This week’s automotive advancements are anything but frightful! Take a deep dive into November’s sales numbers, and check out the latest end-of-year predictions. Plus, see who’s partnering up this time on tech innovation.
FROM AUTOMOTIVE NEWS: Light Trucks Drive Toyota, Honda, Hyundai to Gains
End-of-year sales are warming up, with holiday promotions and incentive spending pushing light-vehicle demand to rise 1.4% in November. The month rounded out with a SAAR of 17.05 million units – putting the industry on track to exceed 17 million for the fifth straight year.
FROM CBT NEWS: What November Sales Numbers Indicate for the Close of 2019
While November resulted in a flurry of monthly gains for a number of OEMs, analysts predict clear roads ahead for overall industry sales as long as political and economic factors remain steady throughout the coming weeks.
FROM AUTO REMARKETING: Buying a Used Car? 69% Will Consider It
No two buyers are alike, however a survey of more than 2,000 US adults showed that over half of consumers feel most comfortable buying used vehicles from franchised dealerships. And, 61% of respondents choose to buy used for pricing reasons.
FROM CNBC: Automakers Investing Billions in Partnerships as Industry Races Toward Autonomous and Electric Vehicles
OEMs continue to turn toward non-automotive allies to collaborate on technological advancements. A recent report forecasts that annual autonomous vehicle spending will reach $85 billion by 2025 and annual electric spending will snowball to $225 billion by 2023.