Advanced Technology in New Vehicle Purchases



Excitements around Connected Cars and autonomous vehicles are exciting. Consumers are steadily aware of the stakes and increasingly express their sentiments and desires.  


Findings from a new IHS Automotive global consumer survey, Connected Cars, indicate that new advanced technologies and increased connectivity are driving consumer preferences as they consider new vehicles.  
One discovers that, Advanced driver assistance systems (ADAS) lead Consumer Preferences; U.S. consumers are most willing to pay for Advanced driver assistance systems (ADAS), features. Consumers in other regions are less willing to pay market prices for these technologies in their next vehicle. 

The firm also revealed that, consumers who currently own a vehicle with an infotainment system are willing to pay for software updates that improve or add functionality to their vehicle.

Navigation apps, apps for weather, music and news apps are at the core of excitements. 

Nearly one third of survey respondents in all age categories indicated they would ride in a self-driving vehicle and purchase one. Millennials are excited about autonomy.

More than 4,000 vehicle owners intending to purchase a new vehicle within the next 36 months were surveyed, representing four key automotive markets: the U.S., China, Germany and the United Kingdom.