Category Archives: Used Cars

reading used car reports online

How to Read a Used Car History Report

Buying a used car can be a cost-effective decision. However, it’s essential to gather as much information as possible about the vehicle’s history to make an informed purchase. A used car history report is a valuable tool that provides crucial insights into a vehicle’s past, including accidents, maintenance records and ownership history. 

In this blog post, we will guide you through the process of reading a used car history report, equipping you with the knowledge to make a confident decision.

Obtain a Reliable History Report

Start by obtaining a comprehensive history report from a reputable source. Several online platforms offer paid services that compile information from various databases, including government records, insurance companies and auto auctions. Ensure the report is up-to-date, accurate and provides a detailed overview of the car’s history.

Check Vehicle Identification Number (VIN)

Locate the Vehicle Identification Number (VIN), a unique identifier for each vehicle, and ensure it matches the VIN listed on the history report. This step confirms that the report corresponds to the specific vehicle you are interested in purchasing.

Ownership History

Examine the ownership history section of the report. It should provide details about the number of previous owners and the length of time the vehicle was registered under each owner. A car that has had multiple owners in a short period may indicate potential issues, while a long-term ownership history can be a positive sign.

Accident History

Look for any reported accidents or damage in the history report. It should outline the severity of accidents, including minor fender benders or major collisions. Pay attention to the extent of damage and whether the vehicle was deemed salvage or rebuilt. A vehicle with a significant accident history may have underlying structural or mechanical issues that could affect its future performance and value.

Maintenance and Service Records

Review the maintenance and service records section of the report. It should provide details about routine maintenance, repairs and any recalls associated with the vehicle. A well-maintained car with regular service records indicates responsible ownership and suggests that the vehicle has been cared for properly.

Title and Ownership Transfers

Check for any issues related to the vehicle’s title and ownership transfers. The report should indicate if the car has a clean title, indicating it has not been salvaged, flooded or stolen. It should also mention any liens or outstanding financial obligations associated with the vehicle. A clear title ensures a smoother transfer of ownership and reduces the risk of legal complications.

Odometer Verification

The history report should also include an odometer verification section. This verifies the accuracy of the vehicle’s mileage and helps identify potential odometer tampering. A significant difference between the reported mileage and the vehicle’s physical condition may indicate a red flag.

Additional Considerations

Pay attention to any other notable information in the report, such as recalls, lemon law buybacks or issues with the vehicle’s emissions. These details can impact the car’s value, safety and overall desirability.

Reading a used car history report is an essential step in the car-buying process. It provides valuable insights into a vehicle’s past, allowing you to make an informed decision and mitigate potential risks. To browse repossessed vehicles directly from banks and lenders, visit RepoFinder.com today. 

used vehicle for less

Best Used Vehicles for $15K or Under

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Buying a used car can be a smart financial decision, especially if you’re on a tight budget. With a budget of $15,000, there are plenty of great options available – even in this market. To find the best deals on used cars, open your search to repossessed cars. The benefit in choosing a repo car from a bank or lender is that you can negotiate the price – and get financing directly from the seller!

Here are some of the best used cars you can find for $15,000 or less. 

Honda Civic (2014-2015)

The Honda Civic has always been a popular choice for car buyers because it’s efficient, stylish and easy to drive. The 2014-2015 models offer a good balance of style, reliability and fuel efficiency. They also come with a 1.8-liter four-cylinder engine that gets up to 39 mpg on the highway. 

Ford Focus (2014-2016) 

The Ford Focus is a safe, reliable vehicle with good fuel economy. It has a 2.0-liter four-cylinder engine that gets up to 37 mpg on the highway. It’s also an easy vehicle to drive since it has great body control and steering. Ford plans to phase out of the Ford Focus by 2025, so the current fourth-generation Ford Focus is not getting a replacement.

Toyota Corolla (2014-2016) 

The Toyota Corolla is another reliable and efficient car that has been a top choice for car buyers for many years. The 2014-2016 models come with a 1.8-liter four-cylinder engine and gets up to 39 mpg on the highway. Plus, the 2014-2016 models introduced a lot of new tech features, in addition to improved powertrains and safety features. 

Kia Soul (2015-2018)

If you’re looking for an alternative to a traditional SUV, the Kia Soul is a great choice. Its boxy design has surprising cargo and passenger space, a large liftgate for handling awkward cargo and both a USB port and Bluetooth. The base model is plain, but you can opt for the mid-level Plus trim that gives you an engine upgrade and other features. 

