The next round of proposed tariffs targets the remaining $300 billion in Chinese imports that haven’t been affected yet.
SEMA Market Research
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The first half of 2019 is in the books, and the United States is now in the longest economic expansion in its history.
Last year, American consumers spent $44.6 billion on specialty aftermarket parts—continuing a multiple-year trend.
While the economic picture has worsened, higher tariffs are increasing uncertainty and global growth is slowing, although it doesn’t yet appear to be enough to push the U.S. economy into recession.
Is today’s younger generation giving up on driving, shunning car culture and turning away from vehicle accessorization?
SEMA has partnered with Experian Automotive to provide members with custom-built reports on the number of vehicles currently on the road.
The new 2019 SEMA Market Report is now available for free from SEMA Market Research.
SEMA projects this growth to continue in 2019, despite ongoing trade uncertainty.
About this product:
The SEMA Market Report provides an overview on the state of the U.S. specialty-equipment market. The 2019 report includes data collected from consumers and other sources to deliver broad insight into this $44.6 billion industry.
The report includes: