The auto industry is always changing; this is because the market is full of massive companies that are constantly trying to gain a bigger piece of the market share. They do this by creating newer, better models with better features, which the market simply eats up.
Believe it or not, Canada plays a big role in this market; with a large population and have a lot of car owners. Therefore, the trends in Canada matter. So, what are those trends? Here are the topfive in Canada today:
When you think of hybrid vehicles, you think of great fuel economy and limited performance. So the phrase “high-performance hybrids” may seem like an oxymoron. But cars like Porsche’s Panamera E-Hybrid, the Audi R8 e-Tron, and the Tesla Model S offer high-performance driving fun combined with the benefits of an electric vehicle. This latest trend in hybrids offers consumers the performance they desire and still allows drivers to be environmentally friendly. Look for more new models from almost every manufacturer.
Fully Autonomous Cars
Believe it or not, you may be driving an almost autonomous car now. With the onset of new technologies like blind-spot detection, lane change departure, backup camera sensors, cross traffic alerts, active cruise control, and many other exciting innovations that allow you to be safer on the road, you’re almost halfway there. Having someone else (even a robot) drive your car may not be a good fit for everyone, but consumers do want computers to help be safer on the road. Most manufacturers are stating that you won’t see totally autonomous vehicles on the road until 2020. There are many hurdles to clear, including government regulations, consumer acceptance, and legal issues.
The car companies as a group are serious about dramatically improving fuel economy in virtually every vehicle they sell. How? They have developed a range of technologies and design refinements.
Let’s start with CVTs or continuously variable transmissions. Nissan Motor has been an industry leader in pushing CVTs as one way to improve fuel economy. The gearless transmission is efficient, but gearheads are unimpressed. Automotive News calls this the “sneer factor.”
Citing figures from IHS Automotive, the industry publication says CVTs accounted for just 1 per cent of the North American market in 2005, but by 2010 CVTs accounted for 7 per cent of all transmissions. IHS expects CVT penetration will soar to 16 per cent of vehicles sold in North America in 2015, notes Automotive News.
Finally, engines. They keep getting smaller and smaller and more fuel efficient, yet with direct fuel injection and turbocharging buyers are losing on the power front. The new Fusion, for instance, will have only a four-cylinder lineup, though it will be a comprehensive one.
The Canadian auto market is a big one and matters to all of the major auto industry leaders. In order to make a difference, it really comes down to purchasing power. Decide what really matters to you and use that as power, and you can change the market and the future of the auto industry.