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.
SEMA Market Research
While further slowing is likely next year, recession is not as big of a fear as it once was.
Retailers are adapting to a customer base that is more informed about brands and products, more aware of price differences and may be less loyal to any retailer.
The more than 3,000 SEMA-member retailers are primed for continued growth, according to the new “SEMA Retail Landscape Research Report.”
A new SEMA market research report provides insight into the state of the specialty-equipment retail market.
Check out the “SEMA Industry Indicators Report” each month to learn how movements in the broader economy may impact your business strategy.
The “SEMA Accessory Opportunity Report” provides an overview of the top vehicles for accessorization and outlines emerging segments within the $44.6 billion industry.
SEMA projects that the market will continue to grow through the end of 2019 and bring retail sales close to a new high of nearly $46 billion.
Concerns about tariffs and trade tensions with China have increased over the last month and are likely influencing the real economy.
The next round of proposed tariffs targets the remaining $300 billion in Chinese imports that haven’t been affected yet.