We recently compiled a list of the 20 most comfortable cars of 2024, and in this article we’re bringing to you the most comfortable car of 2024.
The Global Automotive Industry
The international automotive industry is a huge web of companies involved in designing, developing, manufacturing, marketing, selling, repairing, and modifying vehicles. Consequently, it is one of the largest industries in the world, valued at $4.4 trillion in 2024, as reported by Fintech Futures. The industry is expected to reach $6.7 trillion by 2032, with a compound annual growth rate of 5.66%.
A huge reason at play here is the increasing demand for Electric Vehicles (EVs). This innovative expansion of the automotive industry in the direction of autonomous vehicles is expected to increase sector revenues by 30% by 2032. According to Virta, global electric car sales in 2023 reached about 14 million, a 35% increase from the previous year. The sales projections for 2024 remain at 17 million units of EVs.
The global market is keeping up with the demand for EVs by increasing investments in the niche sector. For instance, there is more focus on improving facilities and charging infrastructure. In January, Forbes reported that by 2024, charging stations are expected to reach 2 million units globally.
Despite growth potential, Forbes reported that EV sales in the US for 2024 are expected to grow by 16% year-over-year. This is much smaller than the year-over-year growth of 64% in 2023. In China as well, the year-over-year growth would be 11.1% in 2024, as compared to 36.5% in 2023.
This is because the rapid growth in 2023 was influenced by first-time buyers. Consumers who wanted to switch to EVs had already done so by 2023, and so the number of buyers decreased in 2024. Other viable reasons included changed consumer preferences due to inflation, increasing interest rates, and overall increased competition in the automotive sector. Industry leaders like Elon Musk are lowering prices to prompt higher sales.
However, China still makes 60% of the total global EV sales. By 2025, China is expected to capture 12% of the European EV market, through competitive pricing, cutting-edge battery technology, and the growing popularity of its electric car brands.
Biggest Players in the Market
The United States has generally been one of the key players in the automotive market. In the early to mid-20th century, the country had the largest automotive sector in the world. According to a report by the Alliance for Automotive Innovation, historically, it made up about 3% to 3.5% of the total US GDP. In fact, 11.5% of the manufacturing sector’s contribution to the US GDP also comes from the automotive industry – directly and indirectly.
However, this year in June, the sales of new vehicles dropped 3.4% year-over-year amounting to 1.32 million units. The slowdown in sales was followed by higher prices and interest rates that hindered a stronger market. However, the full-year sales estimates look better, with new vehicle sales expected to reach 16.1 million, a 12.4% increase from 2023. At the same time, on June 25 Reuters reported that the US automotive industry remains uncertain due to the upcoming elections. Despite this, Cox Automotive maintains its full-year estimates at 15.7 million units for 2024.
Yet, we see that the US consumer market has been reluctant to purchase vehicles. Reuters reported that around 74% of consumers and 81% of dealers believe that inflation is the top concern and that the election uncertainty adds to it.
On June 14, CNBC reported that Chinese automakers have overtaken the US in auto sales for the first time. Chinese automakers sold 13.4 million new vehicles in 2023, compared to 11.9 million vehicles sold by the US. The country grew its automotive sales by 23%, surpassing the 9% growth by the US.
China has captured the international market by increasing automotive sector exports. On June 27, CNBC reported that auto export sales for China are expected to increase from 3 million in 2024 to 9 million by 2030. Currently, around 59% of the sales come from within the country – with Russia as the largest market at 33% – but Chinese automakers are expected to achieve 33% of the global automotive market share by 2030. As of 2024, China has 21% of this market share.
SAIC Motor: China’s Automotive Giant
SAIC Motor Corp. Ltd. (600104:SS) is a Chinese state-owned automobile manufacturer, formerly known by the name of Shanghai Automotive Industry Corporation. It develops, manufactures, and sells automobiles and related parts. SAIC Motor Corp. Ltd. (600104:SS) produces and sells vehicles under its brandings as well. These include IM, Maxus, MG, Rising Auto, and Roewe. It is one of the largest automotive companies in China, founded in 1997 and headquartered in Anting, Shanghai.