Hyundai Elantra (2014-2016)

The Hyundai Elantra is a budget-friendly car that offers good fuel economy and a compact design, making it a top choice for beginner drivers. As with the other vehicles listed above, the 2014-2016 models come with a 1.8-liter four-cylinder engine that gets up to 38 mpg on the highway. It also has a spacious design, giving you a good bang for your buck. 

Honda Accord (2013-2015)

Another great vehicle from Honda is the Accord, which offers sleek styling and plenty of advanced features. Plus, the 2013 model is considered one of the most reliable in the lineup, so it’s a great car for new drivers. The vehicle was also redesigned at this time, offering a sportier look and feel, a USB port and Bluetooth. 

Find an Affordable Used Car on RepoFinder.com 

Buying a used car is a great way to save money while still getting the reliable, efficient vehicle you deserve. RepoFinder continually updates its list with banks and credit unions that are eagerly selling their repo inventory. See what types of vehicles you can find for $15,000 or less! 

buy a used car

Is it Cheaper to Buy Cars in the Spring or Fall?

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If you’re in the market for a new vehicle, you might be curious as to which season is best for car buying: spring or fall. Typically, more used cars are sold during the spring and summer, which means sellers are more eager to make a sale during the cold weather months. This should result in lower prices and a bigger inventory, but it doesn’t always work this way. 

To get the best deal on a vehicle, you’ll want to pay attention to the car-buying trends in the news so that you can combine the best prices with the best financing offers. Also, when there is a lot of inventory to choose from, there is more room for negotiation, which can also help you get a better rate. 

Let’s look closer at the benefits to buying a used car in the spring versus the fall so that you can make the best decision for your needs and budget! 

Benefits of Buying a Car in the Spring 

As winter ends, more people are getting out of their homes and looking to purchase new things, including cars. March and April, tax season, are some of the best months to buy a car, either new or used. Dealers and sellers know that many people are receiving tax refunds, so they entice buyers with good deals and financing offers. 

Plus, March and June usually mark the end of fiscal quarters when dealers are more motivated to sell their inventory at discounted prices. We do recommend shopping at the end of the month, as car dealers are in more of a time crunch. If they haven’t reached their goal, they will be more likely to sell you a car at the price you want. 

Also, pay attention to car deals around Memorial Day, as this is when dealers want to get rid of old inventory so they can make room for new models in the fall. 

Benefits of Buying a Car in the Fall 

Historically, fall is an excellent time to buy a vehicle. We’re approaching the end of the year, which means dealers have specific goals to meet. Also, by the end of the year, dealers are trying to sell off the inventory they have to make room for new cars, meaning older models are priced to sell. 

In fact, an analysis by TrueCar found that buyers save an average of 10.3 percent off MSRP when they buy their car in December. Pay special attention to certain dates in the fall, including Labor Day, Black Friday and Christmas. There are always great deals happening around these times, helping you to save a little more off your purchase. 

Should I Buy a Car this Spring, or Wait? 

Here at RepoFinder.com, we believe in buying a car when you’re ready. You shouldn’t have to wait to buy something if your car is unreliable and a money trap. You should be able to afford a new vehicle that you feel safe in, and doesn’t cost you a ton in repair and maintenance costs. But, we also recommend doing your research and keeping an eye out for good deals, as this can help you save significant money. 

RepoFinder doesn’t have a ‘best time’ to buy cars, because EVERY DAY is the best day! We have a directory of banks and credit unions throughout the U.S. that are selling their repo inventory. We encourage people to check back often so they can find the perfect vehicle for them. 

To take advantage of great prices, quick sales and a wide inventory, shop for your new car at RepoFinder! 

tax deductions for personal car

Tax Deductions for Personal Vehicles

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Looking to buy a new vehicle? Wondering if your purchase qualifies for tax deductions? 

Buying a car for personal or business use may have tax-deductible benefits. The IRS allows taxpayers to deduct either local and state sales taxes or local and state income taxes, but not both. You can also deduct some of your vehicle’s operating costs if you use the car for business, charity or medical purposes.

Since it’s tax season and everyone has taxes on their brain, let’s cover what you need to know about tax deductions for personal vehicles. 

