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    Usage-based vehicle insurance—all PAYD up and raring to go!
    Usage-based insurance (UBI), also known as telematics insurance, is a type of automotive insurance that uses real-time information about a driver's actual driving ability and habits to assess actuarial risk. This information is collected via a tracking device, such as a professionally installed black box; an on-board diagnostic (OBD-II) device or dongle; a smartphone; or, increasingly, a car's factory-installed connected platform that connects the car to a local wireless network, enabling data t...
    Automotive Supplier Outlook 2024
    The automotive industry grappled with a range of challenges this year, including ongoing supply chain disruptions, chip shortages, rising energy costs, inflation, recession fears, waning consumer demand, a shift towards software and electronics, labor shortages, strike action, and volatile order forecasts. It also faced several geopolitical concerns and challenges, including the ongoing trade tensions between the US and China, which resulted in tariffs and trade barriers that disrupted global su...
    Executive interview: Schaeffler India on aftermarket trends and need for standardization
    Schaeffler India Ltd.’s Automotive Aftermarket division is responsible for its Spare Parts business and delivers repair solutions through its three brands — LuK, INA and FAG, which offer clutch release systems, transmission and engine applications. Additionally, the company offers a range of lubricants and other consumable products under the Schaeffler TruPower brand. At the recently held Automechanika New Delhi 2024, Schaeffler India showcased its new-gen Serviceable Clutch Systems for ...
    What opportunities do advanced driver assistance systems bring to the US aftermarket?
    The innovations in automotive technology have led to the proliferation of an array of automated driver assist systems (ADAS) in the United States to compensate for driver inattention, which is helping to reduce crashes, injuries and deaths. ADAS includes features such as adaptive cruise control (ACC), lane departure warning (LDW), automatic emergency braking (AEB) and more, which are becoming increasingly common in modern vehicles. The proliferation of this technology will create several opportu...
    How many end-of-life BEV batteries will be available in Greater China by 2032?
    It is well known that Greater China is swiftly transitioning to electrification and the region is by far the largest market for battery-electric vehicles. Here is an interesting statistic: for every three new cars sold in mainland China in May 2023, one was powered by alternative energy. New car buyers are witnessing a rapidly expanding product range, and technology iterations in BEVs are appearing at a much faster pace than before. NEVs accounted for 33.3% of mainland China’s passenger veh...
    Auto Safety Systems - Calibration challenges and opportunities
    With the average age of vehicles on US roads at 12.5 years, new-car shoppers returning to the market may be unfamiliar with some of the advanced driver assistance systems (ADAS) applications now available. And even though many owners of newer cars have driven ADAS-equipped vehicles for several years, they may not have needed a repair or performed a modification that impacted those features or sensors. ADAS are an important development in vehicle safety — especially as consumer demand and im...
    Doorstep vehicle servicing and its business opportunities
    Through restricted mobility, caused by the pandemic, many vehicle users have found stay-at-home alternatives to everyday requirements. As people are settling into a new normal, many have begun exploring more services that can be provided at their doorstep and are expanding their search to include categories such as vehicle maintenance and repair. This is being reflected in the early signs of an automotive service evolution, and one such example of this is doorstep vehicle servicing.  ...
    Key trends shaping the US automotive aftermarket
    The US automotive aftermarket (consisting of light vehicles) has shown resilience and agility in the face of the downturn in demand and vehicles miles traveled (VMT) caused by the COVID-19 pandemic since 2020. In 2020, the automotive aftermarket decreased by 5.3% to USD286.2 billion, a stronger performance than originally predicted (down 8.8%). In 2021, it is estimated to have rebounded by a robust 14.8% to USD328.5 billion, considerably higher than previously forecast (11.2%), according to the ...
    Executive Interview: Aaron Lowe, SVP, Auto Care Association on US automotive Right to Repair
    The battle over access to vehicle repair information has been playing out in the court of the Commonwealth of Massachusetts, United States over the last few years and has gained further momentum in the past year. The commonwealth has delayed implementing the proposed law, which would require motor vehicle owners and independent repairers to get expanded access to vehicle maintenance and repair data, until a final ruling from the US District Court judge for the District of Massachusetts, whose de...
    Is there a future for a battery-swapping business model globally?
    So far battery swapping has been unable to make the transition from being a niche offering to a mass-market service. Battery swapping offers many advantages to customers, including the potential to overcome range anxiety and slow charging times. According to the IHS Markit Consumer Survey in 2019—conducted in eight major automotive markets with 8,000 participants—35% of consumers expect their vehicle to fully charge in less than 30 minutes, out of which 11% wanted a full charge in less than ...
    Players shaping India’s car repair market
    The car repair and service segment in India can be broadly divided into three verticals that cater to the Indians car owner’s maintenance needs. According to Mahindra First Choice Services, a chain of organized workshops, which quoted data from a 2016 aftermarket study by Automotive Component Manufacturers Association (ACMA), these verticals are the unorganized garages, which account for about 64% market share; OEM-authorized repairers, which constitute approximately 32% of the market; and org...
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