The company is valued at $23 billion as of August 2024. In 2023, it was ranked number one on the Fortune 500 China list for Chinese automotive manufacturers. SAIC Motor Corp. Ltd. (600104:SS) made a revenue of $104.93 billion that year, with a total of 5.02 million units sold, remaining the 18th top domestic automaker.
The company set new records in both electric vehicle sales and international markets in 2023. It boosted its sales by 4.6% to 1.12 million, as compared to 2022. China’s The Paper reported that the global reach expanded significantly, with overseas sales rising by 18.8% to 1.2 million units. Overseas sales are expected to reach 1.35 million in 2024. Vice President of the company, Zhao Aimin, said that the aim for 2025 overseas sales is 1.5 units.
With these numbers, SAIC Motor Corp. Ltd. (600104:SS) maintained its position as the top Chinese automaker in foreign markets for the 8th consecutive year in 2023. These progressions for the company are instrumental in making China the world’s largest car exporter overall.
For the first quarter of 2024, the company reported a total operating income of $20.72 billion, which is less than $21.13 billion in the same period last year. The net profit for Q1 2024 was $392.75 million, also showing a decrease from $402.90 million year-over-year. These figures indicate a decline in profitability.
At the same time, deliveries reached 1.132 million units, which is a 9.3% increase compared to the same quarter last year. Notably, sales of new EVs rose by 47.9%, with over 210,000 units sold. While there’s a strong demand for EVs, SAIC Motor Corp. Ltd. (600104:SS) has faced issues due to increasing competition in the automotive market.
In May, Bloomberg reported that Volkswagen AG’s Audi and China’s SAIC Motor are collaborating on a new shared vehicle platform – where they will be developing three new pure electric models as part of Audi’s electrification strategy in China. This new platform, by the name of Advanced Digitized Platform, will be designed for premium electric smart cars tailored for the Chinese market.
Audi expects that this partnership will reduce the time to develop and launch a new car model by 30% for the upcoming new models. This will give the company a competitive edge over the rest of the automotive sector. The first model under this new platform is expected to be available in 2025.
SAIC Motor Corp. Ltd. (600104:SS) aims to cut 30% of its employees. 10% of this reduction is planned at the SAIC-Volkswagen partnership, as reported in April by Reuters. However, these will not be mass layoffs but rather targeted throughout 2024, through stricter performance standards and incentives for lower-rated employees to resign.
However, a spokesperson for the company denied these speculations about job cuts, stating that there are no targets for workforce reductions. Notably, the company hired 2,000 employees in early 2024, focusing on software and new-energy vehicles.
What’s Here for You?
Whether or not Chinese automakers are doing better than the rest of the world, what makes or breaks your driving experience is your car’s interior. A cramped cabin with uncomfortable seats can turn even short trips into a chore. But a comfortable vehicle with plenty of space and plush seating can transform your drive into a relaxing escape.
While often overlooked for new car features, passenger and driver comfort is important for those who spend a lot of time on the road. Fortunately, modern vehicles offer many features designed to enhance the driving experience.
The Most Comfortable Car of 2024
Methodology
To compile our list, we first searched through different internet lists and Reddit threads on the most comfortable cars for consensus. We then used reviews and ratings from Edmunds to form an opinion. We used the rating as our primary determinant and then made a final call based on the number of reviews. We have only included cars with at least 15 reviews and a rating of at least 3 out of 5. The most comfortable cars of 2024 are listed in ascending order of rating.
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The Most Comfortable Car of 2024
1. Chevrolet Corvette
Rating: 4.8/5
Number of Reviews: 33
The Chevrolet Corvette is a high-performance sports car known for its striking design and powerful engine. Despite being a sports car, the Corvette offers ample space for passengers and cargo, so it’s a practical buy.
Corvette features well-designed, supportive seats for comfort. The suspension is tuned for both performance and comfort. The car’s design minimizes road noise as well. It has an intuitive infotainment system and driver-assistance features, which make the driving experience better.
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