Motor Industry Essay Example | Topics and Well Written Essays - 1500 words

labor Industry - Essay ExampleThe government is trying to reduce peoples opinion on simple machines and get them to character the public transport network, which may well be good watchword for buses. Unfortunately they appear to be using the stick and stick approach to getting people disclose of their cars.Consumer confidence in the new car market is currently in a downturn. This is due to a number of factors. Firstly, rising interest order mean that the cost of car self-control is change magnitude (due to the increasing cost of loans needed to pay for owning me a new car). Also the rise in interest rates means that thither is less income avail equal for spending on a new car. There is similarly a lot of consumer uncertainty in the costs of fuel.Taxation is also playing a area taxation rules now view company cars as a service to the employee rather than its necessity of doing the job. And as such taxation rules regarding them are tightening sharply it is no longer much o f a benefit to have a company car - although they can be considered a status symbol.A higher(prenominal) proportion of households now have more than one vehicle and this has led to a number of interest effects. There are a growing number of women in the workplace, and as such or ownership amongst women is going up. In addition as households have more than one vehicle, those vehicles are becoming differentiated. ... A household may well a people carrier or large vehicle for family use and a smaller or sportier car for personal use.T - Technological - How new and emerging technology affects our businessThere are two main technological challenges to the modern motor industry.Firstly there is a change to the way people buy cars. Due to the internet people are able to research their choices more thoroughly. For example, J.D Power and Associates studied nearly 30,000 car buyers in 2002 to discover that more than half(prenominal) the buyers look at the internet before making a buying dec ision about a car. Additionally nearly 90% of car buyers visit the car manufacturers website to get a better supposition about the look and feel of the car. Therefore, the use of technology in this area is an essential requirement for car manufactures of today (Baki et. al., 2004).And secondly a quotation from the introduction to the Automotive Electronics showWhat sort of car go forth you be driving in ten years time The most momentous difference leave alone be the use of electronics to make cars safer, smarter, less polluting and more enjoyable to drive.Tomorrows track vehicles will have significant in-car processing power to lighten the driver workload and will be able to communicate with the road infrastructure receiving advance warning of congestion or other hazards.The possibilities appear endless and limited simply by our imagination. The two major drivers will be to reduce road accidents and pollution as car ownership rises in the decades to come.L - Legal - How local, national and world legislation affects usThe Society of Motor Manufacturers and Traders did a survey in 2006. Nearly 90% of respondents said that legislation had