Car Industry

Car Industry
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C O N T E N T S:

KEY TOPICS

  • There have been more disruptors to the auto industry in the last ten years than in the first 50 years after modern cars were invented, and that rate of change is not expected to lessen, in fact, change will only happen faster.(More...)

POSSIBLY USEFUL

  • With industry expectations rising as automobiles become more electrified and connected, and autonomous vehicles looming on the horizon, fundamental challenges remain.(More...)
  • In an industry such as automotive where technology is pouring in at an unprecedented rate, incipient trends are multiplying like vehicles on the roadways at rush hour.(More...)
  • As consumers entertain more options in meeting their transportation needs, how is the industry shifting to anticipate the future?(More...)

RANKED SELECTED SOURCES

KEY TOPICS

There have been more disruptors to the auto industry in the last ten years than in the first 50 years after modern cars were invented, and that rate of change is not expected to lessen, in fact, change will only happen faster. [1] We can?t ignore that one of Tesla?s major appeals is their recognition of this auto industry trend and their decision to allow consumers to buy a car without having to experience a dealership. [1] We looked at millions of social media conversations to understand the biggest trends affecting the auto industry, how the top selling brands compare to each other, and what consumers want in a car. [2]

Whole nations are determined to eliminate fuel-burning vehicles as the automotive industry trends toward green vehicles, with Britain and France set to ban gas-powered cars by 2040. [1] That doesn?t mean dealerships should ignore the ride-sharing automotive industry trend and hope that it ceases to disrupt car buying. [1]

Several industry experts and professionals are forecasting that electric cars will soon become more cost-effective and popular than diesel and petrol models. [3]

A July 2017 McKinsey & Company report on the car industry in China found sales of locally produced EVs would grow: "The domestic industry?s growing production share of EVs rose from 18 percent in 2016 to 23 percent in 2017, providing proof that Chinese brands may increase their presence in the EV segment as more car buyers recognize that Chinese carmakers produce acceptable EVs." [4] Trends in the automotive industry show that the car market is an ideal platform for AI development. [5]

New York - Seven trends in the automotive industry will drastically change the car itself and how we will create and use them between now and 2030 according to a new Oliver Wyman report titled " Future Automotive Industry Structure - FAST 2030." [6] Autonomous driving is the hottest trend in the industry right now and almost all the major companies are working on a driverless car project. [7] Many industry professionals and analysts are predicting electric cars soon to be more popular and cost effective than petrol and diesel. [8] This third volume of the report, released every five years, with the German Association of the Automotive Industry (VDA), found global automotive value creation to rise by 30 percent by 2030 with global passenger car production also growing by 30 percent to 123 million units. [6]

CES 2018 featured many of the automotive industry trends and systems that define the car of the future, including advanced driver-assistance systems (ADAS) and autonomous driving systems, all powered by technologies like light detection, LiDAR and connectivity, among others. [9]

POSSIBLY USEFUL

With industry expectations rising as automobiles become more electrified and connected, and autonomous vehicles looming on the horizon, fundamental challenges remain. [10] As you?ll read in future blog posts, we?ll talk about many of the lessons learned from similar challenges in adjacent industries, highlight many of the evolving trends in automotive and what they mean for test engineers, and ultimately showcase some of the coolest successes across the industry for what "mobility" companies are doing now. [10] To that end, the rest of the automotive industry trends in this article are issues that dealers must adapt to, so if you are looking for ways to shape your dealership to benefit in the future, these are a great place to begin. [1] Dealers have to be able to weather at least a few years of sales drought during which the automotive industry trends will absolutely be subject to tremendous change. [1] Technology-driven trends have always been revolutionizing the way in which automotive industry players react to the changing behavior of consumers, build partnerships, and bring about a change. [3]

The automotive industry has been confronting a lot of challenges over the last few years and one among these challenges is the increasing number of fake part sellers. [3] The current low rates of return are unsustainable in this environment, and improving returns will ensure that the industry can continue to attract the capital it requires to create the types of vehicles customers want most. [11] To be sure, rates of return on capital have been a problem endemic to the auto industry for years, which is one reason for the many bankruptcies -- or near liquidations -- among OEMs and suppliers, particularly in the past decade or so. [11]

Will future cars rely more on electric or hybrid power? Will existing auto giants remake their images in time or be supplanted by eco-friendly startups like Tesla? Underlying all these questions is the ultimate factor: the consumer. [2] The situation is becoming more dire: The cost of capital is unlikely to come down from its already low inflation-adjusted levels, and new capital outlays are rising for advances in, among other areas, connected car and autonomous driving technology. [11]

In an industry such as automotive where technology is pouring in at an unprecedented rate, incipient trends are multiplying like vehicles on the roadways at rush hour. [12] New data-driven services, strong light-weight materials and a rapidly built-out infrastructure for electric vehicles (EVs) are trends impacting the automotive industry this year. [4] Global automotive trends require a new approach to OEM business models and are reshaping the traditional automotive industry structures. [5]

Consumers can now choose from a range of EVs and hybrid cars: powerful crossovers from Jaguar and Mercedes, cars from Hyundai and Ford with almost 120-mile range, and even the speedy NIO-EP9 supercar, a competitor to the Tesla Model X. The tendency is clear: the automotive market is moving toward actual zero emissions. [5] By 2025, the majority of customers will purchase cars online, not from a dealer, predicts Earl Stewart, owner of Earl Stewart Toyota of North Palm Beach, Fla. [13]

