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According to
SEMA, the accessories and appearance market segment of specialty
equipment has grown substantially over the years to reach $6.94
billion at the manufacturer level in 2005.
Appearance and vehicle-body
accessories top the list of products sold by Specialty Equipment
Marketing Association (SEMA ) members. This according to a
survey of its members at the beginning of this year to measure
industry market trends. 541 companies responded, with the
largest percentage (35%) of those being manufacturers.
While Custom Wheels are technically a separate category (4% of
survey respondents said Custom Wheels were their best sellers)
the survey highlights the growing importance consumers are
placing on the appearance of their automobile. Rent-to-own
companies throughout North America are adding custom wheels and
tires. While rent to own and lease-purchase wheels is in its
infancy, many rent to own industry veterans feel it is THE
growth category for the coming decade. The three largest
full-line rent to
own and lease-purchase franchisors in North America,
ColorTyme, Aaron Rents (Rimco),
and
Premier Rental Purchase have custom wheel divisions. Other
companies specialize in wheels only including Rent-n-Roll,
Discover Rimz and Wheel Workz.
See RTO Tradeshow listings for Wheels and Tires.
According to SEMA, the accessories and appearance market segment
of specialty equipment has grown substantially over the years to
reach $6.94 billion at the manufacturer level in 2005. Part of
the reason for this growth comes from the fact that automotive
customization has grown in popularity among mainstream
automobile buyers. Recent SEMA research showed that over the
first three months of this year, nearly one out ever 10 (9%)
consumers surveyed planned to purchase accessory and appearance
products. This translates to slightly over 10 million U.S.
households planning to purchase some type of appearance
accessory for their cars or trucks.
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only independent source of news for the rent-to-own, rental-purchase,
lease-purchase trade. RTO Online (Rent to Own Online) represents the choice
of the entire RTO Industry for trusted information, as it happens. |
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