It’s difficult to project where the U.S. economy is headed amid slow job growth but a strong labor market.
How is your business feeling so far about 2019?
If you’re struggling to find quality data and analysis on the specialty-automotive aftermarket, SEMA Market Research is here to help.
The monthly report features a snapshot of the overall economy and specialty-equipment industry.
- Read more about SEMA Industry Indicators: Economy Will Continue Growth in 2019, but Momentum Slowing
Auto-parts production in the last half of 2018 only grew at half the rate it did a year ago. Likewise, new-vehicle sales, while remaining positive, slowed as the year progressed.
Forty-four percent of modern musclecars have aftermarket parts installed.
Did you know that 44% of modern musclecar owners have accessorized their cars?
The year closes with solid economic growth—a phenomenal year perhaps, given how far the United States is in the current economic expansion.
The “SEMA Future Trends” report features forecasts and trends for new vehicle sales, changes in driving habits and trends, economic indicators and overall outlook and powertrain insights and forecasts.
Newer vehicle platforms, such as crossover-utility vehicles (CUVs), are becoming increasingly popular. Many automakers are adjusting their lineups away from traditional sedans to account for this.