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5 Things You Need to Know about the Automobile Market in 2017

The numbers are in, and manufacturers are changing the way that they make and market cars. Here are five auto trends that you should know about in 2017.

1. RideSharing Is In

You can thank millennials for the expansion of Rideshare programs. Ford has plans to expand its minibus service, called Chariot, to eight more cities because consumers between the ages of 18 and 35 are deciding against vehicle ownership. Even leasing a car is becoming too much in the age where signing on the dotted lines is almost equivalent to a cardinal sin. Young adults want the liberality of a personalized auto experience without the burden of paying a monthly car note. The result for you is better haggling options at the dealer.

2. Financial Perks Are on the Rise

Last year was quite monumental as dealerships offered steep discounts to those willing to buy or lease vehicles. The financial breaks were so great that well-qualified buyers were able to drive off the lot with a minimal down payment and low monthly payments. Things are not expected to change in 2017 as dealerships continue wrestling with inventory that far exceeds interested buyers. Contact a dealership like Bridge City Auto Sales for more information.

3. Electric Vehicle Are Not Going Anywhere

Concern over climate change has led many potential buyers to be conscious of a vehicle's miles per gallon (MPG) rate. Some consumers have gone all the way to the green side with electrically powered cars, and such bravery is inspiring others to take the plunge as well. Car manufacturers are responding to the demand for more fuel efficient vehicles by making cars that heavily rely on electricity for power while only using a minimal amount of fuel for distance. The BMW i3 and Chevy's new Bolt EV are certainly revolutionizing the auto industry regarding style and efficiency in electric vehicles.

4. Data is Big

Consumers are always online, and car manufacturers are willing to accommodate. The correlation between smartphones and auto technology is only going to get stronger moving forward. This is good news for the techno savvy.

5. Crossovers Are Forever

The popularity of SUVs fluctuates, but the design of the crossover transcends generations. A crossover vehicle is a vehicle that takes on the form of a larger SUV but drives like a car. The automobiles are excellent on gas and perfect for moms who cannot afford to drive around the parking lot several times before finding a parking space large enough to house her vehicle. Crossovers also have the attention of college students as there is an abundance of room for storage.

The auto market continues to evolve with no signs of stagnation. Buyers should get in on the good deals now.

Views: 208

Tags: 2017, trends

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Comment by Josh Whitlatch on July 13, 2017 at 11:31am
Nice post, very helpful!

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