SEMA eNews Vol. 22, No. 46, November 14, 2019

SEMA Market Report: How is Specialty Automotive Retail Evolving?

By Matt Kennedy

  Market Report
The new “SEMA Retail Landscape Report” dives into the ways in which retailers are facing and adapting to a range of business challenges.
   

The specialty-automotive aftermarket industry has always been driven by adaptation and innovation. It’s not just the products that are constantly changing, either; the ways specialty parts are bought and sold are also evolving over time. Today, the independent retailers that sell our industry’s products to consumers are dealing with a business environment that’s changing just as much as the parts they carry.

The new “SEMA Retail Landscape Report” dives into the ways in which retailers are facing and adapting to a range of business challenges. Increased online competition, and its effect on consumer expectations and behavior, are certainly key shifts with a widespread impact on retail. But there’s more to it than just the growth of online sales. Retailers, and companies looking to understand specialty-automotive retail, can use the report to gain insight into strategic questions, including:

  • What is the current state of affairs for specialty automotive retail?
  • How do retailers feel the industry and customer base have changed?
  • How can small retailers stand out from bigger, cheaper competitors?
  • Where are there opportunities for retailers to become more efficient? 
  • What factors do retailers think will shape the industry going forward?

To learn more, download the “SEMA Retail Landscape Report,” now available for free at www.sema.org/research.

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