While the economy continues to influence the tire and wheel markets, the greatest impacts on the industry have resulted from the elimination of the tariffs on Chinese tires, the steady growth of lower rolling resistance tires, advances in technology and the proliferation of Internet research, according to knowledgeable wheel-and-tire pros and media.
Car sales will grow in 2013, but that growth will slow to a single-digit
pace, according to Edmunds.com, which projects 15 million new-car sales
in 2013—a 4% increase over 2012. And while next year’s sales won’t have
as much momentum as recent post-recession years, there is still plenty
of optimism in the auto industry.
Developing a great product is only the first step in creating a
successful business. The next is to get that product into the hands of
You’ve got to know who your customers are before you can set your business strategies and maximize your profits.
According to the SEMA Market Update, Q2 2012 continued to provide mixed messages on the economic recovery,
though the U.S. economy is still forecast to grow over the next few
Hedges & Co.—a SEMA-member market research and database marketing
firm—reports consumer confidence and the SEMA Consumer Demand Index
(CDI) both rebounded in September. An analysis is posted on the Hedges & Co. website as part of its "66 Trends in 66 Days" series, leading up to the opening of the 2012 SEMA Show, October 30.
The SEMA Market Update is a regularly published report that tracks
industry and economic trends affecting the $30 billion
specialty-equipment industry. Each update tracks a regular set of trends
and contains a "Current Topics" section that provides SEMA members with
new research or information sources to better understand changes in the
The SEMA 2012 Annual Market Study will be released the week of April 9.
This annual report will help SEMA-member companies to better understand
the overall specialty-equipment market and its components.
Paint has long been a necessary product in the automotive world. Perhaps the most prolific painters in the automotive sector, other than
OEMs, would be shops operating in the repair and refinish segment. These
are auto-body shops that make a living on being able to paint fast,
match colors perfectly and be economical in the process.