In next month’s “SEMA Industry Indicators Report,” look for a closer examination of the economic effects of the Coronavirus.
SEMA Market Research
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While manufacturers and distributors sell into a variety of channels, including direct-to-consumer, more than 80% of manufacturers report that their products sell through independent specialty retailers.
The monthly “SEMA Industry Indicators” report provides information about movements in the broader economy and how they may impact business strategies.
While ongoing issues are beginning to resolve, global growth remains slow and trade tensions remain high.
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.
While further slowing is likely next year, recession is not as big of a fear as it once was.
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 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.