Demand for replacement auto parts is generally driven by two major factors and two lesser but still important factors—the age of vehicles on the road, miles driven, weather and gas prices. So, here's a look at each factor.
According to findings from Cox Automotive, consumer awareness of driverless vehicles has skyrocketed and the desire for autonomous features is high. However, those who believe roadways would be safer if all vehicles were fully autonomous has decreased 18 percentage points in just two years.
New research indicates that 58 percent of consumers believe that electric vehicles are the future of the automotive industry, and 52 percent feel that society should transition to emission-free transportation soon.
Vehicles with open recalls that have “dangerous defects" are being sold at New York City-area auctions, along with multiple area dealerships, which has alarmed consumers. As a result, the state is looking to change its recall policies.