Car Sales Tax 

You may be able to deduct the car sales tax you paid when you purchased a new or used vehicle from a private seller or dealership. On your purchase order, it will state the amount owed in car sales tax. 

Both local states and local governments can charge sales tax. There are only five states that don’t pay any sales tax when purchasing a car: Alaska, Delaware, Montana, New Hampshire and Oregon. 

Property Taxes 

Some states also charge personal property taxes in addition to the sales tax. Property taxes are typically based on the car’s value. The higher the value of the car, the more you’ll pay in property taxes. 

Since the IRS only allows you to deduct up to $10,000 total in sales, income and property taxes, you’ll want to compare the two numbers – property tax and sales tax – and deduct the one that is larger. 

To determine this, you may have to play around with the numbers using tax software. You can itemize your deductions, or take a standard deduction. If you live in a state that doesn’t charge sales tax, then you’ll obviously just deduct the property taxes. 

What if I Use My Vehicle for Business, Too? 

If you use your car exclusively for business, you can write off most, if not all, of your car expenses, including car depreciation and car mileage. If you use your car for both business and personal purposes, as many people do, you’ll need to divide your expenses based on the mileage you’re using for each. 

You may also qualify for deductions if you own an electric vehicle. There is a $7,500 federal income tax credit for electric or plug-in hybrid vehicles, in addition to local or state incentives. You can learn more about driving down your taxes in this article from TurboTax. 

If you’re thinking about buying a car, you may be able to write some of it off on next year’s taxes, especially if you plan to use the vehicle for business purposes as well. To browse affordable repo cars directly from banks, lenders and credit unions, visit RepoFinder.com today! 

signing for car warranty

Are Extended Car Warranties Worth the Money?

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Reliability is an important factor when buying a new or used vehicle. In fact, 95 percent of car shoppers rank reliability high, which is why having a warranty is important. But while all new vehicles come with a factory warranty, used vehicles often don’t. 

Most new vehicles come with a three-year manufacturer warranty, or 36,000 miles, whichever comes first. The majority of used vehicles are already past this. But what if you want added protection with your used car? An extended warranty may be the answer. 

What is an Extended Car Warranty? 

Extended car warranties, also known as vehicle service contracts, are optional protection plans that can help you pay for car repairs. They typically start once the manufacturer warranty ends, but there are times when the two overlap. 

Vehicle service contracts often have requirements you’ll have to follow, so be sure to read all the fine print. For example, some warranties will require you to visit a certain repair shop in your network. You’ll also need to bring your vehicle in for routine maintenance. Failure to follow your maintenance schedule can render your warranty null and void. 

Typically, you’ll be required to provide your car with the following: 

  • Oil changes
  • Filter changes
  • Tire rotations
  • System checks 
  • Manufacturer scheduled maintenance 

What Do Extended Car Warranties Cover? 

Each vehicle service contract is different, so it’s important to read the fine print of your specific warranty. Also, some warranties are basic while others are comprehensive, covering things like your car’s entertainment system and climate control system. 

The two main types of extended car warranties are: 

  • Bumper-to-bumper warranty. This is the most comprehensive type of warranty available, and it covers almost everything, from the electrical system to the paint job. It does not cover vehicle maintenance, such as oil changes and filter changes.
  • Powertrain warranty. This warranty is less comprehensive but still offers significant coverage. Expect your transmission, engine and drivetrain to be covered. It also tends to last longer than a bumper-to-bumper warranty. 

Should I Get an Extended Warranty with My Used Car? 

According to a survey from Consumer Reports, 55 percent of people said they never used their extended warranty, and only 25 percent said they would buy one in the future. While extended car warranties look good on paper, they are overpriced. They also may not cover everything, which means you’ll be paying for the warranty and the repairs. 

Of course, there are situations when an extended warranty makes sense. And, you might even get other perks with the warranty, such as roadside assistance, rental car reimbursement and towing. This can make the added coverage worth it. Ultimately, you’ll have to sit down and determine whether you’re better off putting your money into an extended warranty or into a bank account to be used for repairs. 

buying a used car

Top 4 Mistakes to Avoid When Buying a Used Car

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A used car might be the perfect addition to your household! You can save money while getting a great vehicle with much of the latest technology such as back-up cameras, heated seats and Bluetooth. And with a lower car price, you can also enjoy lower monthly payments and lower auto insurance rates. It’s a win-win! 

