Top 10 Car News Stories for Car Lovers

The Auto Industry is Always Changing – Again Here’s 10 Big Events Car Enthusiasts Should Not Miss

The auto industry is a dynamic sector – more models, technologies, companies, and trends appear and evolve rapidly. For the car enthusiasts, such information is very interesting and useful as the news a car lover needs to know will eventually determine their next car buy or mod. 

Here’s the list of ten more biggest current storylines in the car realm that every car enthusiast should follow.

1. The Rise of Electric Vehicles

But 2022 had been a ‘Massive’ year for the EV market, where the various EVs sales volume had reached doubling the total EV share of the US market in the total auto sales, and thereby 10 % of the total auto sales. 

All the leading automobile companies around the world are now aggressively betting on electric vehicles. New important EVs in 2023, tentatively: Chevrolet Silverado EV, full-size pickup electric truck to enter production, most awaited – Tesla cheap $30K, hatchback. 

Range will be extended through batteries and chargers, who’ll also charge much more quickly.

2. New High-Performance Models 

All the leading car makers are launching new high perfomance models for the year 2023. Most obvious is the resurgence of 6-speed stick shift in sporty cars, such as Ford Mustang GT, Chevy Corvette Z06 and Acura Integra. 

The Dodge Hornet GLH Concept also heralds more affordable performance cars; part-electric supercars such as the Ferrari 296 GTB or Lamborghini Sian are also included.

3. The title of the article is the Microchip Shortage Recovery

Pandemic led microchip crunch affected automobile manufacturing for the last two years drastically. But large extents are untying supply chains. Car makers expect inventories to get back to their normal levels before the shortage by 2023. 

This will also reduce long waitlists and scarce choice for consumers to purchase vehicles in the future.

4. The Independent New Brands in the US Market

New car brands which are exhilarating were unknown to America before are now entering; they include Vinfast electric SUVs from Vietnam, the performance brand Lancia from Italy, and the smart and electric car company, Ora from China. 

Other well-developed car manufacturers also tend to plan their entries into a new market, such as India’s Mahindra. Industry internationalization means that US buyers can expect to see even more uniqueness in vehicles offered in the following years.  

5. Self-Driving Technology Launch

Most significant advancements for self-driving cars in the year 2022 and as Mercedes, Honda, and other auto makers revealed hands-free highway driving assistance. 

California also provided a testing permit for public roads to Cruise and Waymo and other self-driving car manufacturers. In this area, changes to look out for include, AV taxi services deploying, and potential new laws regarding self-driving cars across the country.

6. Growth of Online Car Buying

Evolutions due to COVID 19 emergencies made customers buying cars, fully soaring on-line without visiting showrooms. This year, Carvana, an online-only retailer of used cars, has demonstrated 100% y-o-y sales increase. 

The traditional car manufacturers such as Ford have also indicated they will introduce the e-commerce model of vehicle selling and this may revolutionize how future generations purchase automobiles. 

7. Shorter Auto Loan Terms

In order to avoid higher monthly charges due to increasing car prices and rates of interest, customer prefer New 24-36 Months Auto Loans cutting down from conventional 60 month auto loans. Notably, this leads to higher monthly charges; nevertheless, shorter ever loan tenures see one paying lower on interests. 

This is because if the trend goes on, then sources of short term funding could radically alter car acquisition.  

8. In Response to the Return to the Station Wagons and Minivans

Compact sedans rule car platforms, but with the year 2023 automobile companies tap into fewer-demanding minivans and wagons again. 

Such refreshing updates as Chrysler Pacifica Hybrid minivan, VW ID. Buzz electric microbus and Buick Wildcat Concept sport wagon have revealed new consumer trend of fancy and functional family cars.  

9. Software-Defined Vehicles

Most of these innovations are now being embedded in electric power trains thereby moving from mechanical to digital. OTA or firmware upgrades can add new distance, power or infotainment choices to your car. 

Even the companies are starting brand-new ventures are going the extra mile of making vehicles programmable for the specific tasks. These are software-defined vehicles giving designers virtually unlimited choices of options.  

10. Gas Prices Declining  

Although gas prices have reached all-time high in mid-2022, they have gone a little back down towards the second half of the year. National average for unleaded is a few dollars less than that at about $3.50 per gallon, or a few cents above non-peak prices. 

The cost projections for prices rising under $4 are expected to remain up to 2023. As fuel costs come down, car ownership is back in the realm of possibility yet again.

It seems that the auto industry has a lot on its plate in 2023 and the future years. For those into automobiles and are interested in auto tech and vehicles, staying abreast of ev, self-driving cars, and online purchasing and emerging consumer preferences will yield smart consumption. 

And bringing information on tracking on gas price change, performance model launches and even microchip supply recovery timelines will assist the buyers in being informed on the best time and model to choose vehicles.

Knowledge of the latest trends helps the passionate car enthusiasts remain as fully engaged in this dynamic sector as possible.