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2 clusters · 6 sources · 3 days · First seen · Last updated

Global automotive ownership cost trends

Overview

Global automotive market trends indicate a growing consumer focus on the total cost of ownership rather than initial purchase prices. Research highlights varying reliability risks across engine types, with electric vehicles and diesel engines showing higher defect rates compared to petrol and hybrid models.

In various regions, including Macedonia, there is a heavy reliance on the used car market. High-income buyers are increasingly opting for second-hand vehicles to avoid steep depreciation, which can reach 20% immediately for luxury brands.

In China, this trend is manifesting as consumers sell relatively new vehicles—some after only a few months of use—due to the financial strain of monthly loan repayments, insurance, fuel, and parking. Data indicates that used vehicles under three years old now account for 26% of total second-hand transactions in China, suggesting many buyers underestimate the ongoing costs of vehicle ownership during the first year.

Entities

What Car? · ACI · AutoScout24 · UNRAE · Rolls-Royce

Timeline

  1. 12 days ago

    [BUSINESS] 2 sources
    Consumers in China sell new vehicles due to high ownership costs

    Chinese consumers are increasingly selling new cars shortly after purchase due to high monthly installments, depreciation, and unforeseen maintenance and parking costs.

  2. 14 days ago

    [BUSINESS] 4 sources
    Automotive market trends: Total cost of ownership and used car demand

    Consumers are increasingly prioritizing total ownership costs and depreciation over initial price, driving a growing interest in the used car market across various regions.

Sources

afamily.vn · agendaonline.it · denar.mk · genk.vn · motorbox.com · panoptikum.mk