Data Did You Know: According to the Mannheim Used Vehicle Value Index, the wholesale price of used vehicles increased 8.3% in April 2021, compared to March. The increase in value over April 2020 was 54.3%. Total used vehicle sales in April were also up 69% compared to April 2020.
The study found that owners’ experience with BEV advanced technology is more problematic than with ICE vehicles.
Battery-electric vehicle (BEV) owners experience more problems with advanced technology than do owners of internal combustion engine (ICE) vehicles, according to the J.D. Power 2023 U.S. Tech Experience Index (TXI) Study, released on August 24. The study focuses on the user experience with advanced vehicle technology as it first comes to market and is an early measure of problems encountered by vehicle owners.
AAA forecasts that 37 million crashes could be prevented over the next 30 years with ADAS.
The share of vehicles more than eight years old will increase, the report says, signaling increased aftermarket business.
New near-zero emission diesel trucks on the road increased 10.2% from 2021 to 2022, according to the Diesel Trucking Forum.
The impact of digital media on retail sales will be $177 billion in 2023 in the US, according to Hedges & Co.
Read more about 360-degree product imagery and the impact of gas prices on the aftermarket.
The frequency of claims submitted for repairable EVs rose to its highest level in 2023, ending the year at 1.97% in the U.S. and 2.86% in Canada.
The report by the Automotive Component Manufacturers Association and Ernst & Young shows an over $35 billion export opportunity for India.
A new study from Bain & Co. reveals that 55% of large businesses commit to circularity, but linear mindsets hold them back.
