Thursday, July 10, 2014

Custom auto industry is revved up for action

February 19. 2013 3:34PM
Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle

LAS VEGAS -- Nearly every inch of floor space in this city's convention center was crowded with vendors hawking automotive products last week.

There were pedestals hoisting horsepower-generating superchargers. Then there were stacks of colorful custom carpet samples. Nearby was a display case filled with high-performance head gaskets.

If it has anything to do with a car, it could be found at the Specialty Equipment Market Association trade show. With more than 2,250 exhibitors was the largest show in SEMA's history.

Once considered a niche business, the U.S. automotive specialty equipment industry is expected to rake in nearly $30 billion this year.

That fact isn't lost on Detroit — Chevrolet and Ford Motor Co. had the largest exhibit booths. Camaros and Mustangs dazzled beneath fluorescent lights.

But the vast majority of the convention floor was crammed with 125,000 salesmen, car customizers and mom-and-pop auto shop owners who gathered to see and sell the latest technology in the aftermarket car industry.

SEMA got its start in 1963 when a group of small manufacturers of hot rod equipment organized as the Speed Equipment Manufacturers Association. The group eventually widened its scope and changed its name to Specialty Equipment Market Association. Its headquarters are now in Diamond Bar, Calif.

The SEMA show was predominantly made up of businessmen like Alan Peltier, 43, president of HRE Wheels in Vista, Calif. He came to the show to connect with potential buyers of his company's high-end wheels, which can cost $2,900 to $50,000 per set.

Peltier pitched his product at a booth with two walls adorned with neat rows of rims, which range from shimmering metallic to stark black. The company's business took a hit in recent years when the economy crumbled and people no longer had money to spend on stainless-steel or carbon-fiber rims.

Now, though, HRE has made steady progress back, Peltier said. The company has 40 employees and a sales office in Stuttgart, Germany, for international business.

comments powered by Disqus Commenting Guidelines
Mortgage Minute

Search for New & Used Cars

Used New All

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals

Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds