By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
WheelsupdatesWheelsupdates
  • HOME
  • AUTO NEWS
  • MOTORCYCLE
    • Bikes
      • Royal Enfield
    • BIKE SPARE PARTS
  • SCOOTERS
  • CARS
    • CARS COLLECTION
  • ELECTRIC VEHICLE
  • ACCESSORIES
  • WEB-STORIES
  • BIKE EMI CALCULATOR
Reading: How Automotive Market Insights 2021 Reshaping The Automobile Industry?
Share
Notification Show More
Font ResizerAa
Font ResizerAa
WheelsupdatesWheelsupdates
Search cars, bike, scooters
  • HOME
  • AUTO NEWS
  • MOTORCYCLE
    • Bikes
    • BIKE SPARE PARTS
  • SCOOTERS
  • CARS
    • CARS COLLECTION
  • ELECTRIC VEHICLE
  • ACCESSORIES
  • WEB-STORIES
  • BIKE EMI CALCULATOR
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Wheelsupdates > Blog > CARS > How Automotive Market Insights 2021 Reshaping The Automobile Industry?
CARSNEWS

How Automotive Market Insights 2021 Reshaping The Automobile Industry?

obaidullah
Last updated: August 31, 2022 1:22 am
obaidullah
Share
6 Min Read
How Automotive Market Insights 2021 Reshaping The Automobile Industry
How Automotive Market Insights 2021 Reshaping The Automobile Industry
SHARE

Key points

Toggle
  • People prefer car ownership
  • People prefer online car buying
  • Smart Cars in the Market
  • People turn towards the digital events
  • Used car sales increased

The automotive industry was shaken by unprecedented COVID-19. Many auto brands had to shut their workshops and set their workers on a minimum monthly wage until lockdown. Before it all happened, we did the automobile market analysis and found technology-based cars, driverless vehicles, and electric cars, and scooters in the market. But auto industry sales were negatively dropped as the unpredictable happened. According to an automotive market research report, the decadal growth of the auto industry slowed from 12.8 per cent to 1.8%.

Contents
People prefer car ownershipPeople prefer online car buyingSmart Cars in the MarketPeople turn towards the digital eventsUsed car sales increased
How Automotive Market Insights 2021 Reshaping The Automobile Industry
How Automotive Market Insights 2021 Reshaping The Automobile Industry

As automotive brands prepared themselves for FY21, they adopted new methods of sales-boosting as they adapted the “new normal.” Now they prioritize the initiatives that bring car buyers to them at their convenience. So, here are five automobile industry trends that helped automakers prepare for what’s ahead.

People prefer car ownership

Automotive industry research was conducted, and it was found that everyday modes of transportation became an issue amid the pandemic as people did not want to share rides through public transports. As a result, their desire to own a vehicle has grown more than ever. Droom’s automobile trend report in their market insights showed that 57.4% of people bought cars while 18.5% and 14.3% of people bought bikes and scooters.

This growth in automobile purchases also drove used cars and bikes sales as people found comfort in personal spaces while owning a vehicle. This also made them secure while being at a safe distance from the public.

People prefer online car buying

As every sector went online in the wake of the pandemic, people started searching for auto stores online. Moreover, as more and more people wanted to buy vehicles, they also wanted an experience in their vicinity. Thus, auto showrooms availed for people home-delivery, at-home drive test, review videos, and video conferences. As a result, an increase in the number of virtual auto stores was also witnessed.

Thus, automobile e-commerce had a significant surge. In addition, auto e-commerce portals helped car buyers to interact with dealers seamlessly.

Smart Cars in the Market

Driven by internet availability, car manufacturers are building smart connected features in their cars. Over the last few years, technology in vehicles has been developing at a faster pace.  Automobile market overview explains that car manufacturers have developed their cars with blue link technology to connect the car with mobiles. Cars with voice-controlled commands, touch screen infotainment systems, super sound systems, safety alarms, and sensors are preferred more by car buyers today. Customers can access a cloud-powered app from their smartphones to control the features of their cars. AI-based cars are expected to transform conventional functions.

Also see | How to Find Fair Market Price of Any Used Car?

