2020 CARS: A look back

By Angela Monroe - December 9, 2020

2020 CARS A look back

News headlines in 2020 did not run short of material. Neither did the car world.

Here’s a recap of interesting car news in 2020.

1: Ford Bronco Confirmed

Ford Bronco

To be clear, Ford actually announced the return of its famous SUV back in 2017. However, in July 2020, Ford gave a release date (for 2021) and confirmed all the specs, pricing and actual examples of the predictably popular off-roader.

Why was this big news?

The Ford Bronco was last produced 24 years ago, back in 1996. Many remember the infamous low-speed car chase involving O.J. Simpson in LA in June 1994. Now, it’s back and redesigned for the modern age and stirring a lot of hype in the car world.

In fact, the Bronco is so well known that Ford opted to limit the Ford ‘blue-oval’ badges to only one on the rear. Instead, the Bronco name and badge appear much more prominently. 

2: In-Car Purchases

In-Car Purchases

Fully-digital dashboards are not a new innovation for 2020 but the introduction of making purchases from the driver’s seat is.

Some new vehicles with 4G and 5G connections are offering integrations with payment companies like Visa. This allows drivers to order and pay for things like coffee, food, accommodation and other things while on the road.

Further integration allows orders to be made via voice commands. So, on the morning commute, you could, for example, command your vehicle to order and pay for breakfast to be delivered to your workplace. In other words, your car aligns itself with other useful smart home products.

Why was this big news?

Cars becoming more ‘online’ is nothing surprising but integrating financial technology into their infotainment systems gives us an idea of what ‘anytime / anywhere’ commerce looks like.

3: 2021 Brabham BT62R Revealed

2021 Brabham BT62R Revealed

(source: seniordriveraus.com)

Another hypercar going on sale may not be amazing world news but this one’s Australian news. Brabham Automotive is Adelaide based, meaning the BT62R is Australian made.

The BT62R is a street-legal version of the company’s track-only BT62. Making a road variant of a racing car is no easy feat as everything from safety to cooling systems to interior gadgetry and gear ratios need to be recalibrated. We’re hoping the Aussie hypercar is a success.

Why was this big news?

Australia producing its own hypercar designed for roads around the world. If successful, the BT62R might position Australia (once again) as a serious player in the performance car world. Most people remember classic cars when thinking of Aussie made performance cars.

4: Hybrid and electric 2020 cars outsell diesels in Europe for the first time

Hybrid and electric 2020 cars

In September 2020, electric-powered vehicles passed a major milestone; they outsold diesel vehicles. The pros are outweighing the cons of electric cars – the market shows this.

Only a decade ago, half of all cars in Europe were diesel – that market share has now slumped to 24.8%. In September 2020, a total of 1.3 million new cars were registered in Europe:
327,800 – electric
322,400 – diesel

  • The remaining number were petrol.

Despite petrol vehicles still being a winner, it’s nice to see EV options becoming more dominant.

Why was this big news?

It wasn’t too long ago that EVs were considered having a poor range with electric charging locations few and far between – and commanding a huge price for the privilege.

Consumer confidence, shown in the numbers, indicates that those concerns are a thing of the past. Furthermore, any decrease in CO2 is a good thing.

5: November 2020 vehicles sales in Australia beat November 2019

November 2020 vehicles sales in Australia beat November 2019

In a year of bushfires, lockdowns, social distancing, working from home and economic woes (and a whole lot more), last month’s car sales show the market is bouncing back.

The numbers:

November 2019: 84,708 vehicles sold in Australia.
November 2020: 95,205 vehicles sold in Australia.

That’s a 12.4% increase. In fact, November 2020 was the best November in 4 years.

Toyota is seeing huge growth. 23,204 out of the 95,205 vehicles sold last month wore the Toyota badge.

Why was this big news?

It reflects consumer confidence in cars in Australia led by the government’s Instant Asset Write-off scheme along with the easing of COVID restrictions. The lifting of travel restrictions like state border closures also help.

The auto industry may not have fully recovered, but November’s sales are definitely a good sign.

Cars in 2020 Conclusion:

With the year becoming a thing of the past, most people are pretty happy. Anyone in the auto industry is surely one of them.

Things are looking up with vaccines on the horizon and lockdowns (hopefully) in the rearview mirror.

Angela Monroe
Angela Monroe is the Community Manager at The Positive Group, specialising in giving people the information that they need when they need it, and putting you on the path to a fair financial future. She has 8 years of experience in helping Australians find the right finance solutions, and regularly contributes articles to empower Australians with the knowledge they need to become financially healthy.

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