Car Trends to Expect in 2024
Car prices are likely to go up in 2024.
The automobile industry experiences rapid changes yearly, usually to accommodate technological advancements, changes in market demands, and new regulations. Knowing the expected trends is necessary for car enthusiasts to stay ahead of the game and make better buying decisions.
Here are the top car trends to expect in 2024:
A preference for shared cars
Car prices are likely to go up in 2024. Since many people can’t keep up with a price hike, they’ll enter into leases instead or use ride-sharing services. Therefore, there will be a shift from individual car ownership to shared usage.
Increased communication between cars and surroundings
In 2024, cars will do more than move people from one place to another. They will see internet integration either through tethered or embedded systems. Tethered systems consist of hardware that sources connection from a nearby smartphone. On the other hand, embedded systems have a built-in antenna and chipset.
Either way, these systems will allow vehicles to collect information from apps, other cars, and the internet. With this data, they can update drivers on the right roads to use and car parts that need maintenance.
Increased sales of electric vehicles
When electric vehicles first surfaced, they were too costly for most people. However, with major automotive companies investing in this area, these vehicles will become more accessible and affordable. According to Global EV Outlook, over 2.3 million electric cars were sold in the first quarter of 2023, and the pace is expected to continue in 2024.
Besides dominating the market, electric vehicles will also see significant advancements in battery technology to make them convenient for everyday use. Furthermore, more charging ports will appear around workplaces, homes, and public areas.
More eco-friendly vehicle manufacturing practices
Besides shifting to electric vehicles to reduce fuel pollution, manufacturers have embraced sustainable practices. In 2024, this trend is only going to get better. Expect to see more eco-friendly and recyclable materials in vehicles. In addition, manufacturers will explore fuel alternatives such as hydrogen to keep the environment green while maintaining or improving vehicle performance.
More car sales online
With continued growth in technology, buyers prefer searching for vehicles online rather than in physical showrooms and lots. Consequently, there will be an increase in online showrooms and improvements in digital car retail services to meet this change in buyers’ preferences.
Although this benefits buyers because they can shop from anywhere, it also comes with risks. For instance, disreputable sellers can display “unreal” cars to deceive unsuspecting buyers. As such, buyers must do more research before purchasing a vehicle online.
Stay informed
Like every new year, 2024 will likely bring major shake-ups in the car industry. These revolve around giving car users a better experience. Those planning on replacing their junk cars with one of these new trends should contact the professionals. Junk car experts will give sellers the best value and ensure the old vehicle is removed to make way for the new, tech-savvy one.
If you are in the Phoenix Metro area and want a no-hassle cash offer on an old, wrecked, unwanted, salvage or burned car, SUV, van or truck, give us a call at I Buy Junk Cars. 480-771-8290.