According to J.D. Power, millennials made up the largest group of car buyers in 2020, accounting for 32% of total new-car sales. And, as one of the largest buying groups by demographic their behaviours are shaping the future of the automotive market.
As a technology company, we’re always asking ourselves:
“What do people want from their car buying experience?”
Based on current research data from Deloitte, only half of consumers aged 18 to 35 still want in-person transactions. Automotive retailers are following suite with more and more services becoming available online and in digital format, such as:
Online search and immersive/virtual viewing of a car
Online financing and approvals
Online contract signings and digital notarization
Such data indicates that the automotive industry is trending towards a fully digital approach. What will that look like?
1. Everything will happen with a swipe and click
From choosing your car on your phone to viewing the interior cabin through VR/AR. The entire sales process for buying and selling a car will take place online. Dealerships will still exist—for a while--until most of the car buying experience is fully digitized.
2. Buying and selling a car will become a lot easier
Same day delivery. 24hr digital support. Automated pick-up and drop-off (something we already do) of a car will all be the norm. Buying and selling a car will be like buying and selling anything online. Online platforms, like ours, will facilitate this change by making the sales experience easy.
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3. Electric Vehicles will be at the forefront of change
Tesla changed the dealership model to some degree with most of the buying experience taking place on their sleek and user-friendly website with less focus on the retail location. The growth and transition to EVs are also pushing dealerships to either change or fold. For example, 20% of Cadillac dealers accepted a buyout offer rather than follow the brand into an EV-only sales model. Explore transparent and competitive pricing for cars sold with our comprehensive database. Get the best deal for your next vehicle today!
The future of buying and selling a car will look much different than it does today with more focus on digital experiences as opposed to physical retail ones. With new immersive technologies being adopted by automotive manufacturers and new carmakers pushing the envelope on traditional methods of buying and selling - the future of driving is going to be a lot of fun.
Navigating Tomorrow: Buying and Selling Cars in the Future with Autozen
As the automotive industry undergoes a profound transformation, the way we buy and sell cars is also evolving. Future car trends, such as the rise of electric vehicles (EVs), are shaping the landscape of buying and selling cars in unprecedented ways. Autozen is here to guide you through this exciting journey.
Electric Cars: Future Trends Redefining the Market
One of the most significant future car trends is the electrification of the automotive industry. Electric cars are becoming increasingly mainstream, thanks to advancements in technology, environmental concerns, and government incentives. Autozen is at the forefront of this shift, helping consumers embrace the future with confidence.
Buying Car in the Future: Embracing Electric Mobility
The process of buying a car in the future will be fundamentally different. Autozen emphasizes that electric cars bring new considerations, such as charging infrastructure, battery life, and range. Autozen provides valuable insights to help you choose the right electric vehicle to fit your lifestyle.
Selling Car in the Future: Adapting to Changing Preferences
Selling a car in the future will require a deeper understanding of consumer preferences. Autozen's expertise in future car trends will assist you in marketing your vehicle effectively, emphasizing its eco-friendliness and advanced technology to attract potential buyers.
Environmental Consciousness: A Driving Force in Future Car Trends
In the future, environmental concerns will play a pivotal role in buying and selling cars. Autozen recognizes that consumers are increasingly conscious of their carbon footprint and seek energy-efficient, eco-friendly vehicles. They offer a range of resources to help you make greener choices.
Tech-Savvy Features: A Must-Have in the Future
As technology continues to advance, future car trends point to a growing reliance on tech-savvy features. Autozen advises that connectivity, autonomous driving capabilities, and cutting-edge infotainment systems will be significant selling points when buying and selling cars in the future.
Sustainability and Resale Value: Autozen's Approach
Autozen understands that electric cars often retain their value well. They offer valuable insights into how investing in an electric vehicle today can benefit you in the long run, both financially and environmentally.
In conclusion, as we step into the future of the automotive industry, Autozen is your trusted companion. Their expertise in future car trends, especially in the electric car segment, helps you make informed decisions when buying and selling cars. The transition to a more sustainable, tech-savvy, and eco-friendly future is made easier with Autozen's guidance. Embrace tomorrow with Autozen as your guide and drive into a greener, more innovative world of cars.
You may also be interested in our services:
- Selling your car? Here's How to Maximize Dollars and Minimize Time When Selling a Car
- The Best Three Ways to Sell Your Car in Canada by Autozen
- When Is The Best Time To Sell A Car to Get Maximum Value
Good Luck to You 🌊