Technology always advances and sometimes at a rather quick pace. Consumers may have a hard time picking up all the new doodahs and whatsits that a new company may offer. The automotive industry is no different.
In 2019, we see trends shifting away from the usual large horsepower numbers. Cars come with new parts that provide better fuel efficiency and power distribution. Horsepower and larger displacement numbers have become a thing of the past.
Here are some of the possible trends to look out for in the automotive industry:
Driving down to Electric Avenue
It’s no secret that electric vehicles (EVs) are starting to become the new thing on the market. Calls for cleaner and more efficient transportation have become a priority to some. Companies like Tesla are on the front lines of the new and growing electric market.
Hybrids and EVs are expecting newer models in 2019. Most available models right now are only limited to sedans and coupes. Premium variants have built-in AI systems for a better driving experience. Expect cheaper costs and more car models and variants should you be on the radar when you’re looking for an EV.
But available EVs can only do so much. More cities and countries need to adopt technology to meet the consumer’s demand. Without a major rollout, growth for EVs in the auto industry will be slow and might trigger a decline in the future.
If you favor a cleaner and cost-effective ride, then an electric might be for you.
New year, old me?
Car buying tips and tricks shouldn’t be stuck in a flimsy brochure or in the company’s showroom. The used car market is a goldmine if you know what and where to look for. In an Edmunds report, new vehicle sales are dropping and used car sales are on the rise. The used car estimates were at a 3.1% increase from the previous year.
SUVs and trucks were responsible for 60% of new vehicle sales over the past few years. In that span of time, it should come as no surprise that larger savings are then found in used pickups for sale. Values of which are anywhere at 8-23% savings. Other cars’ savings values were anywhere as low as 6% to as high as 31%.
If you’re looking to save more money, try looking for used cars. Don’t knock off the ‘used’ name tag. It may be your wallet’s saving grace. Don’t forget to bring a mechanic with you to check the car’s condition.
Using the trends listed above, you may have an idea of what the car industry will be like this year. Some people may favor an enticing new electric over a gas-guzzling sports car. Some would prefer an old diesel engine truck versus a standard gas-powered sedan.
So, what’s your pick? Will you follow the rising trend or will you stick to what you think is best for you? Your choice will depend on your needs, personal preferences, and budget. You can get the help of a professional if you think you can handle the search on your own.