What Are The Key Considerations For Drivers In 2023?
Auto, Aviation & Transportation
A new year is fast approaching, and many of us will be thinking about what 2023 holds.
If you’re a motoring fan, or you’re due to replace your car, you may be wondering what lies ahead for drivers. In this guide, we’ll outline the key considerations for drivers and consumers looking to buy or lease a car.
Fuel costs
2022 has been a record-breaking year in many countries in terms of fuel prices. Economic uncertainty, conflict in Ukraine and the after-effects of the pandemic have all taken their toll. Between January and June 2022, the cost of motor gasoline rose by a staggering 49% with the cost of diesel soaring by over 50% in the US. Higher costs at the pumps impact all drivers. From those who commute short distances to work to those who drive all day, every day for work, everyone has taken a financial hit.
Fuel prices have decreased since the summer of 2022, but they are still significantly higher than in 2020. It could take some time for them to fall sufficiently to take the heat off drivers, especially those who need to use their vehicles frequently.
For many people looking for a new car in 2023, the cost of fuel will be a contributing factor. Some drivers may be prepared to explore different types of vehicles, and fuel efficiency may become more influential. For some, giving up their car altogether may be an option. Although studies show that driving is the most popular form of commuting, the number of people using alternative modes of transport is increasing. Younger generations are more likely to shun cars in favor of using buses, trains and subway systems, but 76% of Americans drive to work, according to Statista’s Global Consumer Survey.
Greener driving
Research suggests that consumers have become more conscious of the environment and the impact of the decisions they make. Studies show that 64% of drivers in the US would be willing to pay more for gas if their carbon emissions were offset. Among younger drivers, the figure rises to 75%.
For drivers considering swapping their vehicle or buying a new car in 2023, fuel types and emissions may be a key factor. Increasingly, drivers are switching from conventional fuel types to electric vehicles and hybrids. The US is falling behind other countries, but eco-friendly car ownership is increasing steadily.
There is a lot to think about when comparing an old car to new, more environmentally-friendly cars. While technology is advancing rapidly, electric cars may not be the best option for every driver. Cost is still an issue for some consumers, as buying an electric car is still more expensive in most cases. The outlay makes electric vehicles less accessible. Another issue to consider is mileage. There is a limit to how far electric cars can travel on a single charge. For drivers who commute long distances, those who enjoy road trips and those who travel up and down highways for work, it’s not always practical to stop and wait for the car to charge. Design has come on leaps and bounds, but for some people, electric vehicles are still not as easy on the eye as other cars.
Performance
Some drivers want to get from A to B safely and efficiently, but others want to enjoy an elevated driving experience. Performance should be a consideration for every driver, but it’s likely to dominate searches for those interested in supercars, high-spec models and modifications. Modern cars offer a lot in terms of performance and power as standard, but there’s scope to go further if you want to. It’s possible to upgrade and customize basic models or modify cars with performance parts, such as enhanced suspension systems, turbochargers and a new exhaust system. Optimizing performance is an exciting proposition for motoring aficionados and differences in spec and extras can sway a consumer in one way or another.
If you’re not up to speed with technical talk and jargon, but you want more from your next car in terms of power, speed or oomph, it’s wise to do some research. Read articles, get advice from people who have experience in modifying cars and ask questions when you go to look around showrooms and dealerships.
Technology
Technology is omnipresent in our modern world. Screen time is increasing, we use tech for work, keeping in touch with others and entertainment, and it has become part of the furniture in our homes. Technology is an integral component of modern car design and manufacturing, and it offers a raft of benefits for drivers and passengers.
If you’re looking for a new car in the new year, you may be surprised at the kinds of features and extras that are available to you, especially if you’ve been driving an old vehicle. Even standard models come with an impressive array of features designed to boost performance, comfort and safety. Examples range from emergency braking and parking assistance to interactive infotainment systems, heated seats and night vision.
When you’re shopping for a new car, it’s beneficial to analyze technological features and benefits and think about what you want from your car. Some drivers will be happy with a few extras while others will want every feature going. Pinpoint extras and add-ons that match your requirements and align with your preferences and priorities. For parents, for example, safety is likely to be the driving factor. For people who work on the move, cutting-edge communications technology is the top selling point. Seek advice and compare quotes for different packages. There’s no point in paying for features that you won’t use.
It’s worth noting that there is a plethora of gadgets and gizmos you can buy for your car in addition to features that manufacturers can add to vehicles. Examples include dash cams, stereo systems, wireless chargers and Bluetooth headsets.
Maintenance and upkeep
There are multiple benefits to owning a car, but maintenance is a drawback. It takes time, effort and money to look after a vehicle. For some people, particularly those who live in large cities and don’t drive much. Owning a car may be more hassle than it’s worth. It’s important for drivers to recognize the responsibilities that come with owning a car and to factor in maintenance costs. To minimize hassle, it’s worth looking into warranties and service and maintenance plans if you’re buying or leasing a new car.
Maintenance is a critical factor when choosing between new and used cars. Surveys suggest that buying used cars has become increasingly common, as drivers look to save money. Many used cars are reliable, but it’s wise to be wary of the risk of spiraling upkeep and repair costs. If you buy a car that isn’t in good condition, you may find that you end up spending a huge amount of money to ensure that it is roadworthy. This can sometimes represent a false economy. You might save at the start by spending less money on purchasing the car, but you’ll spend more in the long term. It’s beneficial to weigh up the pros and cons of used versus new vehicles and calculate short and long-term costs.
Ownership vs. access
One of the most interesting driver trends to emerge in recent years is a growing preference for access over ownership. Younger drivers are more inclined to opt for access to a vehicle over owning a car, largely due to cost. The cost of buying, running and maintaining a car has risen dramatically in the last decade, and many people, particularly those aged between 18 and 35, cannot or do not want to spend money on owning a car. Instead, they use services that provide access to a car on an ad hoc basis. Options like car sharing and hiring have become more popular. Between 2010 and 2020, there was a 10% increase in the proportion of millennials who said they were making an effort to drive less.
If you’re toying with the idea of giving up your car and embracing collaborative programs or services that offer short-term use, it’s important to consider your individual needs and preferences. Furthermore, if you don’t drive frequently and you can easily get around using buses, trains, trams or taxis, or you tend to walk or cycle to work, it makes sense to save money by ditching your car. In addition, you drive regularly. Moreover, you rely on a car for work. Or you live in an area where public transport links are limited. As a result, owning a car is likely to save you a lot of time and money.
If cost is a driving factor, there are ways to save.
Compare fuel prices online to find the lowest price before you fill up, shop around for the best insurance deals and cycle or walk short distances. Keep up to date with routine checks and maintenance to lower the risk of problems and avoid having to fork out for repairs and drive carefully.
A new year is upon us. Many people will be thinking about buying or leasing a new car in 2023. If you’re exploring your options, it’s wise to consider essential factors, such as fuel consumption, emissions and maintenance costs. Weigh up the pros and cons of ownership and access, research the latest tech and performance features and upgrades and create a wish list based on your personal preferences and requirements.
Auto, Aviation & Transportation
What Are The Key Considerations For Drivers In 2023?
