Organization shares automotive aftermarket’s industry needs to ensure nation’s manufacturing prowess

In a letter to President Donald Trump, the Specialty Equipment Market Association (SEMA) is highlighting the impact of tariffs on the nation’s automotive aftermarket industry--which contributes nearly $337 billion in economic impact to the U.S. economy--along with ways the administration can support domestic manufacturers during this transition period.

“Our primary request is that American automotive parts manufacturers, including our members, be provided a transition period to re-shore their manufacturing, as well as some form of economic relief to assist in that transition,” writes SEMA President and CEO Mike Spagnola. “That relief could include tariff exemptions for things like molds, tooling, and machinery brought back to the U.S., as well as tax incentives to offset the associated costs.”

The letter also sheds light on impacts that the Trump Administration might not be aware of, including those experienced companies that want to bring their operations back to the U.S., as well as ways domestic producers of steel and aluminum are making it hard for Made in America companies to stay competitive.

To read the letter, click here.

About SEMA

The Specialty Equipment Market Association (SEMA) serves as a leading voice for the worldwide car culture, representing over 7,500 member companies that create, buy, sell, and use specialty-automotive parts that make vehicles more unique, attractive, convenient, safer, fun, and even like new again. Business member benefits include product development resources, market research, networking, education, legislative advocacy, and more. The Association organizes the annual SEMA Show in Las Vegas, Nev., and actively supports the career and business opportunities that the aftermarket generates. The industry contributes nearly $337 billion in economic impact to the U.S. economy, supports 1.3 million jobs nationally, and generates $52.3 billion in parts sales annually. For more information, visit www.sema.org.

Tagged: American automotive parts

SEMA Letter to President Trump Highlights Tariffs Impacts