The new 2019 SEMA Market Report is now available for free from SEMA Market Research.
SEMA Market Research
SEMA has partnered with Experian Automotive to provide members with custom-built reports on the number of vehicles currently on the road.
Is today’s younger generation giving up on driving, shunning car culture and turning away from vehicle accessorization?
While the economic picture has worsened, higher tariffs are increasing uncertainty and global growth is slowing, although it doesn’t yet appear to be enough to push the U.S. economy into recession.
Last year, American consumers spent $44.6 billion on specialty aftermarket parts—continuing a multiple-year trend.
SEMA projects this growth to continue in 2019, despite ongoing trade uncertainty.
About this product:
The SEMA Market Report provides an overview on the state of the U.S. specialty-equipment market. The 2019 report includes data collected from consumers and other sources to deliver broad insight into this $44.6 billion industry.
The report includes:
Initial estimates for first-quarter GDP growth was 3.2%, suggesting significantly faster growth than consensus estimates.
Economic data since the shutdown has been weaker and less robust than anticipated, and will continue to be throughout the remainder of 2019.
SEMA Market Research offers a variety of custom industry reports available for free to SEMA members.