The automotive industry is undergoing a period of rapid transformation, driven by technological advancements, shifting consumer preferences, and ongoing supply chain disruptions. As we move into 2025, dealerships across the United States are navigating new challenges and opportunities that will shape the future of vehicle sales and customer experience. From the rise of electric vehicles to the growing demand for used cars, staying informed about the latest trends is essential for dealerships looking to stay ahead of the curve. In this blog, we’ll explore five key automotive trends that are reshaping the industry and offer insights on how dealerships can adapt to thrive in this evolving landscape.
As we dive into the second half of 2023, let's take a look at how vehicle sales and trends shaped up in the first half. Consumer preferences in the automotive industry have undergone a significant transformation towards used vehicles and electric vehicles (EVs). Factors such as economic uncertainties, technological advancements, and growing environmental concerns have all contributed to reshaping the overall landscape of the automotive market.
As we approach mid-year 2023, the growth of electric vehicles (EVs) continues to be a hot topic in the automotive industry. Prices of EVs are beginning to decrease, becoming more in line with the cost of traditional gas-powered vehicles. As technology continues to improve and production costs decrease, we can expect to see more affordable EVs in the future. This is already taking shape as we see many OEMs increasing their EV market share since January.
Hybrid and all-electric vehicles are unquestionably the future of the auto industry. Electric vehicles (EVs) are more sustainable and more cost-effective than their gasoline-dependent predecessors. As the climate changes and gas prices spike, EVs are looking more and more like the ideal buy for drivers and the inventory must-have for dealerships.
As a pop-culture talking point, Tesla sales highlight changing priorities and demographics and may serve as a predictor for future developments in specific geographic regions. Therefore, it’s not enough to know that Teslas are the leading electric vehicle in the United States. To make informed decisions, you need the most detailed sales data available. That’s where Cross-Sell comes in.