It’s no secret that the automotive industry has made a spectacular recovery in recent years. In September many automakers saw sales of new vehicles, especially compact cars and pickup trucks, increase yet again thanks to an improving economy and rising consumer confidence. The average price of vehicles is also on the rise, climbing to $32,500. This is great news for automakers (and component manufacturers), but we’ve approached a very important time of year for the automotive industry. Automakers have begun building their new models for 2015.
Whether it’s a radically changed and redesigned model, like the new Ford F-150, or a vehicle that merely adds some more power or features to last year’s model, automakers need to keep track of important trends.
Currently, one of the biggest focuses for the industry is fuel economy. The US and some other countries have set new fuel economy standards that automakers will have to abide by. Whether through lightweight techniques (like the use of more aluminum in vehicles like the F-150) or the development of more efficient engines and hybrid cars, the US expects automakers’ vehicle lineups to have an average fuel economy of 36.6 miles per gallon by 2017. By 2025, that increases to 54.5.
At Exacto Spring, we’re currently working on a number of projects that concern fuel management systems, and we’re even involved in the design and testing phases of projects that may not see the light of day until the end of the decade. And we know that, regardless of current trends and the relentless forward march of technological advancement, high-quality components will be needed in the vehicles of 2015 and beyond. Some may not realize just how important springs and wireform products can be, but as we’ve seen with recent recalls even a small component can cause a huge problem if they’re not properly manufactured or compatible with a redesigned vehicle. We’ll continue to offer automakers the best springs we can manufacture, and we can’t wait to see where the industry goes from here.