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3. Increased Sales of Pre-Owned Vehicles 7. Shared Mobility
There is a boom in used car sales. Car industry Shared mobility is a new business model
experts anticipate a 9% growth rate in used car growing in popularity that is an alternative to
sales between 2019 and 2025. The demand for vehicle ownership in the traditional sense.
used automobiles is rising. These vehicles have With shared mobility, two or more people use
many of the latest automotive technologies but the exact vehicle with short-term access. It
are not as expensive as new ones. Dealerships is mobility-as-a-service like Uber or using a
now have inventories full of certified pre-owned personal rental. This demand- driven vehicle-
autos that look, feel, and function like new cars sharing arrangement has become a lot more
but cost much less. popular in recent years. New companies
4. More Connected Cars offering shared mobility options are popping up
daily, creating a creative, affordable, convenient
Connected cars are vehicles connected to alternative to vehicle ownership’s high costs
the Internet. These vehicles provide a safe, and many responsibilities.
comfortable, convenient multimedia experience
by using on-demand features that allow you to 8. Autonomous Self-Driving Vehicles
do anything you want on the web while in your Autonomous self-driving vehicles are here
vehicle. The vehicles can share internet access and will be more prevalent. Research has
and data with devices inside and outside the shown autonomous vehicles are safer, reduce
car. Connected cars now send digital data and downtime, expand the last-mile delivery scope,
remote diagnostics, vehicle health reports, reduce driver fatigue and negligence- related
get turn-by-turn directions, warn of car health accidents, improve fuel efficiency by 10%, and
issues, and directly intervene to prevent reduce CO2 emissions by 42 million metric
breakdowns. Over a billion customer requests tons annually. Several trucking companies have
were processed by 2015, and connected car installed self-driving technology.
technology will explode on the scene in diverse 9. Automakers and Technology Company
ways in 2023 using artificial intelligence and Partnerships
maintenance technology.
With the rapid rate at which new
5. More Innovative Online Marketing technological advancements are being added
Strategies to cars and other vehicles, it is not surprising

Automobile dealers use third-party e- to see automakers and technology companies
commerce platforms to market cars, schedule forming partnerships.
visits, and book test drives. Social media Electric, connected and autonomous vehicles
influencers significantly engage consumers require specialized software and advanced
and generate interest in the new vehicles. technology to function safely and correctly.
6. The Emergence of Fuel Cell Electric Car, truck and SUV manufacturers must either
Vehicles make massive investments in their technology

The worldwide emergence of fuel cell electric divisions or partner with tech companies that
vehicles is poised. More and more people can design and produce the new operating
embrace fuel cell electric vehicles because they systems the next generation of technologically
recharge faster, have up to 5 times the range advanced automobiles will need.
of other electric vehicles and only emit water Article by:
out of their tailpipes. Many cars, truck, and SUV
manufacturers are investing in fuel cell electric Aditya Uttarwar
vehicle development. Appana Patil
Kadambari Suryawanshi
Rohit Maghade
Yogesh Bangde
5 | Linkipn 2022-23