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DIAMOND BAR, Calif. — Tire dealerships and auto service shops will be seeing an increase in the number of CUVs and pickup trucks in their bays over the next few years, but passenger cars will still be around for the foreseeable future.
That's the conclusion of new Specialty Equipment Market Association (SEMA) research on the U.S. vehicle parc.
Light trucks are expected to account for more than 82% of new consumer vehicle sales by 2028, up from 69% in 2018, according to SEMA, driven primarily by the popularity and growth of CUVs.
According to SEMA's new study, "
2021 Vehicle Landscape Report," CUVs are expected to make up about half of all new light vehicles sold by 2028.