Revolutionary Automotive Industry Trends For 2022

December 11th, 2023 by

Learn more about auto industry trends for 2022

The automotive industry is changing and evolving at a rapid pace. Trends in the industry are constantly emerging, and some of these trends will shape the future of the automobile. This post will explore the revolutionary automotive trends you need to know about for 2022!

Emerging automotive trends

The future of the automotive industry is looking bright. With the revolutionary trends just around the corner, there’s no denying it! Here are some of these game-changing innovations:

Self-driving cars

Self-driving cars will be available to the mainstream public, making commuting more accessible and more enjoyable for many people. This year alone, there has been a ton of news about self-driving cars, including some prototypes being tested out by companies like Google and Tesla Motors Inc., not to mention Uber’s recent purchase of Otto, a maker of self-driving trucks!

EV’s (Electric Vehicles)

Electric vehicles will become even more popular than they already are due to government regulations about fuel consumption. These environmentally-friendly vehicles produce zero emissions and require less maintenance than their gas-powered counterparts.

How will the new automotive trends impact the world?

Let’s discuss how these revolutionary trends, from self-driving cars to new regulations on carbon emissions, will impact car buyers, the automotive industry, and the environment. Analysts at McKinsey & Company have made their predictions for 2022, and here are just a few!

  1. There will be a significant rise in the number of people who buy used cars versus new ones because they find it cheaper or more convenient;
  2. The average annual cost of owning a vehicle, including fuel costs and maintenance, could exceed $20,000;
  3. Self-driving cars will become mainstream within five years due to lower insurance rates and fewer traffic accidents;
  4. Car ownership may start to decline as ride-sharing becomes more popular;
  5. Demand for fancy cars may increase with the availability of services to lease luxury for less, making it affordable for working professionals. A car subscription is similar to a lease with more flexible terms, allowing clients to drive high-end, premium vehicles for a shorter period at a lower price. The younger generation seems more attracted to subscription-based cars instead of buying their own car due to its ad-on advantages of maintenance coverage, no hassle of going through the stressful vehicle buying process and associated risk factors, and depreciation in the automobile’s value with time.
  6. Digital marketplaces for selling automobiles online will increase.


Just as the auto industry is evolving, dealerships will also have to rethink their business model to cater to the changing patterns of car buyers. They need to provide services and products online with value additions to attract customers at a competitive rate. Given the predicted trends, they should include used cars and electric vehicles in their inventory to meet the rising demand. Also, they may want to include car subscription services to their list of offerings and take the lead in this evolving business segment!

You can learn more about the available options in online car buying at your reliable and trusted source of Eastern Shore Toyota, serving Summersale, AL.

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