Business

Car-Care Market Update

Car Care UpdateCar-care products—the creams, coatings, polishes and waxes that provide luster and shine and help prolong the life of myriad interior and exterior components—are among the most ubiquitous in the automotive aftermarket. You need never set foot in an auto-parts store in your lifetime to come across them, as nearly every grocery store, drug store, convenience store and car wash in America stocks a respectable range of them.

Upward Trend in Powersports

PowersportsOf the many categories that comprise the aftermarket, powersports stands out with consumers for its ability to offer fun, utility and outdoor recreation. According to research by Global Market Insights, the industry is expected to trend upward from $11 billion in 2018 to $14.5 billion by 2025. Interestingly, much of the current growth is attributable not to motorcycles, the category’s traditional stalwarts, but to the rise of utility-task vehicles (UTVs), also commonly called side-by-sides.

The New State of Hot Rodding

Hot Rod MarketIf the SEMA Show comprises the body of the automotive aftermarket, Hot Rod Alley might well be said to be its beating heart. For decades, the hot-rod and performance-street segments have led the aftermarket in leading-edge engine, drivetrain and suspension technologies. Given recent industry and technological trends, the hot-rodding market segment only figures to increase in popularity and sales in years to come.

Do Young People Still Love Cars?

Youth Report Is today’s younger generation giving up on driving, shunning car culture and turning away from vehicle accessorization? Far from it, says a new consumer study by SEMA’s Marketing Research department. In fact, the recently released “SEMA Young Accessorizers Report” suggests that this demographic is still as car crazy as ever—just in a different way.

New Resource Guide Features Industry Services Offered by SEMA Members

Business Resource GuideThe SEMA 2019 Business Resource Guide features contact information and descriptions of SEMA member-companies offering services specific to the automotive aftermarket industry. The guide, which is available electronically at www.SEMA.org/BRG, features contact information and descriptions of SEMA member-companies offering services specific to the automotive aftermarket industry.

The Truck Resurgence

What vehicle can be more American than a truck? Ever since Henry Ford introduced his first Model T in 1908, light trucks have been the vehicles of the masses, both at home and abroad. Powerful, sturdy, versatile and capable of almost anything, wherever they go, we work with them, play with them and return to them again and again when times are good. And right now, it seems, times are very good indeed.

 

Advanced Driver Assistance Systems

ADASThe impact of advanced driver assistance systems (ADAS) is already being felt by the automotive specialty-equipment and collision-repair industries, raising new challenges and opportunities. In this interview, SEMA Vice President of Vehicle Technology John Waraniak shares some frontline insights regarding the current state of aftermarket preparedness, along with association efforts to educate and ready businesses for the rapid changes they face.

Targeting the Muscle Enthusiast

Muscle Car ReportFor a while, it seemed that American muscle had seen its heyday. By the ‘80s its so-called glory years had faded, displaced by growing consumer demand for compact fuel-sippers and practical sedans. But with recent advancements in turbocharging and other mileage-enhancing technologies, modern muscle is now ironically turning the tables on the traditional passenger car.

Rolling Toward the Future

Rolling Toward The FutureAs two of the most fundamental means to enhance a vehicle’s style and performance, aftermarket wheel and tire upgrades have always been an easy sell. They’re often the very first specialty items consumers add to their new vehicles and are nearly as popular for freshening older vehicles that are beginning to look and feel, well, mundane. While the wheel and tire market noticeably slowed during the recent economic downturn, the good news for 2019 is that it’s rolling forward again.

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