While retail vehicle sales are down roughly 33% from this time last year, stability could be on the horizon. Economists are embracing favorable views of the road ahead as sales slowly picked up in February and March.
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U.S.-based SEMA members seeking to expand their overseas sales are entitled to a complimentary company/product posting on the U.S. Department of Commerce website. The deadline to register is May 7th.
Consumers remain hesitant to make new vehicle purchases. Recent economic instability has not only caused consumers to reconsider these substantial purchases, but has also led them to neglect maintenance.
It’s no secret that specialty-equipment sales declined in 2008 as a result of our economy taking a turn for the worse during the latter half of last year. Despite this market contraction, 37% of SEMA members recently surveyed noted that their company’s sales actually increased in 2008 over 2007.
In April, the SEMA Performance Parts and Accessories Demand Index (PADI) dropped to an all-time low, going from 30 in March to 26 this month.
eBay Motors has paved the way for charitable giving by signing on as presenting sponsor of the second annual SEMA Pinewood Drag Race, which will be held from 10:00 a.m.–5:00 p.m. on August 1, 2009, in Pasadena, California.