SEMA study reveals industry sales grew $550 million to $52.35 billion in 2023

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Financial results

The report offers in-depth analysis on 2023 market performance, consumer spending and projected growth

Specialty Equipment Market Association (SEMA), a US-based trade organization for the automotive aftermarket industry, announced the launch of its 2024 Market Report, revealing that overall industry sales grew $550 million to $52.35 billion in 2023, according to a press release dated Aug. 29.

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