Industry news from SEMA-member companies, including Continental, Race Winning Brands, CRP Automotive and more.

Overall, 2021 was a strong year for the industry amid high demand, with many companies reporting record growth, according to “SEMA Future Trends—January 2022.” The specialty-equipment market should continue to grow through this year at more muted levels before returning to more normal (pre-pandemic) growth for 2023 and beyond. In fact, nearly three-quarters (74%) of industry companies expect sales growth in 2022. Key impacts to keep an eye on include rising fuel costs, supply-chain disruptions and geopolitical instability in eastern Europe.

The ongoing supply-chain disruption has had ripple effects throughout the global economy, including the specialty-equipment industry. More than 80% of industry companies reported having severe or moderate impacts in 2021 because of it, including production delays, shipping issues and higher prices. However, this year should be better.

Hyundai’s Prophecy concept car will morph into the Ioniq 6 when it finally hits dealers in production form in 2023. As expected, spy shots now prove that the radical design of the Prophecy has been toned down considerably for the Ioniq 6.

Industry news from SEMA-member companies, including Pinnacle Media, Quadratec Inc., Covercraft and more.

Here’s a first look at the ’23 Nissan Altima while testing in Metro Detroit. The sixth-generation Altima debuted in 2018 at the New York Auto Show as a ’19 model. Since then, there have been virtually no changes made to the model other than some appearance packages and Nissan Safety Shield 360.

Industry news from SEMA-member companies, including Truck Hero Inc., VP Racing Fuels Inc., Safelife Group and more.

While U.S. economic growth was underwhelming in the third quarter, incoming economic data suggests growth revved up in the fourth quarter, barring any major setbacks from the Omicron coronavirus variant or other major uncertainties, according to the latest “SEMA Industry Indicators” report.

Land Rover engineers are entering an advanced stage of development for the fifth-gen Range Rover. The new Rover will play a vital role in facilitating Jaguar Land Rover’s recovery from the pandemic and chip shortage, and its new MLA platform will be a cornerstone of the marque’s push towards full electrification.

Industry news from SEMA-member companies, including Wilwood Engineering, Power Automedia, BorgWarner and more.