A new report from the American Automobile Association finds that automakers are struggling to deliver the best-in-class vehicles, despite billions in investments in technology and fuel efficiency.
The group surveyed 1,000 automakers, and found that just 13 percent of the vehicles they test have been delivered on time.
Some of those that have come on time, like Ford and GM, have been slower than expected.
And some of the newer vehicles that have arrived on time are not as good as expected, such as the Chevrolet Bolt, the first fully electric car in more than five years.
Automakers will continue to struggle to deliver vehicles with the best safety record and performance.
“The carmakers are going to be out of business in 20 years,” said Michael Horn, president of the research firm Edmunds.
The auto industry’s troubles stem not only from falling sales but also from the lack of innovation in the industry, said Jim Hoberman, chief executive of Kelley Blue Book.
“If you’re looking for the future, look at the next decade,” he said.
Hobermann said the industry’s biggest problem is not the shortage of vehicles, but rather its lack of investment in technology, fuel efficiency and other advanced technology.
“Technology is going to change the world of transportation in a big way,” he predicted.
Huberman said the automotive industry should focus on making the vehicles faster and cheaper.
He said that the industry should invest in improving the vehicles’ safety record.
“We can’t afford to spend a trillion dollars on technology,” he added.
The new report comes on the heels of a separate report from Edmunds that found that a majority of Americans say they expect the auto market to grow in the next 10 years.
The report found that 63 percent of respondents said they expect automakers to continue making vehicles with higher safety and performance standards, and 70 percent of them expect automakers will continue making electric vehicles, and that most of those consumers expect automakers in the future to make their vehicles fuel efficient.
But only 37 percent of consumers said they expected the auto companies to make vehicles more fuel-efficient.