Market Snapshot

SEMA Market Research: Wheels, Tires and Suspension Up 5% in Combined Retail, Manufacturer Sales

The specialty-equipment market is divided into nine niches. For each
of these, there are three segments, one of which is the wheel, tire and
suspension category. Overall, the wheel, tire and suspension category
rose nearly 2% in retail sales and 3% in manufacturer sales from 2007
to 2008. Light truck is the niche in which wheels, tires and suspension
represent the largest percentage at $1.29 billion in manufacturer

Read the latest on the wheel, tire and suspension market through "The Cool Necessities" article in the November issue of SEMA News.

SEMA Research: Racing and Performance Grows as Overall Market Contracts

  SEMA News Racing & Performance

The racing and performance component of the specialty-equipment market is comprised of three market niches: street performance, racing and compact performance. Combined, these three niches represent 32% of the total retail sales of the specialty-equipment market.

In 2008, the overall market contracted to $31 billion from $38 billion in retail sales. But the racing and performance market experienced growth. In fact, total retail sales for the three niches combined grew 4%, from just under $10 billion to $10.3 billion.

Read the latest SEMA research on the market that is at the core of the specialty-equipment industry.

Government Lists Top 10 Cars Purchased Under Clunkers Program

The “Cash for Clunkers” program, officially known as the Car Allowance
Rebate Systems (CARS), ran from late July to late August. The program
provided government vouchers of $3,500 or $4,500 to be used toward the
purchase of a new vehicle for the trade-in of a used vehicle that met
certain qualifications. The used vehicle was then scrapped. The
program’s premise was to provide the automakers and dealers with a
jumpstart in new car sales while getting so-called “gas guzzlers” off
the road.


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