In a 6-3 decision, the U.S. Supreme Court has held that Congress did not grant the EPA the authority to devise carbon emissions caps for power plants that would shift the way they generate energy away from coal.
Dates and locations have been scheduled for several upcoming SEMA-sponsored shows, measuring sessions and activities.
Are you hunting for a new job? The SEMA Career Center has a comprehensive listing of automotive-related job openings around the country. Here are some of the latest jobs posted to the website.
Land Rover will expand the Defender lineup next year with the introduction of the extended-wheelbase 130 variant, which has been spotted on Nürburgring.
Fast Facts
chads
Fri, 07/01/2022 - 22:38
Industry news from SEMA-member companies, including Yokohama Tire Corp., Hyundai Motorsport, Fullbay and more.
SEMA Industry Report: Specialty-Equipment Sales Surpass Pre-Pandemic Levels
chads
Fri, 07/01/2022 - 22:28
The automotive specialty-equipment industry continues to experience strong growth and demand as the United States puts COVID-19 in the rearview mirror. According to SEMA’s new “State of the Industry—Spring 2022” report, 75% of manufacturers, 68% of distributors and 53% of retailers/installers report that sales are currently above where they were prior to the pandemic, and consumer demand is equally higher for most companies than it was in 2019.
Examining the Post-Pandemic Rebound
chads
Fri, 07/01/2022 - 22:02
With the final quarter of 2022 approaching and the pandemic largely receding, there’s good economic news for the aftermarket. According to recently released SEMA market research, the automotive specialty-equipment industry continues to enjoy strong growth and is well positioned for the coming year. That and other key takeaways can be found in the “State of the Industry—Spring 2022” report, now available for free download at www.sema.org/market-research.
Crossover Utility Vehicles (CUVs) are the fastest-selling and most common vehicle on the road in the United States today. At the end of 2021, they represented 24% of all registered passenger vehicles, and are projected to represent almost half of all new vehicles sold by 2029. They’re also a significant part of the specialty-equipment aftermarket, accounting for more than $7.7 billion in specialty parts sales in 2020. While they are a very diverse segment, there’s plenty of opportunity to be found for specialty-equipment businesses, including a growing off-road niche.
Part of the SEMA Show preparation process for many exhibiting companies includes identifying which products they will enter into the New Products Showcase. As the number-one destination at the SEMA Show, the New Products Showcase provides companies with an opportunity to highlight their latest offerings and generate foot traffic to their booths.
The SEMA Board of Directors approved the council concept in 1993, elevating the status of three committees: the Automotive Restoration Market Organization (ARMO), the Professional Restylers Organization (PRO) and the Street Rod Market Alliance (SRMA), now the Hot Rod Industry Alliance (HRIA). SEMA then hired its first council director. There are now nine councils and networks and three SEMA council directors.