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USED CARS – Are You Prepared For A Good Thing?

In the United States, vehicle sales peaked in 2000, at 17.8 million units. In 2007, there were about 806 million cars and light trucks on the road, consuming over 980 billion litres of gasoline and diesel fuel yearly. The automobile is a primary mode of transportation for many developed economies. The Detroit branch of Boston Consulting Group predicted that, by 2014, one-third of world demand would be in the four BRIC markets . Meanwhile, in the developed countries, the automotive industry has slowed.

  • Thirdly, the Indonesian government is eagerly trying to speed up infrastructure development across the Indonesian nation.
  • This is in accordance with national and international trends that require motor vehicles that meet the various requirements for ecological challenges.
  • It is also the industry with the highest spending on research & development per firm.
  • They may also be part of a broader ecosystem that, for example, might incorporate other transportation modes, address general public safety issues and SmartCity interactions.

The central bank of Indonesia decided to revise the down payment requirements for the purchase of a car in an attempt to boost credit growth . Per 18 June 2015, those Indonesian consumers who use a loan from a financial institution to purchase a passenger car need to pay a minimum down payment of 25 percent . It is estimated that around 65 percent of all car purchases in Indonesia are made through a loan.

Ams OSRAM AS8579 capacitive sensor uses novel technique for foolproof, hands-on detection design. It enables sensing placement within the steering-wheel industry’s first completely reliable solution for hands-on detection and offers the simplest way for car makers to comply with the UN Regulation 79. As the first W3C initiative in this space, the Automotive Working Group is designed to address the need for standards in a connected vehicle ecosystem. Accenture, Faurecia and Affectiva are collaborating to innovate driver safety and in-car infotainment for occupants. Transform the customer experience from many disconnected interactions to a holistic and meaningful personalized experience that is founded on purpose. Intuitive, informative, and immersive in-vehicle experiences, enriching travel for drivers and passengers.

They may also be part of a broader ecosystem that, for example, might incorporate other transportation modes, address general public safety issues and SmartCity interactions. Alexandre Audoin is Capgemini Group’s global leader for the automotive industry and head of automotive within Capgemini Engineering . We empower global automotive companies, OEMs, and suppliers to create agile business models and a connected mobility ecosystem that can adapt rapidly to change. When it comes to industry standards, best practices and tools, no one can bring the expertise that AIAG does. We bring together industry leaders from OEMs and Suppliers in the areas of Quality, Supply Chain, and Corporate Responsibility to develop the tools that make the entire automotive supply chain more efficient. Check out all of the products AIAG and our industry volunteers have developed below.

Next Generation of Automotive Innovation

When these LCGC cars were introduced they, generally, had a price tag of around IDR 100 million (approx. USD $7,500) hence being attractive for the country’s large and expanding middle class segment. By early the average price of the LCGC had risen to around IDR 140 million (approx. USD $10,500) per vehicle. With the implementation of the ASEAN Economic Community at the start of 2016, the Indonesian government also aims to make Indonesia the regional hub for the production of LCGCs. Domestically, GAIKINDO facilitates its members’ interests in relation with the Government’s policies regarding the automotive industry.

Electric vehicles on the rise

Our broad experience allows us to also support wholesalers, car importers, and service providers, as well as private equity companies and investment banks in the auto industry. CAR’s leading-edge research impacts the future of the global automotive industry by informing industry leaders and policymakers and facilitating communication across the industry. With over 20 years of supporting the automotive sector and a complete portfolio of AEC qualified products, onsemi enables customers to design high-reliability solutions that create value for the end-user while delivering peak performance. The global trends of urbanization, climate change and digitalization are challenging the automotive industry.

After 1945, the U.S. produced about 75 percent of world’s auto production. In 1980, the U.S. was overtaken by Japan and then became world leader again in 1994. In 2006, Japan narrowly passed the U.S. in production and held this rank until 2009, when China took the top spot with 13.8 million units. With 19.3 million units manufactured in 2012, China almost doubled the U.S. production of 10.3 million units, while Japan was in third place with 9.9 million units.

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