People turn towards the digital events

As the covid lockdown happened, more and more events were canceled or required to be postponed, a large group of people shifted their events online. As a result, more and more people turned towards digital events for auto industry research. Many auto manufacturers organized their live streams to engage potential car buyers in their latest products. YouTube channels and live streams were also increased as most people wanted to have a car buying experience from their homes. Manufacturers did not know that a pandemic would help them to grow their sales.

Used car sales increased

Because people did not want to share rides with other people in public transport, many bought used cars to avoid public interaction. Not only a fear of being in touch with people to prevent contact with the pandemic but also to maintain hygiene and avoid any chance to catch covid. Automobile E-Commerce like Droom has made for car buyers the experience of buying a second-hand car very easy. These online E-Commerce portals have changed the face of the used car market.

Conclusion…

The pandemic has changed the auto business for good, and while we cannot predict the future, we know that digitization will be seen more in FY 2022 and upcoming years. As a result, automakers will be shifting towards greater technologies in their vehicles, and automobile e-commerce will occupy the market.

Also see |

Rashed Belhasa AKA Money Kicks car collection in 2021

2021 Bentley Bentayga on road price in India and specification

Mercedes-Benz G wagon Brabus price in India 2021

Share this:

  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on WhatsApp (Opens in new window) WhatsApp
  • Click to share on X (Opens in new window) X
  • Click to share on Reddit (Opens in new window) Reddit
  • Click to share on Pinterest (Opens in new window) Pinterest
  • Click to share on LinkedIn (Opens in new window) LinkedIn

Related

Royal Enfield himalayan spare parts price list in India 2021
[Latest] Shahrukh Khan car collection in 2023
Maruti Suzuki Fronx Petrol and CNG Price, Mileage, Top speed, 0-100 kmph, features, Variants, Specification
Simple One Electric Scooter Price, Range, Top speed, Features
KTM DUKE 790, price, specs and review in India
TAGGED:Auto newsautomobile futureAutomobile industry after COVID - 19automotive industry trends 2030
Share This Article
Facebook Whatsapp Whatsapp LinkedIn Telegram Copy Link Print
Share
Obaidullah khan founder of wheelsupdates.com
Byobaidullah
Follow:
Hi, I am obaidullah khan a bike and car enthusiasts who love car and bike from childhood. Ridding a bike gives me next level feeling and i love driving luxury car. My favorite and dream motorcycle is Kawasaki ZX10R and my favorite and dream car is BMW 7 series. I am not a fan of sports car but i would love to have Ford Mustang.
Previous Article tvs apache rtr 160 spare parts price list TVS Apache RTR 160 spare parts price list pdf 2021 | Catalog PDF
Next Article india's first bmw C400 gt owner swaran paji India’s first BMW C400 GT Maxi-Scooter delivered to Swaranjeet bajaj AKA Swaran Paji.

Follow us

Wheelsupdates google news
Wheelsupdates youtube channel
Wheelsupdates facebook page
Wheelsupdates instagram handle
wheelsupdates telegram group

Latest News

Best Bike under 1 lakh
Top 10 best bikes under 1 lakh in India 2024
MOTORCYCLE BEST BIKES NEWS
October 1, 2024
Honda Activa 6G spare parts price list
Honda Activa spare parts price list 2024
Scooter spare parts NEWS SCOOTERS
September 18, 2024
TVS Jupiter 125 spare parts price list 2024
TVS Jupiter 125 spare parts price list 2024
Bike spare parts NEWS SCOOTERS
September 15, 2024
Royal endfield classic 350 accessories list in india 2021
Top 15 Best Accessories for Royal Enfield classic 350 in India 2024
ACCESSORIES NEWS
September 2, 2024

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly.

//About Us

WheelsUpdates.com delivers the latest news on motorcycles and cars, including new launches, reviews, and comparisons. Owned by Obaidullah Khan, the site is dedicated to providing quality updates on the automobile industry, ensuring readers stay informed about the latest trends and developments.

Quick Link

  • ABOUT US
  • PRIVACY POLICY
  • CONTACT US

Find Us on Socials

© 2019 WheelsUpdates.com. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?