Technology is impacting our lives in just about every facet. One thing people in America do pretty much every day is drive r ride in a vehicle. Technology is drastically changing our relationships with cars and automakers are trying to capitalize on these changes. Whether it is something as simple as better monitoring devices telling you a portion of your engine needs maintenance, to fuel economy to even cars that can handle some or all of the driving responsibilities; the auto industry is changing dramatically in many ways. Here are 6 ways the auto industry is changing that impact your daily life.
Purchasing a car
Now it is easier than ever to find good information about and access to used cars than ever before. In the past a buyer had to physically go to or call several different dealerships in an effort to find more selection and competition for your business. Now more than ever many dealers are at the click of a mouse. Websites like cars.com, carmax.com, cargurus.com and autotrader.com give car buyers more information, a larger selection and better prices on used vehicles than ever before. Access to better, more in-depth advice is crucial to consumers as well.
It’s Easier to Get Advice and Tips for maintenance
In the past mechanics were at much more of an advantage when it came to the required maintenance of your vehicle. The internet has changed the way we learn about our cars and how we fix them. Most all vehicle manuals and recommended maintenance are posted online. Also, the prices for parts and service are all at the click of a mouse or even at your fingers through your mobile device. When a maintenance price sounds high, a customer can get a quote from a competitor in a matter of seconds. This is something that could take hours if not days in the past.
Cars now have many features that help drivers to be as safe as possible when they are behind the wheel. Not many companies are currently developing fully automated models, but most are introducing features that assist the driver in many ways. Most carmakers are easing in to these technological advances, but most are adding advanced safety features like rear view cameras, automatic braking, collision avoidance systems, pedestrian and cyclist alerts, cross-traffic alerts, and intelligent cruise controls.
The autonomous vehicle
Some manufacturers are jumping full-steam ahead in to the world of autonomous vehicles.
Tesla has already begun offering vehicles that have immediate brakes and driverless lane changing. Google is another company that is working to develop the ability to analyze red lights, speed limit signs and have sensors in every part of the vehicle to detect a potential collision. Completely driverless vehicles are still several years if not a few decades away, but vehicles with features that make driving easier and safer are here to stay. One way this will impact the industry is the shift in liability from the driver towards the manufacturer. This could drastically shift the market for auto insurance from the personal side of the industry to increasing the demand for commercial auto insurance.
Lighter weight materials lower the cost of production.
As car companies use technology more in the design of vehicles, they are able to make cars that are far more efficient than ever. The vehicles of today are much lighter than even five years ago. This benefits the industry by lowering the production costs of vehicles. This allows companies to get more profit out of the vehicles they sell and allows them to lower the overall price of the vehicle for the consumer.
Increased Energy Efficient Design
Most vehicles today are lighter than at any time in the history of the auto industry. These lighter vehicles benefit both the automaker and the driver by increasing the fuel economy of the vehicle. Some of this has been brought about by new environmental laws and greater concerns about our environment form consumers. With the new administration, this focus on regulation will more than like go away, but the demand for fuel efficient vehicles from the consumer will probably remain high.
Walt Capell started Workers Compensation Shop.com in 2005. Workers Compensation Shop.com is a rapidly growing national insurance agency with a strong reputation for forward-thinking, out-of-the-box products and solutions for business owners. Walt would like to use his experience as a small business owner and insurance expert to benefit the next generation of leaders.