To ensure that you get the best bang for your buck, here are four mistakes to avoid when buying a used vehicle. 

1. Not Lining Up Financing 

Any time you plan to purchase a new or used vehicle, it’s best to secure financing in advance. While it’s more convenient to do so at the dealership, you’ll also pay a higher interest rate. Dealers add a markup to the interest rate offered and are incentivized to send you to certain lenders, even if you can get a better APR somewhere else. 

By getting quotes and comparing rates beforehand, you’ll be in good shape when you go to buy a used car. And if you want to get dealer financing because of its convenience, you’ll at least have some negotiating power. Fortunately, you can compare quotes online from the comfort of home. 

2. Only Looking at Monthly Payments 

If you can buy a used car outright, you can save a lot of money over the long run. If you can’t afford this, then you’ll have to create a budget and determine how much you can afford. But, keep in mind that while a lower monthly payment may be good for your budget, you could be paying back more money in the long run due to compounding interest. 

If you can swing a slightly higher monthly car payment in exchange for a shorter loan term, it’s probably worth it. You can also consider leasing a used car, though not all dealerships offer them, and there are certain conditions to meet. 

3. Passing on a Test Drive

Another mistake you want to avoid is not doing a test drive. There are certain instances where you might not be able to do a test drive, such as when buying a repossessed vehicle from a bank or buying a car out of state. But in most cases, you can test drive a car and make sure that it’s running properly. 

Even if you can’t do a test drive for some reason, you should still ask to do an inspection. You can always hire a mechanic for an out-of-state car, or you can bring along a mechanic or knowledgeable friend when buying a repo car. Doing your due diligence is the best way to avoid buyer’s remorse. 

4. Not Running a Vehicle History Report

A vehicle history report should also be run for any used car, along with the test drive and mechanic checkup. This report will check for any previous accidents, problems with the car and the number of previous owners. Dealers will typically pay for this report, but if you’re buying from a private seller, you might have to pay for it on your own. 

Fortunately, vehicle history reports are inexpensive and usually cost around $10 to $40. You can get this report from a number of third parties such as Carfax, AutoCheck and instaVIN. No matter where you get the report from, you will be able to see the title history and other important details about the car. 

Used cars are an investment, just as new cars are. By avoiding the mistakes above, you’re more likely to invest in a quality vehicle that you can enjoy for years to come. 

online car buying

Is the Online Car Buying Model Dead?

The end of 2022 wasn’t the best year for Carvana, an online used car retailer based in Arizona. Yahoo Finance called Carvana “Worst Company of the Year” after polling more than 5,000 readers. The online car-buying company also has concerns over its debt load, and had its stocks drop by 98 percent. 

So is Carvana going out of business? With numbers like this, it’s hard to know what the future holds. But one thing is likely to stay the same: online car buying. 

Online vs In-Person Car Buying 

Carvana and other online car buying platforms like Vroom and CarMax offer car shoppers a pretty great way to shop for vehicles. Instead of going to the dealership, negotiating with a salesperson and spending hours waiting for paperwork and financing to go through, car buyers can handle the entire transaction online. 

While some people still prefer the in-person shopping experience – being able to actually see and test drive a vehicle – there’s enough people who prefer to do their car shopping online. This will likely keep the online car buying model alive and well. That being said, this can be an expensive business model. 

Why Online Car Buying is Likely to Change

From a business standpoint, the online car buying business is expensive and labor intensive. It takes time and costs money to locate and buy used cars, recondition them, market them on the website and deliver them to the customer. There’s also paperwork to process – it’s all a big expense! And this is where Carvana has struggled. 

According to sources, Carvana has delivered vehicles to buyers in less-than-desirable shape, causing them to have to pay for repairs. These sources have agreed that Carvana has great customer service, but paying for repairs at dealerships is expensive. It has also been reported that Carvana pays top dollar for their vehicles – sometimes tens of thousands of dollars. 

At the start of the pandemic, Carvana had the upper hand. They were able to meet customer demands, especially compared to dealerships that were struggling with parts shortages and COVID-related factory shutdowns. But things quickly changed as the paperwork piled up, cars weren’t getting registered and cars were being delivered in satisfactory condition. 

As a result, Carvana’s dealer license has been suspended in some states. 

What is the Future for Online Car Buying? 

Even though online car buying is a popular service, the business model may not be sustainable. CarMax is in better shape to survive because they have online and physical dealerships that allow customers to make transactions in person. They also have a one-price model so there’s no haggling. 

