The 21.3% of consumers who plan to freshen up their driveway with a new car this year may experience sticker shock if they’re heading to the dealership for the first time in a few years, according to the car-shopping experts at Edmunds. Thanks to a combination of rising interest rates, longer loan terms and higher average transaction prices, Edmunds experts say, on average, a buyer could pay $6,500 more to purchase a new vehicle than they did five years ago.
As auto shows around the country showcase the latest innovations in the market, it seems consumers are increasingly setting aside their car keys in favor of ride-sharing apps. New research from Mintel reveals that the percentage of those who have used a ride sharing service has grown 30 percent in the last year. Indeed, 30 percent of Americans used a ride sharing service in 2017 compared to 23 percent who used these services in 2016.
“Classic pickups are becoming a favorite item at collector auctions,” CNN Money reports. “For example, auction prices for 1947 to 1955 Chevrolet 3100 pickups have risen 33 percent in the past three years, according to the collector car market watchers at Hagerty Insurance. Prices for newer 1973 to 1987 GMC trucks have risen 22 percent, and prices for big 1945 to 1968 Dodge Power Wagons have gone up 34 percent.”
Jumpstart Automotive Media, a leading media, insights, and marketing solutions company, today released its February shopper interest data results, showing how much luxury-oriented consumers are now cross-shopping full-size pickup trucks. In February, the full-size pickup truck segment climbed four spots from last year and now represents the third most-shopped segment, the highest it’s ever been according to Jumpstart.
Lately, RVs have taken on a whole new life with many different sizes and options, add-ons and innovations. So what can adventure-hungry travelers expect to see in 2018? GoRVing.com editors have the run down. Expected trends: smaller RVs; unique floorplans; integrated tech; #Vanlife attitudes and influencers making the camper cool again.
2018 is looking to be the greenest year yet for the auto market, according to new data from Edmunds, the leading car shopping and information platform. Edmunds analysts project that overall market share for green vehicles (EVs, plug-ins and traditional hybrids) will reach 4.4 percent in 2018, compared to an estimated 3.2 percent in 2017.
Many dealers are betting on a strong economy and strong used-car sales this year, and some are even adding stores or refurbishing or replacing existing ones. Here are trends worth tracking in 2018, and why, according to industry watchers who monitor the retail used-vehicle market.
After extensive testing and evaluation, with emphasis on safety ratings, overall value, versatility, amenities, comfort, drivability and technology, Kelley Blue Book’s KBB.com expert editors name their recommendations for the Best Family Cars of 2018.
Technological change is sweeping the boating world, and boat builders have been churning out newer, better designs that deliver greater value than ever, boat.com reports. Thanks to CAD designs, 3D printing and a host of new technologies, today’s boats offer all-new levels of quality, comfort and reliability. Here’s a look at emerging trends in new boat design.
Despite advances in vehicle technology, including maintenance reminders and other dashboard alerts designed to mitigate roadside trouble, AAA rescued a record-breaking 32 million drivers in 2015, with more battery, flat tire and key problems than ever before, a new study shows.
New-car buyers would do well to spend less time looking under the hood and more time examining all the technology in a vehicle. Of course, the powertrain still matters, but more important is how the driver and vehicle occupants interact with today’s increasingly sophisticated automobiles. To help new-car shoppers navigate available in-car features, Kelley Blue Book named the 10 Best Automotive Technologies of 2018.
Keep abreast of the latest trends in corporate transportation to better market to customers and potential customers! Staff bloggers at MTC Limousine spotlighted trends they see in the industry. Limousine and private car companies can use these to start 2018 off in the right gear.