6 key auto-industrytrends for 2024

Transform Your Dealership with the Future of Automotive Technology Welcome to the Next Generation of Car Sales, Service, and Connectivity.

As the automotive industry rapidly evolves, staying ahead of emerging trends is critical for success. The future is electric, connected, and data-driven. Here’s how you can lead the way into 2024 and beyond by embracing new technologies and providing exceptional customer experiences.

Key Trends Shaping the Future of Automotive

1. The Rise of Electric Vehicles (EVs)

The global shift toward sustainability is accelerating.

  • 54% of vehicles must be electric by 2030 in the US.
  • Zero-emission vehicles are mandatory for new car registrations in the EU by 2035.
  • The UK will ban the sale of new petrol and diesel cars by 2030.

In 2024, hydrogen fuel cell electric vehicles (FCEVs) will also take center stage, offering consumers a 300-mile range and fast refueling. It’s time to get ready for the mass adoption of EVs.

Opportunity for Dealerships:

  • Embrace training and comprehensive support for EV servicing.
  • Understand new battery technology and charging infrastructure.
  • Build consumer trust by positioning your dealership as an EV expert.

2. Connected Vehicles – A New Era of Car Technology

From advanced navigation and digital keys to vehicle-to-vehicle communication and in-car payments, connected vehicles are reshaping how we interact with our cars. By 2035, 100% of cars will feature basic connectivity, with one-third of vehicles offering full connectivity.

Key Features to Watch:

  • Advanced Navigation
  • Vehicle-to-Vehicle Communication
  • In-Vehicle Payment Systems (projected to be a $600 billion industry by 2030)
  • Personalized Driver Assistance powered by AI

Opportunity for Dealerships:

  • Train your team to understand the value of connected services.
  • Monetize connected-car data through partnerships with tech giants like Amazon Pay and Google Pay.
  • Offer unparalleled customer service to connected car buyers.

This article is posted at uber.com

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Author: Pivotal Customer