If you like online car shopping, consider RepoFinder.com. We provide online car buying for repossessed cars. We include detailed images of each vehicle, along with information such as the condition of the vehicle, its vin number and its features. Our business model is sustainable because we provide a list of the banks and credit unions in each state that are selling their repo inventory.

Enjoy the best of both worlds – the convenience of online car buying and used vehicles at great prices! 

gifting a car for the holidays

Surprise a Loved One with a New Car for the Holidays!

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A new car might sound like an exorbitant gift, but it can actually be a practical way to free up time in your household. For instance, if you’ve been driving your teen to work, giving them their own car frees up your schedule and lets them take on more hours. Or if you and your significant other have been sharing one car, having a second vehicle allows you to get a second job. 

Some people also need another vehicle so that they can make money from ridesharing or delivering food and groceries. In this case, having a car can actually pay for itself over time! Whether for a high school student, college student or someone else special in your life, here are some tips for surprising a loved one with a new or used car for the holidays. 

Find the Right Vehicle 

With car prices and interest rates soaring, it’s important that you take time to assess what type of vehicle is best for this special someone. It sounds simple, but it’s also easy to get carried away paying for features you don’t necessarily need. 

Start by asking yourself what the purpose of the vehicle is. Is it to get to work or school? Offer ridesharing services? Carpool with others? Also, in what conditions will the car be driven? At night? In inclement weather? On long distances or uneven terrains? 

Secure the Right Financing 

Whether you plan on making the monthly payments, or the recipient will be helping out, make sure you get the best financing. Compare rates from different lenders. Many lenders will pre-qualify you without impacting your credit score. This way, you can see what rates you can get, and use this as negotiating power at the dealership. 

Also keep in mind that if you are taking out the loan, you won’t be able to transfer it to the giftee. If the giftee wants to be on the loan, they’ll have to file a new loan application and go through the approval process. 

Register the Car in Their Name

Even though the giftee’s name won’t be on the loan (unless you work this out ahead of time), the car can still be registered to them. You have two options for this. You can wait until Christmas Day and head down to the DMV to register the car in their name, or you can register the car in your name and change it later on. 

Check Insurance Coverage 

Auto insurance is something else to think about. Before your loved one takes possession of the car, make sure that it is properly insured. Talk to your insurance carrier about possibly extending coverage if you are replacing a car or adding a new one to your policy. Keep in mind that some cars are more expensive to insure than others, and your loved one’s driving record will also impact rates. 

Shop for Repossessed Cars 

RepoFinder.com offers the largest bank repo list in America. You can find repossessions sold at discounted rates – there are absolutely no fees or commissions. You are buying directly from the seller, which means the transaction is between you and them only. Don’t be afraid to negotiate, especially if you’ve done your research on the vehicle and compared interest rates. 

Finally, top off the gift with a big red bow! This special someone will surely remember this Christmas for years and years! Getting a new vehicle for the holidays is certainly memorable, and you can improve your quality of life by making sure that everyone in the house has a dependable car to drive. 

used vehicle

Used Car Prices are Falling, But Monthly Payments are Rising. Why is This the Case?

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It’s the good news we’ve been waiting to hear: used car prices are finally falling. However, monthly payments are still rising, which means many people are holding off on selling or trading in their vehicles. Interest-rate hikes from the Federal Reserve are the culprit of higher monthly payments – and experts predict that we won’t be seeing relief any time soon. 

The New Face of the Used Car Market 

The average monthly payment for used cars is 47 percent higher this year, reaching an average of $551 a month, as compared to 2019. Experts say that monthly car tabs will continue to increase to $570 by the end of this year, and continue increasing in 2023. 

The aggressive attempt to curb inflation is having a negative impact on the used car market, as these vehicles are no longer affordable. As a result, used car dealers are struggling with significant drops in sales. Even Carvana, an online-only used-car retailer, plans to lay off 8 percent of its workforce due to sluggish sales. 

Affordability and supply chain issues will also continue to affect the used car market in 2023. While the auto industry was impacted by the chip shortage, they were still able to sell vehicles over MSRP. Sales volume dropped, but cars were selling at a premium. Now, new car sales are estimated to close at 13 million units this year, a three million drop from previous years.  

