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.
SEMA Market Research
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.
Check out the “SEMA Industry Indicators” report each month to learn how movements in the broader economy may impact your business strategy.
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.