Auto RoundUp: The Car Industry Trends in 2023
In order to make the best decisions for you and your car, you have to stay updated on the current trends in the automotive industry.
That’s why we’re proud to present Auto TechGuard’s Auto RoundUp!
From now on, the Auto RoundUp will be your go-to source for the latest and most important news about the automotive industry. Whether you’re a car enthusiast or simply a car owner looking to make informed decisions about your vehicle, our informative blog has got you covered.
Our team of experts scours the news to bring you the latest updates on everything from new car models and features to emerging technologies and industry trends. So sit back, relax, and let Auto TechGuard’s Auto Round Up drive you down everything car-related.
Ford’s F-Series is the the top-selling vehicle in the first quarter of 2023
Source: Car and Driver
In the first quarter of the year, the classic Ford F-150 pickup truck model sold 170,377 units, making it the most recognizable pickup truck in the market. The F-150 has undergone significant changes in recent years, including an aluminum body, turbocharged powertrains, a hybrid option, and an all-electric spinoff, which is reviewed separately.
Additionally, the F-150 boasts some of Ford’s most advanced technology features.
Ford Canada transformed its Oakville Assembly Plant into an EV hub
Source: Motortrend
Ford will transform its Oakville Assembly Plant in Canada into one of its largest electric vehicle campuses, with a focus on producing EVs and battery packs for the North American market.
The automaker will spend C$1.8 billion to retool the current buildings and create the Oakville Electric Vehicle Complex, where a family of next-generation electric vehicles will be assembled starting in late 2024.
The first vehicles, which may include the Ford Explorer and Lincoln Aviator, are expected to be on the road in 2025. The plant has previously built the Ford Edge and Lincoln Nautilus.
The EPA seeks to encourage EVs through new guidelines
Source: CNN
The US Environmental Protection Agency introduced strict federal emissions standards for light-duty vehicles that would encourage the adoption of electric vehicles in the US over the next decade.
The proposed standards could lead to up to two-thirds of new passenger vehicles sold in the US being electric by 2032. The new greenhouse gas performance standards would start in model year 2027 and increase gradually through model year 2032, resulting in 64% to 67% of new-car sales in the US being electric vehicles by 2032.
The demand for electric cars could reach a new peak this year
Source: IEA
Sales of electric cars are expected to reach a new high this year, making up almost one-fifth of the overall car market and leading to a significant transformation of the auto industry.
According to the International Energy Agency’s (IEA) Global Electric Vehicle Outlook, over 10 million electric cars were sold globally in 2022, and sales are projected to increase by 35% in 2023, bringing the total to 14 million. The report also shows that the share of electric cars in the overall car market has risen from 4% in 2020 to 14% in 2022, and is set to increase further to 18% this year. This shift has implications for the energy sector, particularly oil.
Porsche Atlanta expands its Restoration Division
Source: Car and Driver
Porsche has expanded its Porsche Classic Factory Restoration division, which restores models that have been out of production for at least 10 years. The division has recently partnered with the automaker’s bespoke division, Exclusive Manufaktur, for the Sonderwunsch program, which creates one-off vehicles with customizations to the paint color, trim pieces, powertrain, and suspension. The brand has also built a new handling course at its Experience Center in Atlanta. During a tour of the new Porsche Classic building, visitors can see some unique vehicles.
Stay Updated with ATG’s Extended Coverage Plans
We know how important it is to stay on top of things in this changing world. ATG’s vehicle protection services got your clients covered with some of the most extensive and inclusive coverage packages in the industry, which are always updated to reflect their needs.
Our premium extended service contracts and ancillary products were devised by field experts to be perfect fits for every type of budget, client or car. Asian, Domestic, Highline, and Exotic vehicles are all eligible.
Even Electric Vehicles are included! Now that the use of EVs is encouraged, at ATG you will find the most comprehensive and innovative plans for users, as well as our agents and dealers.
Stay on top of the trends in the car industry: Sign up to become an ATG Agent today and give your clients nothing but the best advancements in vehicle coverage!