Electric vehicle (EV) usage is rising but manufacturers should consciously measure the residual values to help users determine the total cost of ownership. In brief Measuring the residual value of EVs has several considerations, including market demand, technology, and policy. EV residual...
You can probably remember the pre-pandemic days when you gave a customer the bad news about their vehicle, and they might have declined repairs and said, "It is time to trade it in." Today that is becoming a rare scenario. With new cars in short supply and used car prices going throug...
1. The act, process, or result of altering or modifying: a change in facial expression. 2. The replacing of one thing for another; substitution: a change of atmosphere; a change of ownership. 3. A transformation or transition from one state, condition, or phase to another: the change of...
Today’s drivers have a vast array of options that go well beyond traditional vehicle ownership. Consumers are now considering electric vehicle (EV) ownership, software-defined vehicles, digital purchasing experiences, flexible car ownership and car-subscription models—just to name a few. The conve...
1. The act, process, or result of altering or modifying: a change in facial expression. 2. The replacing of one thing for another; substitution: a change of atmosphere; a change of ownership. 3. A transformation or transition from one state, condition, or phase to another: the change of...
OEMs face the threat of losing ownership of the customer contact and large parts of their value chain and being reduced to sole providers of hardware. Fleet managers need to rethink their position as asset-managers towards integrated mobility providers also offering services that are not necessarily...
While individual consumers are questioning the value and risk of vehicle ownership, last mile providers are also crunching the numbers and asking similar questions about their company-owned fleets. Most businesses have peak periods where their fleets are stretched to capacity, and then quieter times...
Last month, South Koreaʼs second-biggest chaebol, Hyundai Motor Group, announced a plan to streamline its ownership structure in response to calls for chaebol reform. Lee, vice chairman of Samsung Electronics, was found guilty but freed in February after an appeals court suspended his prison ...
that desire for car ownership remains strong, especially amongst the young, and that drivers are considering a dramatic switch to electric and hybrid vehicles (EVs). This will impact manufacturer and supplier engine strategies and push for faster development of EV ecosystems, such as charging ...
1. The act, process, or result of altering or modifying: a change in facial expression. 2. The replacing of one thing for another; substitution: a change of atmosphere; a change of ownership. 3. A transformation or transition from one state, condition, or phase to another: the change of...