Business

Cyber Attack

Although cyber threats on Fortune 500 companies make headlines, victims come in all shapes and sizes. Ponemon Institute, a Michigan-based research center dedicated to research on privacy, data protection and information security, found that 51% of surveyed CEOs reported experiencing a data breach not just daily but hourly.

Wheel and Tire Market Trends

Wheel and Tire TrendsThere’s a reason why the tire and wheel section remains one of the largest display areas of the annual SEMA Show in Las Vegas. For consumers, tires and wheels continue to be one of the first, best and most basic ways to personalize a passenger car or light truck. Whether enhancing looks and stance from the get-go or breathing new life into a well-traveled vehicle, consumers love their wheel-and-tire packages. And through a variety of performance and style options aimed at every taste, the specialty-equipment industry stands readier than ever to fulfill their custom desires.

Trends and Challenges for 2017

Council LeadersSEMA News spoke with SEMA’s council and network leaders to find out what’s in the pipeline for the coming year and to get their thoughts about the emerging trends and the challenges they can expect to face based on what their organizations are seeing in their respective marketplaces. Not surprisingly, many council and network chairs viewed the Recognizing the Protection of Motorsports (RPM) Act as essential to the continued viability of the automotive aftermarket industry.

Fast Track to Emissions Compliance

Fast Track to Emissions CompliancePerformance products drive innovation and consumer enthusiasm, guaranteeing the continued health and growth of every business in the distribution chain, from manufacturers to retailers and marketers to media. And because clean-air regulations govern so much of the manufacturing, sale and use of products in this category, SEMA has long emphasized the need for emissions compliance on the part of its member manufacturers while simultaneously striving to protect them from overly burdensome regulation.

Tools & Equipment Market Insights

SEMA Show New Products ShowcaseThe year 2015 proved to be one of growth and development for the Tools & Equipment segment of the automotive aftermarket. For example, the SEMA Show New Products Showcase demonstrated 22% growth in the Tools & Equipment section, totaling 195 product entries. The array of products entered included everything from glass-removing robots to an automotive battery analyzer.

The SEMA Emissions Compliance Center

Peter TreydtePeter Treydte is the manager of the SEMA Compliance Center, where his role is to provide a bridge between SEMA members and the California Air Resources Board (CARB). Treydte spent more than 20 years working for a member company, where a large portion of his responsibility was making sure that products were emissions-compliant. As a result, Treydte has substantial experience in working with CARB. SEMA News recently spent some time with Treydte, during which he explained the basics of emissions compliance, including products that require testing, first steps and test vehicles, as well as the cost and time for the entire process.

Emissions Compliance

SEMA Garage EmissionsEnsuring that their aftermarket products are emissions-compliant under state and federal laws has long been a serious issue for manufacturers. However, a recent step-up in regulatory enforcement has sent a sudden shock wave through the entire specialty-equipment industry, from manufacturer to retailer, making Executive Order (EO) exemption more vital than ever. In fact, it’s no longer hyperbole to say a business’ very survival could be at stake.

Car-Care Market Update

Car Care Market UpdateThere are literally hundreds of car-care products on the market today, each aimed at making cars look good. According to a SEMA market report, the market for wax, cleaning products and other chemicals was worth $1.49 billion in 2015. The majority of the products, roughly 61%, are sold in brick-and-mortar auto-parts chains and retail chains.

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