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.
SEMA projects this growth to continue in 2019, despite ongoing trade uncertainty.
Initial estimates for first-quarter GDP growth was 3.2%, suggesting significantly faster growth than consensus estimates.
Economic data since the shutdown has been weaker and less robust than anticipated, and will continue to be throughout the remainder of 2019.
SEMA Market Research offers a variety of custom industry reports available for free to SEMA members.