The automotive industry is witnessing a huge transformation. Traditional car manufacturers are struggling to keep up with the rapid changes in technology. The automotive industry has gone from producing cars that people drive to creating software that people use while they drive. The next few years will see major transformations in how people get from one place to another.
The introduction of autonomous vehicles and transportation-as-a-service models will change our lives dramatically. As a result, there are many predictions about future trends and technologies for this economic sector. This article will explore emerging trends and what they mean for automakers, drivers, and commuters in 2022.
Autonomous Self-Driving Cars
One trend that is gaining speed at an exponential rate is autonomous self-driving cars. Almost every major car company has publicly announced future plans for their fleet (or even just portions of it) to transition to self-driving vehicles, including Mercedes Benz, General Motors (GM), Audi, and Tesla. With this trend hitting an all-time high in the news lately, it remains to be seen when these plans will come to fruition.
Connected Cars
Connected cars are another automotive trend that has been picking up steam as of late. Connectivity allows automakers to collect and analyze engine performance, maintenance needs, diagnostic codes, etc. This can be used for predictive modeling to prevent further problems or fix them before they become a major issue. The incredible amount of information this provides to an automaker helps them streamline the manufacturing process, decrease warranty costs, and ultimately keep customers happy.
Online Car Purchasing
As of late, the process of buying a car has been changing drastically. Customers are more frequently purchasing cars online rather than going to dealerships for face-to-face interactions and test drives. This behavior change is largely due to millennials, as they would prefer to buy their next vehicle online versus visiting a dealership.
Just in 2020, the percentage of online car sales went from 2% to around 30%. That’s a huge increase, and it’s expected to keep growing. The internet has made it easier to acquire more information about cars people are interested in, which is driving this change.
Used Car Sales have Increased Tremendously
Another industry trend that is growing rapidly is the number of used cars being sold. There has been a significant increase in sales in just the past few years, and it doesn’t seem like this will stop.
Experts predict that used car sales will grow by another 9% before 2025. This growth can be attributed to a few factors, with reduced interest rates being one cause and increased availability thanks to the rise of online shopping.
The automotive industry is evolving at an unprecedented rate. Whether you’re looking to purchase a used car or a new one, Feldman Chevrolet of Lansing, serving Charlotte, MI, has the perfect solution for your needs. We offer competitive pricing on all our certified pre-owned vehicles. Stop by today for a test drive. Check out our huge inventory of certified pre-owned cars online.
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