SEMA eNews Vol. 23, No. 49, December 3, 2020

SEMA Industry Indicators: The U.S. Auto Industry Continues Its Strong Recovery

By Kyle Cheng

  Industry Indicators
Check out the “SEMA Industry Indicators” report each month to learn how movements in the broader economy may impact your business strategy.
   

The U.S. economy continues to recover, but skyrocketing virus infections and increasing restrictions are moderating growth. Despite this, the auto industry continues to do well. Spending on auto parts has been especially high over the last few months and hit an all-time high in October. The next few months will be key in determining the trajectory of the recovery, especially as vaccines begin to roll out.

Want more information on the trends affecting the specialty-equipment industry? Check out the “SEMA Industry Indicators” report each month to learn how movements in the broader economy may impact your business strategy. In this report, published monthly, you’ll find:

  • Overall Economic Outlook
  • New Vehicle Sales and Statistics on Auto Parts Production
  • Consumer Sentiment and Spending
  • Economic Growth and Unemployment
  • Other Important Industry Insights

Download the November “SEMA Industry Indicators” report for free today at www.sema.org/research.

 

 

 

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