WSMAG.NET BLOG | Five Trends Driving New Vehicle Purchases | Auto Talk, Featured | July 7, 2021 | WestSound Magazine

WSMAG.NET BLOG | Five Trends Driving New Vehicle Purchases | Auto Talk, Featured | July 7, 2021 | WestSound Magazine

Purchasing or leasing a new vehicle includes plenty of preparation and factor to consider. Many millennial (69 percent) and Gen Z (71 percent) respondents either already own or plan to own or rent a hybrid or EV. And for 34 percent of Americans who would not change anything about their present vehicle, that holds true. Just 18 percent of Gen Z and 20 percent of millennial respondents are pleased with what their current lorry provides, compared to 49percent of boomers and 56 percent of silent generation Americans. As they get older and acquire more purchasing power, millennial and Gen Z drivers may be making a move for the functions they want in a new vehicle.

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Purchasing or leasing a brand-new automobile involves a lot of preparation and consideration. You think about what features you d like to include, like self-parking technology or heated seats. And you ask how your needs might be changing, which could imply moving from a compact to an SUV or from gas to electrical.
According to the current Hankook Tire Gauge Index, almost two-thirds (62 percent) of Americans would alter something about their current car, such as the size, safety functions or perhaps the color. So what are the most significant motorists for Americans going into the brand-new automobile market?
1. Eye on Safety
The most important feature for Americans taking a look at brand-new lorries is safety, with almost a quarter saying that a new vehicle has to safeguard them and their enjoyed ones. Thats specifically real for women, who position a greater premium on security than males when choosing a new vehicle (30percent vs. 18 percent).
A fantastic method to make sure that a brand-new vehicle will use the very best security is to research safety rankings from both the National Highway Traffic Safety Administration (NHTSA) and the Insurance Institute for Highway Safety (IIHS). Both organizations test and rate the most popular cars on the market and supply independent, comprehensive reports on how they carry out in a range of mishap circumstances.
2. Saving at the Pump– and the Socket
A close 2nd to security is fuel performance, with great mileage ranking as the most crucial element for 23 percent of Americans when selecting a brand-new lorry. Its likewise essential to consider both city and highway fuel economy, and decide based on the most likely type of driving that will be done.
Effectiveness isnt just for gas-powered vehicles, either: Electric mileage is simply as crucial for motorists looking for new electric lorries (EVs) and hybrids. The Environmental Protection Agency uses an informative section on its fueleconomy.gov site to determine not simply what an EVs range is, but the equivalent annual expenses in electricity.
3. Going Green
With a lot of customers focused on the performance of their next automobile, its not a surprise that over half of all Americans (52 percent) either currently own or rent a hybrid or EV (18 percent), or strategy to in the future (34 percent).
A lot of millennial (69 percent) and Gen Z (71 percent) respondents either currently own or plan to own or rent a hybrid or EV. Thats likely due to the fact that of brand-new policies, such as Californias plans to phase out gas-powered vehicle sales by 2035.
4. Tailoring up with Gadgets
It can be difficult to pick from the variety of whistles and bells readily available on the most recent automobiles, but for lots of Americans, theres a clear list of must-haves. Backup video cameras were the top requirement for 29 percent of Americans, followed by Bluetooth connectivity (16 percent) and blind spot detection innovation (14 percent).
Not all tech is an essential. Only 6 percent of respondents stated they would consider self-parking technology as a requirement, and 15 percent said they dont have any technological deal-breakers when taking a look at new lorries.
That could still change: After all, backup cameras were presented to the United States in 2002, and have quickly become the top option for in-car tech.
Thinking outside the Cabin
Hankook Tire asked Americans what unusual function they d enjoy to have in their vehicles, and 38 percent stated they would include a fridge while 19 percent would take a coffee maker. That brings an entire brand-new significance to a cup o joe to go!
5. Sticking to What Works
As the saying goes, if it aint broke, dont fix it. And for 34 percent of Americans who wouldnt change anything about their existing automobile, that applies. When this group of Americans require to purchase or lease a new car, its likely that theyll stick with what they know and like, consisting of body design, color and features.
Thats less so for more youthful Americans. Just 18 percent of Gen Z and 20 percent of millennial participants enjoy with what their existing car provides, compared to 49percent of boomers and 56 percent of quiet generation Americans. As they age and acquire more acquiring power, millennial and Gen Z drivers may be making a move for the features they desire in a new car.


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