Despite the disruption from the virus, new research shows that the specialty-equipment industry is bouncing back and optimistic for the future.
SEMA Market Research
The U.S. economy continues to recover, but skyrocketing virus infections and increasing restrictions are moderating growth.
SEMA360 attendees got a sneak peek at the latest market research surrounding vintage vehicles and their accessorization.
Despite uncertainty over government stimulus and the virus, the overall economy continues its recovery and consumers continue to spend money.
Findings from the “SEMA State of the Consumer Report—Fall 2020” reveal that consumers are getting back on the road, feeling confident about their financial position, and spending at retailers again.
SEMA’s annual market report has always been a valued resource for automotive specialty-equipment businesses as they chart their positioning and growth within the marketplace. Given the current business climate, the recently released “2020 SEMA Market Report” couldn’t be more timely help for understanding market trends as we turn the corner into 2021.
Knapp encourages members to take advantage of and access the latest SEMA Market Research Reports, sales trends among key business types and an overview of the top vehicles for accessorization and emerging segments within the $46.2 billion industry.
The U.S. economy continues to recover what was lost in the early months of the pandemic.
Whatever your business objectives may be, SEMA Market Research’s reports can help connect you with the information you need to make informed business decisions.
While 2020 has been a rough year for vehicle sales, pickups seem to be weathering the storm better than other platforms.