The Good Side of Private Equity?
It’s no secret that the performance industry and engine building industry has been consolidating for quite some time. It’s occurring on just about every level – shops, manufacturers, distributors, etc. Most evident recently has been private equity firms buying up manufacturers, as well as other large performance groups merging with various brands within this space.
Automotive Aftermarket Surpasses $51 Billion in Sales in 2022
The specialty-equipment market showed positive results in 2022 with an overall market growth of 2% and reaching $51.8 billion in sales, according the new 2023 SEMA Market Report. This continues a decade of growth for the industry, even among recent economic turmoil created by the pandemic. While the growth percentage was slightly down from the industry’s typical annual rate
Larry Chen Selected as Winner of SEMA Automotive Influencer of the Year
Content creator and world-renowned automotive photographer Larry Chen was named winner of the first annual SEMA Automotive Influencer of the Year award. The award was created to honor a content creator or influencer who has built an engaged audience and used his or her platform to positively impact car enthusiasts of all ages. The award is a result
Passion Runs Deep
Having had the distinct opportunity to view this industry from my chair as editor of Engine Builder has certainly opened my eyes to a lot of great things this industry has going for it. However, my favorite thing about it – hands down – is the passion. Whether it’s passion for covering the industry (as
Automotive Industry Veteran RJ de Vera Joins SEMA as Vice President of Marketing
SEMA, the host of the aftermarket industry’s premier products trade event, has announced RJ de Vera as its Vice President of Marketing. De Vera comes to SEMA after 12 years at 3M, a Fortune 100 company, including the last seven as Global Leader of Digital Marketing and Public Relations for the Meguiar’s Car Care brand.
SCCA to Honor 2022 Hall of Fame Class
The 2022 class of the Sports Car Club of America (SCCA) Hall of Fame has been announced. A group of five longtime SCCA members will be recognized for each of their contributions to the Club’s history and the world of motorsports. The class includes a sports car racing champion across multiple decades, an all-around Champion driver
Industry Mourns Loss of Doug Auld
Doug Auld, the Hall of Fame journalist and founder of Sprint Car & Midget Magazine, has passed away following a brief illness. He was 59. “A giant has left us,” longtime Sprint Car & Magazine writer and columnist Dave Argabright said in a release. “Doug was intensely passionate about motorsports, and his effort and
Hiring Veterans in the Automotive Industry
November is National Military Month, and what better way to show your support than to hire a veteran? Many former members of our nation’s military are in need of stable careers to ease back into regular society and support their families.
