When looking at the automotive market, some of the key factors influencing consumer decisions are current and predicted future trends. Many buyers are wanting to “future proof,” that is buying a vehicle that not only suits their needs for the present day, but also for the next 3 to 5 years. That time period is quite specific as that is the common warranty period for many vehicles, as well as lease/financing timeframes.
Future proofing, however, is becoming so difficult to nail down that the automotive market has experienced quite a few shifts in just the past 2 years. For example, ask anyone in 2022 what the future of the market would be and there would be a very confident statement that EVs are the future.
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