Search results for: 'used and equity behavior analytics based on machine learning'

Latin America is going through challenging times with isolation measures and economic difficulties due to COVID-19. The global microchip shortages and the closure of regional automotive factories impacted new car sales, and stimulated the rise of their prices. It also provoked the increase of used car sales and prices in the region. In 2020, 18.5 m...

15 Jun 2021  |  North America  |  Market Research

US Automotive Usage-based Insurance Growth Opportunities

Transformational Growth Enabled by Connected Data Ecosystems Drives New Insurance Models

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For decades, automotive insurers have based underwriting on historical driver data and demographics. Drivers were forced to settle for one-size-fits-all policies that did not take into account their driving habits or miles driven. This began to change with the emergence of real-time tracking of vehicle and driver behavior with vehicle telematics. T...

09 May 2016  |  North America  |  Market Research

Automotive Voice Recognition Market, Forecast to 2022

Voice Biometrics, Virtual Assistant and Deep Learning Emerge as Major Market Disruptors

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Voice Recognition (VR) technology is primarily focused only on infotainment use cases. However, Original Equipment manufacturers (OEMs) and Tier-I suppliers are significantly investing in biometric and machine learning technologies. Even though OEM’s are trying to adopt cloud-based and hybrid solutions, they are still dependent on embedded solution...

The objective of this research is to analyze the growth potential of telematics-enabled usage-based insurance (UBI) service in the North American market. The study also illustrates the impact of legislations put forth in California on the total telematics-enabled UBI market. The main objective of this study is to highlight the following: The market...

Since the COVID-19 pandemic started, the used car market has boomed, and online transactional companies (OTCs) have gained traction. Among them, Kavak has stood out in Latin America with its owned certified vehicles. Created in 2016 in Mexico, the company became the 1st unicorn from the country. Currently, it has operations in Latin America and the...

The used premium car sector represents almost 3% of the Mexican used car market; it expanded in the last few years due to global scarcity of materials and auto parts, an absence of new premium vehicles, and increasing prices. In Mexico, most used premium vehicle local transactions are informal due to pricing offered to clients and less bureaucr...

22 Feb 2018  |  North America  |  Market Research

North America Used Truck Market Analysis, Forecast to 2025

Sales Volume of Class 8 Used Trucks to Reach 281,000 Units By 2025

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Key Issues Addressed

The demand for used trucks is expected to remain flat in the short term and gain strength in the medium term following the implementation of greenhouse gas (GHG) phase 2 regulations, combined with the upcoming fleet replacement cycle in 2019-2020. Many owner-operators and other smaller fleets are still uncomfortable with the low used truck prices a...

13 Jul 2016  |  North America  |  Market Research

Used Car Market in North America 2016–2022

Used Car Market to Transform by 2022 with Increased Online Sales and Pre-owned Leased Vehicle Sales

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The North American used car market is almost 2.5-times bigger than the new car market and that ratio is not going to reduce anytime soon. This study captures the growth of the used car market until 2022 and assesses the factors impacting this market such as pricing pressures from the increasing number of off-lease vehicles entering the used car mar...

As the automotive industry becomes increasingly reliant on connected and automated technologies, in-vehicle navigation and location-based services are informing much more than direction-impaired drivers. Automakers rely on these systems to ensure vehicle performance as well as passenger and vehicle safety. Today’s in-vehicle navigation features sup...