SEMA Annual Market Report
As 2014 comes to a close, how did your company fare in terms of sales when compared to 2013?
Steeped in the American automotive tradition of increasing vehicle power and performance, the street-performance niche is the strongest and largest in the specialty-equipment market, comprising $8.72 billion in retail sales in 2013.
In 2013, sales of automotive specialty-equipment products reached $33 billion—a 6.7% increase over the previous year, according to the 2014 SEMA Annual Market Report.
The 2013 SEMA Show is history and has left no doubt that the automotive specialty-equipment industry is stronger than ever. While final attendance figures are being audited, organizers report that more than 126,000 credentials were issued prior to the event, with thousands more processed onsite. The numbers represented a 7% increase over the previous year, and the highest in SEMA Show history.
Sales of automotive specialty-equipment products continue to climb, with sales in 2012 reaching $31 billion, according to the 2013 SEMA Annual Market Report. The figure represents a 4% increase over the previous year, and marks the third consecutive year of growth.