General Motors Retains Leadership As Top Manufacturer In Automotive Loyalty Awards Presented By IHS Markit
IHS Markit analysis found that, with approximately 17.5 million new vehicle registrations during the 2017 model year, 53.6 percent of customers returned to market to purchase or lease another new vehicle from the same make they already owned.
The forecast also projects that autonomous mobility will be enabled in more than 26 percent of new car sales by that date.
According to previous statistics, this number has nearly tripled from 2016. Approximately 70 percent of new light vehicles produced in 2023 will be equipped with some form of OEM telematics systems.
Founded in 2012, automotiveMastermind currently provides U.S. automotive dealers with behavior prediction analytics software and marketing solutions that improve the vehicle purchase process and results.
As the weather situation has eased, IHS Markit looks at what this natural disaster could mean to the automotive industry.
The top three body styles with the highest loyalty account for more than 85 percent of all new light vehicle registrations in the U.S. during the first four months of 2017.
Consumers in the U.S. were most likely to pay for a rear-seat entertainment system, indicating a threshold investment of an estimated $640.
US Commercial Vehicle Market Saw Small Decline Last Year; Slight Uptick Possible For 2017, IHS Markit Says
The decline among Class 8 vehicles contributed significantly to an overall drop of 3.5 percent for the full commercial vehicle market, despite all other GVW categories achieving year-over-year growth through November.