Driving

Inflation is driving up car prices. 6 tips for buying in 2022

2021 was an unusual year for the automotive industry. While customer demand for new cars rebounded from the economic uncertainty of 2020, automakers found themselves unable to meet that demand because of semiconductor chip shortages and supply chain problems, and prices for both new and used cars skyrocketed. 

So what should car shoppers expect for 2022? Much of the same, unfortunately.

“Competition for new vehicles will be fierce as inventory shortages persist in 2022,” said Ivan Drury, senior manager of insights for the auto website Edmunds.

Along with shortages and supply chain issues, drivers also have inflation to thank for continued price hikes for cars in 2022. Overall consumer inflation soared 7% in 2021, the biggest increase in nearly 40 years, the Labor Department said on Wednesday. Used car and truck prices, a main driver of the surge, shot up 37% last year, with the average used vehicle now costing

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What if cars could stop you from driving drunk? A peek at the latest tech

Car keys are shown by glasses with alcohol in this stock photo illustration. Companies are developing technology that would allow cars to stop people from driving when drunk.

Car keys are shown by glasses with alcohol in this stock photo illustration. Companies are developing technology that would allow cars to stop people from driving when drunk.

Peter Dazeley / Getty Images

It’s an idea that could mark a pretty revolutionary change for vehicle safety: What if our cars could prevent drunk driving?

The recent infrastructure law included a provision mandating that, starting in a few years, all new cars must include some sort of technology to detect and prevent drunk driving.

Some companies were already racing to figure out how to do this. Now, it’s going to be required.

“I actually think this particular technology could save more lives than airbags,” says David Harkey, the president of the Insurance Institute for Highway Safety. “We’re talking about more than 10,000 people that are losing their lives annually as a result of

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Worldwide Automotive Seatbelt Pretensioner Industry to 2026 – Increasing Demand for Sports Utility Vehicles Driving the Market – ResearchAndMarkets.com

The “Automotive Seatbelt Pretensioner Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.

The automotive seatbelt pretensioner market is valued at USD 3.07 Billion in 2020 and is expected to reach USD 6.17 Billion by 2026 registering a CAGR of over 8% during the forecast period, 2021-2026.

Companies Mentioned

  • ZF Friedrichshafen AG
  • Autoliv Inc.
  • DENSO Corporation
  • Joyson Safety Systems
  • Itw Safety
  • Continental AG
  • Hyundai Motor Company
  • Special Devices Inc.
  • Iron Force Industrial Co. Ltd
  • Tokai Rika Co. Ltd
  • Delphi Technologies

Key Market Trends

Increasing Demand for Sports Utility Vehicles driving the Market

The demand for seatbelt pretensioners has been increasing at a rapid pace all over the world, especially in the emerging markets. The automotive safety systems are generally fitted to the sports utility vehicles, based on government regulations and the growth of public awareness.

The market for sports utility vehicles

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Car companies will soon be required to install drunk driving technology

Congress is hoping to mandate car manufacturers to implement drunk and impaired driving prevention technology as part of President Biden’s infrastructure plan.

Every day about 28 people in the U.S. die of drunk driving accidents, according to the National Highway Traffic Safety Administration (NHTSA). In 2019, a little over 10,000 Americans died from drunk-driving crashes.

The estimated economic cost for alcohol-impaired driving in 2010 was $44 billion.

Congress is trying to change those fatal statistics by imploring car manufacturers along with NHTSA to implement new driver safety standards. The legislation outlines what it would like new technology to look like, including passively monitoring the performance of a driver to identify whether or not they may be impaired. 

It also suggests preventing or limiting cars from operating if an impairment is detected and enabling cars to detect a driver’s blood alcohol concentration.


America is changing faster than ever! Add Changing America

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