Autonomous Vehicles Will Shrink Auto OEM Collision Repair Revenue By Nearly 50 Percent By 2030, KPMG Projects
KPMG projects that OEM collision repair revenue, which was $5.6 billion in 2015, could drop to $2.7 billion by 2030 and dwindle to $1.4 billion by 2040.
Hands Off? Not Quite – Study Shows Consumers Fear Technology Failures With Autonomous Vehicles
With the exception of Gen Y, all other generational groups are becoming more skeptical of self-driving technology, which poses a new challenge to car manufacturers and technology developers, according to the J.D. Power 2017 U.S. Tech Choice Study.
Older Drivers Embrace Active Safety Features But Resist Autonomous Vehicles, According To Munich Re, US Survey
When asked what they believe to be the greatest benefit of active safety features for senior drivers, nearly half (41 percent) of the survey respondents cited improved safety of elderly drivers, maintaining their independence (19 percent) and reducing societal costs from accidents (13 percent).
Deloitte Study: Fact, Fiction And Fear Cloud Future Of Autonomous Vehicles In The Minds Of Consumers
Consumers around the world remain skeptical about the safety of fully autonomous vehicles and hold widely divergent views on who they trust to bring autonomous vehicles to market, according to a new study from Deloitte. The study compares consumer attitudes from 17 countries on self-driving cars, advanced safety, powertrain systems and cockpit technologies, along with people’s willingness to pay for these features.
Visteon’s Silicon Valley Technical Center To Lead Development Of Artificial Intelligence For Autonomous Vehicles
The recently opened facility in Santa Clara, California, will work closely with global Visteon tech centers to develop excellence in artificial intelligence software, advanced driver awareness systems and deep machine learning.
Most Companies Unprepared For Emergence Of Autonomous Vehicles, According To Munich Re Survey
A majority (65 percent) of risk managers surveyed said their companies have done nothing to prepare for the emergence of autonomous vehicles in the auto market.
Consumers In China Less Enthusiastic For Autonomous Vehicles, Find J.D. Power And Tencent Auto
J.D. Power found that just 9 percent of consumers in China are very positive on the prospect of unmanned mobility, roughly half the number of positive responses seen among U.S. consumers.
Ford Begins Implementation Phase In Development Of Autonomous Vehicles
Following six months of gathering data and consumer insights, Ford is honing in on two strategic areas: flexible use and ownership of vehicles and multimodal urban travel solutions.
Survey Finds 7 In 10 Insurers Unprepared For Potential Disruption From Autonomous Vehicles
KPMG found skepticism about the potential transformation autonomous vehicles will bring in the near-term. Few carriers have taken action – not due to doubts about the possible ramifications, but rather because most believe the change will happen far into the future, if at all.
Autonomous Vehicles Will Surpass 95 Million In Annual Sales By 2035, Forecasts Navigant Research
According to a new report from Navigant Research, sales of autonomous vehicles will grow from fewer than 8,000 annually in 2020 to 95.4 million in 2035, representing 75 percent of all light-duty vehicle sales by that time.