Despite media reports to the contrary, electric and hybrid vehicles will not take over the road anytime soon.
Consumer sentiment remains positive and high, with spending growing at one of its highest rates since 2000—although vehicle sales were essentially flat in October.
According to the “SEMA Young Accessorizers Report,” as young drivers get older, they gain more control over their vehicles and enter the customization culture.
The automotive specialty-equipment market experienced an eighth straight year of post-recession growth, reaching $43 billion in 2017. That’s just one of the many important takeaways from the newly released “2018 SEMA Market Report.”
According to the “SEMA Young Accessorizers Report,” as young drivers get older, they gain more control over their vehicles and enter the customization culture.
Another month of solid economic growth is in the books and the U.S. economy continues to look strong.
Despite media reports to the contrary, young people still have an interest in cars and accessorization.
The “SEMA Industry Perspectives Report” is designed to help readers understand how their businesses compare to the industry at large.
Despite media reports to the contrary, young people still have an interest in cars and accessorization.
The majority of companies surveyed, including 85% of specialty-equipment manufacturers, reported they expected their sales to grow over the coming year.