Car Interest Rates Expected to Stay High Through 2023

So when will interest rates come down, making used vehicles more affordable? Not for a while. In fact, experts say that they expect auto interest rates to stay high throughout all of 2023. Consumers have gotten used to generally low interest rates for the past couple of decades, but this is no longer the norm. 

According to Edmunds, 14 percent of consumers who financed a new vehicle between July and September this year are paying more than $1,000 a month. This means that one in seven loans is more than a grand! It wasn’t that long ago that mortgage payments weren’t much more than this. Now, we’re paying this just to drive a car. 

Options for Affording a Used Vehicle 

If you have a decent vehicle that you bought several years ago, you’re probably in good shape. You likely purchased the car at a competitive price and have a low interest rate. But not everyone is sitting pretty. If you are in need of a new car, you may have no choice but to buy in this market. 

Here are the best recommendations for affording a used vehicle in 2023: 

Consider repossessed cars 

Repo cars come at a significant discount and can open up more opportunities. RepoFinder.com has a huge inventory of repossessed vehicles that you can purchase directly from banks, lenders and credit unions. You can negotiate directly with the seller, and even get attractive financing. Some people see savings of up to 30 percent! 

Shop around for financing 

Oftentimes, buyers get their financing directly from the dealership. While it is easy and convenient, you’ll often end up paying higher interest rates. To save money and ensure you’re getting the best rates, shop around for financing before you start looking for a used vehicle. 

Avoid cars that are in short supply 

Some vehicles are in short supply, such as Kia, Subaru and Honda. Therefore, you’re going to pay more for them. Buick, Jeep and Ram have more abundant inventories, which means you have more negotiating power. They may also offer some incentives. 

Save for a larger down payment 

You can save for a down payment by budgeting carefully and trading in your current vehicle. For every $1,000 you put down, you can save around $17 a month. While it might not sound like much, you can make your purchase more affordable by saving for a larger down payment. And don’t forget to make the most of your trade-in – now is a good time to start polishing it up! 

Shopping for an affordable used car? RepoFinder is pleased to offer a comprehensive list of repossessed vehicles from banks and credit unions. You can use one platform to view available vehicles, research their condition and place a bid. And it’s all free to use! 

driving on road

Future Trends for the Automotive Industry

Curious to know what the future holds for the automotive industry? There are several trends that will impact the future of automobiles, including how they are powered, driven and shopped for. Let’s dive into the biggest trends for the automotive industry so that you know what to expect in 2023 and beyond. 

Increased Production of Electric Cars 

Even though most cars on the road are gas-powered, electric cars are growing. In 2020, 3 million electric cars were sold, representing 4.1 percent of total car sales. In 2021, electric car sales more than doubled to 6.6 million, representing close to 9 percent of the global car market. 

We expect to see this trend continue as electric vehicles become more desirable. Even though they are more expensive on the front end, EV drivers tend to spend about 60 percent less each year compared to other drivers. Plus, many states offer incentives for purchasing an electric car. 

Increased Sale of Pre-Owned Vehicles 

Between 2019 and 2025, experts predict a 9 percent growth rate in used car sales. The demand for automobiles is rising, particularly for vehicles that are 4 years old or newer. These vehicles are in demand because they cost less than new vehicles but still have the latest technology and safety features. 

Rise in Online Car Shopping 

No longer do car shoppers have to spend all day at the dealership. Automakers in North America and Europe are giving consumers the option to purchase the vehicles they want online. This allows consumers to shop at their convenience and explore the features they want without any pressure. 

Even sites like RepoFinder.com are making it easier to shop for used and repossessed vehicles online. With an extensive database, you can find the banks and lenders with repo cars for sale in your area. It’s a low-pressure way to shop, and you can bid directly online! 

Autonomous Self-Driving Vehicles 

Not only are electric cars growing in popularity, but also so are self-driving vehicles. The appeal to these vehicles is that they have the potential to reduce crashes, prevent injuries and save lives. However, many people don’t feel safe in these vehicles and prefer to drive themselves. 

Currently, there are about 1,400 self-driving cars on the road in the U.S. One report predicts that 33 million AVs will be on the road by 2040. However, there still needs to be more testing to ensure their safety. But AVs could be a good option for businesses who plan to have a fully autonomous fleet. 

These are some of the biggest trends for the automotive industry that we can look forward to. With more ways to shop and a diverse, innovative selection of vehicles, consumers can look forward to more options in the future.