By John Watson
25 Oct 2024
Driving the Future of Car Industry: Automotive Industry Trends in 2025
The car industry is changing rapidly, and many are numb to it. How does one keep up with new trends?
As a car buyer or seller, whether a sedan, SUV, or truck, you'd want to know what's coming next and be able to predict it. This article will discuss new technologies and changes to the way we drive.
The Latest Advancements in Automotive Technology
The car industry has reached an interesting juncture. Some exciting developments are in the offing. These innovations assure a different driving experience from now onward. Let's begin by discussing some of the key changes we are likely to experience.
Electric Vehicles (EVs)
Despite the slow growth in demand for electric vehicles in 2023 due to high interest rates and higher EV prices, the demand trend has begun to rise. Kelley Blue Book estimates that in the first half of 2024, nearly 600,000 EVs were sold in the United States, up 7.3% from the first half of 2023.
Electric cars are the future of automobiles. More and more people are switching from gasoline-fueled automobiles to EVs, which cost much less to operate and have a very low carbon footprint. The major manufacturers are investing heavily in electric technology. Brands like Tesla lead the charge, but others are catching up fast.
More models are in the market, including advancements in longer ranges, faster charging times, and increased access to improved battery technologies. Governments worldwide are providing car owners with tax incentives and are further investing in infrastructure to support the switching to EVs.
All these developments are set to make EVs common on the roads in the coming years. It’s an exciting time for electric car enthusiasts, with the future of EVs becoming brighter daily.
RELATED: 5 Best Home EV Chargers for Your Electric Car in 2024
Advanced Driver Assistance Systems (ADAS)
Safety is one of the prime concerns for automobile companies. Advanced Driver Assistance Systems have changed the face of vehicle safety. They enable drivers to avoid accidents and keep them safe on the road.
Lane-keeping assist, adaptive cruise control, and automatic emergency braking are all constituent parts of ADAS. Sensors and cameras view surroundings continuously and give drivers real-time feedback.
As the days pass, technology keeps getting better and better, and most new cars in the near future will have ADAS as a standard feature. The transition will tend to be much safer and lessen traffic accidents. While buying a car, make sure that such advanced systems come with the model of your car. Not only will it save you, but also facilitate a better resale value of your car.
Connected Cars
More and more cars are becoming connected. These cars utilize the internet to add even more sensation to driving. They can communicate with other vehicles on the road and even with traffic infrastructure. This may improve convenience and safety in several ways.
Just think about a car telling you to expect a jam up ahead or warning you of hazards along the road. Connected cars will be able to provide real-time updates. They can even suggest routes. In this way, this feature will save time and decrease stress during your daily commute to work or school.
As this trend continues to take shape, automobile makers will increasingly focus on developing even more connected features. Expect remote diagnostics, over-the-air software updates, and enhanced infotainment.
READ ALSO: The Best Tesla Alternatives for All Models
Blockchain
The newest entrant in the automobile sector is Blockchain. It brings transparency and a way to securely record vehicle history, which should cut down on fraudulent activities in the reselling of cars.
Knowing a car's history is important if you're buying a used one. Blockchain provides all-in-one and tamper-proof records of ownership, title, repairs, and accidents, automating trust between buyers and sellers.
As more manufacturers integrate blockchain, the automotive market will experience increased transparency. Now is also a great time to sell your car since all records will be available.
BMW i Vision Dee
The BMW i Vision Dee is an exciting look into the future of cars. Conceptually, this car is both highly technologically advanced and a design statement that melds AI, augmented reality, and personalization features.
The i Vision Dee also extends its ability to cater to drivers' preferences. It actually can change colors on the outside with just one touch of a button. This allows for self-expression on the road.
While this car is still in development, it's a great example to show which direction future vehicles are taking. Just think: cars won't just take you from one place to another; they'll reflect your personality. The future of automotive design is bright and full of possibilities.
READ ALSO: The Best Tesla Alternatives for All Models
Ongoing Supply Chain Shortage
There are problems within the automotive industry, particularly with the supply chain. COVID-19 unmasked the vulnerabilities of production. There are shortages of parts, particularly semiconductors, which continue to hamper manufacturers.
This leads to a delay in car production, and many dealers cannot stock inventory on their lots. As a result, the prices of new cars are going up, forcing many to turn to the used car market.
If you are considering selling your car, now is the perfect time. Demand for used cars has gone up, and so have the prices. Sell now to make the best deal.
The UK Economy & Threat of Recession
Economic factors also determine the car industry. The UK economy is considered unpredictable, and fears of recession may dampen consumer spending.
During challenging economic times, most individuals stop major purchases they can comfortably avoid, such as a car. With this trend, new car sales tend to be sluggish. However, the demand for secondhand cars that are reliable usually remains relatively stable.
This spells an opportunity for those who want to sell. With an excellent second-hand car in fairly decent condition, buyers will likely be interested in it. You can list your car on sites such as FindUsedOnline.com, and this way, the buyer can contact you.
Continued Growth of the EV Market
In spite of economic challenges, the electric vehicle market keeps gaining momentum. More people recognize the benefits of EVs. As technology improves, the prices of electric cars will likely go down.
This trend makes EVs more accessible to buyers. Governments have also started investing in charging infrastructure, so owning an electric vehicle won't be that unfeasible any longer.
The opening up of the EV market opens several avenues for both buyers and sellers. If you own an EV, then do NOT hesitate to list it out for sale. Many are keen to join this electric revolution.
What Can We Expect From the Used Car Market
The used car market is changing fast, and this is due to many factors, including technological and economic conditions. Here are some of the emerging trends.
- There are high volumes of car sales being made online. So many buyers enjoy buying comfortably from their homes. Websites like FindUsedOnline.com make this process so easy. You can list your car for free and reach a broad audience.
- More and more buyers are searching for certified pre-owned vehicles. These cars are very well-checked, and most of them have warranties. This will make the buyer confident, and if this is applied to your car, it might even increase its resale value.
- The demand for peculiar and vintage cars is on the rise. A very rare model will see collectors and enthusiasts paying good money for it. If you have a classic car, now is the right time to sell.
RELATED: What Is The Best Way to Sell a Classic Car?
Conclusion
The future is bright for the automotive industry. It is also rapidly changing times, technologically speaking. Electric vehicles, advanced safety features, and connected cars are only the starting point.
Some would say incumbent supply chain issues and economic uncertainty present a number of challenges, but the market continues to grow. Again, used car opportunities present themselves for sellers and buyers alike.
If you're ready to sell your car or find a great used vehicle, consider listing it on FindUsedOnline.com. The future is exciting, and you don't want to miss out!