Thursday, 25 September 2014 00:00

Automotive Equipment Sales Increase - Fourth Year in A Row

According to the 2014 SEMA Annual Market Report, there was a 6.7% increase in sales of automotive specialty-equipment products in 2013, reaching $33 billion. This is the fourth year in a row that the industry has experienced growth.

The automotive specialty-equipment market began to see an upswing in 2010, when sales totaled to $28.60 billion—a 2% increase over the previous year. Sales reached $29.99 billion the following year, representing a growth of 5% over 2010. Sales in 2012 reached $31 billion—a 4% increase from the previous year.

The growth of the street performance niche, the largest niche in the industry, has largely attributed to the boom. This unique category accounts for 26% of sales with $8.72 billion.

Read 1117 times