Over the five year period covered in this report, the pace of change and introduction of new technology on new vehicles has accelerated greatly, with no abatement in sight. The makeup of the new vehicle fleet changed over the study period as sales soared from 14.43 million units in calendar-year 2012 to a record 17.46 million in 2016.
Low fuel prices in the U.S. lured consumers away from cars to light trucks, with cross-utility vehicles' (CUVs) share of the U.S. light-vehicle market rising from 24% in 2012 to 32% in 2016, while cars slipped from 50% of the market to 39%.
Nonetheless, with more stringent fuel-economy and emissions standards imminent, manufacturers introduced a number of innovations to the internal combustion engine, making the traditional power type more efficient than ever before - even as the companies simultaneously offered an increasingly large array of electrified powertrains- from hybrid electric-gas propulsions systems (HEVs) to plug-in hybrids (PHEVs) and fully electric (EVs) and fuel-cell powered vehicles.
New technology and connectivity drove development and implementation of new systems and options, such as Bluetooth, Wi-Fi, and voice recognition technology, while a new focus on interior comfort, and declining costs brought many features, such as power seats, heated and cooled seats, navigation systems, keyless vehicles and more, to consumers outside the luxury market.
With distracted driving a major concern in a smartphone-obsessed culture, and traffic fatalities on the rise, new safety features reflecting the industry's new focus on collision avoidance in addition to collision mitigation, have come to the market in droves.
- Jaguar Land Rover
- Johnson Controls Power Systems
- Mitsubishi Electric
- Schaeffler Group
- Sumitomo Electric
Key Topics Covered:
- About this Report
- About the Publisher
- Powertrai NS
- Comfort and Convenience
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