Also noteworthy in the study is the light-truck market. While the segment had been declining in recent years, the niche saw a slight increase and is expected to rebound as leading automakers prepare to release major redesigns for popular truck models in the coming years.
“The SEMA Annual Market Report is consistent with the trends we see,” said Kersting. “The number of exhibitors and buyer attendees at the SEMA Show has consistently increased over the last couple of years and we are on track to see an even stronger Show in 2013. We’re seeing strong participation in nearly every area of the Show.”
The SEMA Annual Market Report is conducted yearly to help SEMA member companies understand the industry and make informed business decisions. SEMA research reports are available to SEMA members at no cost, and to nonmembers at a nominal fee. SEMA research reports are listed and can be accessed at www.SEMA.org/research.
Retail sales in billions
2001 $ 25.90
2002 $ 26.84
2003 $ 28.91
2004 $ 31.45
2005 $ 34.28
2006 $ 36.72
2007 $ 38.11
2008 $ 31.85
2009 $ 27.92
2010 $ 28.60
2011 $ 29.99
2012 $ 31.32