The End Of The Auto Industry Golden Age

Have we already seen the rise of the auto industry and are we at it’s peak? Some seem to think so, predicting that the auto industry will look completely different in as little as 10 to 20 years.

One of these people is former GM executive Bob Lutz, often called “a car guy’s car guy.”

But these claims are for good reason and the evidence to back it up is not farfetched. For starters, humans are not very good behind the wheel. While over the past 10 years, the number of automobile deaths in the United States has varied from going up or down per year, but each year has seen over 30,000 deaths, which is far too high.

A big contributor to this today is the use and the availability of smart phones. Nearly everyone you see will now have a smartphone in their hand or pocket, and the same goes for while they are behind the wheel.

A second big reason is the amount of technology and new safety features that we are seeing pop up more and more often on new cars today. In the next few years you may not even be able to buy a new car without one of these new autonomous safety features, such as rearview cameras, automatic braking, automatic parking and even voice controls.

The auto industry may have seen its peak because, with all the new safety advancements as well as the amount of easily distracted drivers, automakers are exploring new technologies to start up these self-driving vehicles, some have already gotten underway. Such as the company Waymo and their self-driving cars which were just released for on the road testing in Arizona.

It arguably makes sense to get drivers off the road if these new self-driving cars really are safer and more secure. Who wouldn’t want to be able to relax and sit back during your next long road trip, not having to worry about directions, speeding or potential accidents.

Lutz thinks that once people start to get a little feel for these self-driving cars, the entire industry will never look back. We will have to see how well these self-driving vehicles progress to determine how much of an impact they will make on the industry.

While the auto industry may be changing, the risks of driving are not, especially with the rising number of drivers on the road and with so many distractions we now see. Having the right car insurance plan is key to making sure you stay safe and protected while on the road. There are many great and honest auto insurance plans throughout the Chicagoland area.