Manufacturers saw sales increase across many channels, especially direct-to-consumer through their company website and at independent specialty retailers.
Optimism on the Rise as Businesses Continue to Reopen
Segments of Specialty-Equipment Industry Sees Growth During Pandemic
The automotive specialty-equipment industry has largely weathered the pandemic, with many companies reporting sales growth over the past year and anticipating continued growth in the coming months, according to new SEMA Market Research. Findings from the new "SEMA State of the Industry - Spring 2021" report indicate that the majority of businesses saw significant sales growth during the pandemic: 66% of manufacturers, 60% of distributors, and 40% of retailers/installers reported increased sales compared to 12 months ago, and nearly three-fourths of all manufacturers and distributors expect sales to increase over the coming year. ... Read More
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