Demand Increases for Hybrid, Electric, and Economy Cars Amid Surge in Gas Prices

Used car prices are up 35.0 percent over last year as the microchip shortage continues to impact the automotive industry, according to’s latest analysis of 1.8 million used car sales in February. This is down from a 36.9 percent increase in January.

“After coming down slightly in February, used car prices remain elevated due to lingering supply constraints, and they are expected to rise again due to geopolitical factors as Russia is a key supplier of materials used to make car parts and microchips,” said iSeeCars Executive Analyst Karl Brauer. “We are also seeing a significant increase in demand for used hybrid and electric vehicles as a result of high gas prices, with the cost of hybrids increasing by 46.9 percent and electrics increasing by 43 percent compared to last year.”

Although the average used car has significantly increased in price, iSeeCars’s analysis also found some vehicles

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Used car prices continue rising as demand heats up

Buying a new car concept
Photo (c) Theerapan Bhumirat EyeEm – Getty Images

The shortage of new cars that began in 2020 is likely to continue through at least the first half of 2022, automotive experts say. The means higher prices and longer wait times.

“The typical dealership experience that consumers are familiar with – walking dealer lots with rows and rows of cars, negotiating over price and getting many incentives – is not likely to return this year because there are 4.5 million to 5 million consumers on the sidelines waiting for cars,” Tyson Jominy, head of data and analytics for J.D. Power, told CNBC.

Cox Automotive concurs. It found that sales were mostly flat last year, most likely because dealers couldn’t get enough cars to satisfy demand. Sales improved slightly toward the end of December, but it wasn’t enough to move the needle.

“Still, in 2021, sales results are not necessarily the

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

The “Automotive Seatbelt Pretensioner Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to’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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Automotive Audio Amplifier Market size to grow by USD 651.56 Mn | Driven by Growing Demand for Differentiated In-car Experiences | Technavio | State

NEW YORK, Dec. 10, 2021 /PRNewswire/ — The global automotive audio amplifier market has grown considerably over the years. The market is expected to grow by USD 651.56 million between 2021 and 2025, expanding at a CAGR of 3.7% during the forecast period. The increase in the sales of passenger vehicles and the rise in the production of automobiles, especially in developing countries such as China, India, and Japan are increasing the demand for automotive audio amplifiers. In addition, the introduction of premium audio systems as standard fitment in entry-level and mid-sized cars is creating significant growth opportunities for market players.

Get insights on the exact growth variance and future growth opportunities in the automotive audio amplifier market by purchasing our full report.

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The market is fragmented due to the presence of a number of regional and international players. The degree

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