represent members of the Light-Truck Accessory Alliance (LTAA) that sponsored the LTAA Industry Awards Reception held in conjunction with the SEMA Spring Expo and SEMA OFFROAD in Atlanta. For information on LTAA, visit www.sema.org/ltaa.
LTAA Industry Awards Reception Sponsors
SEMA-members companies have posted several new listings for job opportunities at www.sema.org/classifieds. Working for a SEMA-member company has many advantages. In addition to working for a company that supports and contributes to the success of the overall industry, being employed by a SEMA-member company enable the employee to participate in webinars, access free market research, join SEMA committees and more. The newest classified listings posted under Positions Available include:
Dates and locations for several upcoming SEMA-sponsored shows and activities have been announced. Details are:
>> SEMA Webinar: 10 Steps to Your SEMA Show Plan That Will Guarantee ROI and Success, June 10
>> Aftermarket eForum, Hyatt Regency O'Hare, July 16–18, Chicago
>> SEMA Installation Banquet & Gala Fundraiser, July 27, Irvine, California
SEMAs councils and committees are set to tee off on the greens of the Strawberry Farms Golf Club as part of Council Cup - Cash for Kids, a friendly game of golf to benefit children's charities. SEMA’s Automotive Restoration Market Organization (ARMO) and Hot Rod Industry Alliance (HRIA) have lead the momentum behind the inaugural SEMA Charity Golf Tournament and they’ve challenged other councils to follow suit.
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