NADA UCG Study on Driverless Cars, Black Book Looks at Past Three Months August 6, 2015
Banks_Jonathan


What Americans Think About Driverless Cars

Jonathan Banks
Executive Automotive Analyst
NADA Used Car Guide

A survey by NADA Used Car Guide of 2,100 individuals showed an interest in the idea of driverless mobility, while maintaining apprehension to the means of travel as a realistic alternative to today’s transportation options. Over half of survey participants think autonomous vehicles will be publicly available within 10 years, while 23% of respondents anticipate it taking 20 or more years for self-driving vehicles to become a reality for the general public.

Here’s the NADA Used Car Guide Perspective on Driverless Cars

OEMs, Suppliers and Organizations Outside Industry Taking Part in Research:
Honda, Subaru, Jaguar Land Rover, DENSO, Delphi, and MIT active in autonomous vehicle research projects along with Google.

McKinsey & Company Speculates Insurers May Shift Business Model:
Away from consumer coverage toward insuring OEMs from liabilities.

Over 90% of Survey Participants Would Prefer Part-Time Automated Car:
They envision both scenarios in which they would use the car’s self-driving capability, as well as others in which they would choose to drive themselves.
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Anil Goyal


Smaller Cars Hardest Hit in Depreciation Over Past Three Months

Anil Goyal
Vice President of Automotive Valuation and Analytics
Black Book

Black Book has taken a look at depreciation trends in the past three months and sees that smaller cars have been hardest hit. The Entry Level Car segment dropped by over 9% in value during that period. Truck resale values decreased by 0.19% last week, which is similar to the average depreciation seen by trucks over the last 12 weeks; but that’s two-thirds of the depreciation rate seen this time last year.

Check out the latest Market Insights Report from Black Book

Overall Car Values Decreased by 0.45% Last Week (Volume-weighted):
Similar to the average depreciation rate over past three months, but three fourths of depreciation rate seen this time last year.

Compact Pickup, Mid-Size Pickup and Full-Size SUV Segments:
Have retained their value the best over the last 3 months, changing less than 1%.

Seems to Be Variety of Opinions Between Dealers About Market Activity:
Some see retail activity as being good and some say it’s slow.
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