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What consumer trends and disruptive technologies will have the most impact on the automotive industry in the coming year? Explore key findings from our 2024 Global Automotive Consumer Study, including the evolution of mobility, connectivity, car buying trends, and more.
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- Driven by shared mobility, connectivity services, and feature upgrades, new business models could expand automotive revenue pools by about 30 percent, adding up to $1.5 trillion.
- Despite a shift toward shared mobility, vehicle unit sales will continue to grow, but likely at a lower rate of about 2 percent per year.
- Consumer mobility behavior is changing, leading to up to one out of ten cars sold in 2030 potentially being a shared vehicle and the subsequent rise of a market for fit-for-purpose mobility solutions.
- City type will replace country or region as the most relevant segmentation dimension that determines mobility behavior and, thus, the speed and scope of the automotive revolution.
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Jan 11, 2024 · Amidst the turbulent 2023, the auto industry sales topped 90mn with an astonishing double digit growth. 2024 promises to be a good year as industry ramps up to hit 100mn vehicle sales by 2026.
Global car sales increased to nearly 90 million units in 2023, up from 81 million in 2022 and the highest level seen since 2019. China, the largest market in the world, grew considerably at 12%.4 The U.S. rebounded after a poor 2022 with a 13% increase in sales.
Mar 12, 2024 · In this concise 30-minutes-livestream, we share the latest insights on buying behavior and overall attitudes of consumers in the Chinese automobile market. Discover valuable implications for automotive and mobility players across the value chain that help meeting a changing consumer demand.
Mar 12, 2024 · Growing EV demand—with China as the hot spot. McKinsey projects that worldwide demand for passenger cars in the battery electric vehicle (BEV) segment will grow sixfold from 2021 through 2030, with annual unit sales increasing to roughly 40.0 million, from 6.5 million, over that period.
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In the first half of 2023, most indices outperformed the S&P 500. The EV index was the largest gainer, up 131.6%. Automotive Aftermarket Parts and Repair was only up 3.1%, while the rest of the automotive indices gained between 17% and 47%, outperforming the S&P 500 gain of 16.4% during that same time period.11.