To keep up with the times, digital technology companies from startups to giants like Tesla, Apple, Google, and Uber are continuing in the direction of self-driving electric cars. [5]

As consumers entertain more options in meeting their transportation needs, how is the industry shifting to anticipate the future? For the last nine years, this study has helped identify automotive industry consumer behaviors and trends across countries and generations. [14] Industry analysts predict that the sales of private vehicles will drop in the coming years as e-hailing and other such mobility services become more affordable and reliable. [7] The report identifies the trends impacting global manufacturers and suppliers as: connected vehicle, autonomous vehicles, e-mobility, digital industry, new pay-per-use distribution channels, changing customer structure and the human-machine interface. [6] For the study "Future Automotive Industry Structure - FAST 2030", Oliver Wyman worked in collaboration with the VDA and its members to analyze the factors causing the transition in the automotive industry and how suppliers in particular can prepare for these changes. [6]

69 percent of people who used YouTube while buying a car were influenced by it - more than newspapers, or magazines - making this trend key to automotive marketing in 2018. [15] Customisability of car sharing services is expected to increase next year, some Uber drivers currently allow passengers to use an auxiliary cable for music, whilst others are even offering snacks and drinks to enhance the passenger?s experience. [8] The demand for shared mobility services is likely to be driven by a host of macroeconomic factors and the fact that driving a car has become a highly stressful experience in many parts of the world today. [7]

Consumers aren't going to like this, but eventually, the federal government will have to step in, so it's in the auto industry's best interest to get ahead of the curve, and 2018 -- with sales continuing to be strong and profits rolling in -- is the year to take the hit. [16]

This segment has been growing over the past five years as consumer preferences have been shifting away from larger, fuel-inefficient trucks and sport utility vehicles (SUVs) toward more compact, environmentally friendly cars. [17] One of the trends that are expected to take off is the creation of leasing companies via major auto manufacturers, which will enable consumers to buy partial shares in the vehicle on a car sharing basis. [18]

Let?s look at the customer centered marketing trends that are fueling the automotive industry this year. [19] In a recent Automotive Product Development and Launch Cycles survey sponsored by Jabil, 53 percent of respondents shared that better connectivity was the primary driver of technology innovation in the industry. [20]

Let?s begin with this top-of-mind, worrisome auto finance industry trend: After years of growth, auto sales are declining. [21] In our study, we took a close look at automotive industry trends around time-to-market, challenges in addressing innovation and the expected impact of consumer technology companies entering the industry. [9] Indeed, most of these changes will continue to progress many years into the future, affecting the subsequent growth pattern not just of the auto industry, but of society itself. [22]

Experts in the tech and auto industries are predicting that more and more car models will go on sale this year that come complete with dashboard systems that can be easily updated and work with the profiles of the specific person who is driving. [23] According to Consumer Reports 2016, car electronics are currently the number one failure item in cars under three years old, and car manufacturers are committed to reducing these failures in order to show their commitment to quality, which is one of the top factors in consumer brand loyalty. [24]

Despite being early tech adopters, drivers of connected cars are not keen on making the shift to self-driving cars, according to a new survey from connected vehicle data technology specialist Solace. [25]

RANKED SELECTED SOURCES(25 source documents arranged by frequency of occurrence in the above report)

1. (6) The Top 4 Automotive Industry Trends To Watch in 2018 Jazel Auto

2. (4) Automotive Highlights of 2017 and 2018 | Intellias Blog

3. (4) Turbulent Times Ahead for Global Automotive Industry According to New Oliver Wyman Report

4. (3) 2017 Automotive Trends

5. (3) Top Five Emerging Trends Transforming the Automotive Industry | QuEST Global

6. (3) What are the Future Technology trends in automobile & Automotive industry? - Quora

7. (2) The 3 Automotive Trends No One is Talking About (Anymore) | Electronic Design

8. (2) Consumer Trends in the Auto Industry

9. (2) Three game-changers in the automotive industry in 2018 - IFS Blog

10. (2) Five Trends the Automotive Industry is Looking Towards in 2018 | LinkedIn

11. (2) Automotive Industry Trends & Shorter Go-To-Market Strategies | Jabil

12. (1) The top 7 trends in the auto industry for 2017 TechCrunch

13. (1) 5 Surprising Automotive Industry Trends to Expect by 2025

14. (1) 2018 Global Automotive Consumer Study | Deloitte US

15. (1) Top 2018 Automotive Digital Marketing Trends You Need to Know - Digital Dealer

16. (1) Predictions about the US auto market in 2018 - Business Insider

17. (1) Automobile Wholesaling in the US. Industry Market Research Reports, Trends, Statistics, Data, Forecasts

18. (1) New Car Trends that are Taking Over the Auto Industry | KnockOutEngine

19. (1) Top Marketing Trends That Are Driving the Automotive Industry | UpCity

20. (1) 7 Automotive Connectivity Trends Fueling the Future | IoT For All

21. (1) Auto Finance Industry Trends That Will Disrupt Lending as We Know It in 2019 | defi SOLUTIONS

22. (1) The Top 5 Auto World Trends of 2017 | DMV.ORG

23. (1) 4 Auto Tech Trends That Will Sweep the Industry in 2017 | Inc.com

24. (1) Semiconductor Engineering .:. Automotive IC Industry Trends

25. (1) Market Trends & Analysis | Search Autoparts

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