{"id":43615,"date":"2023-02-24T12:02:21","date_gmt":"2023-02-24T17:02:21","guid":{"rendered":"https:\/\/autosector.com\/?p=43615"},"modified":"2023-02-24T12:02:21","modified_gmt":"2023-02-24T17:02:21","slug":"1138856_study-gas-vehicle-resale-worries-could-drive-subscriptions","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=43615","title":{"rendered":"Study: Gas-vehicle resale worries could drive subscriptions"},"content":{"rendered":"

Automakers are trying out subscription models for EVs as an alternative to traditional buying or leasing, but a new Deloitte report<\/a> argues they may also play a somewhat surprising role in gasoline-car sales.<\/p>\n

With expected growth in EV adoption, concerns over the resale value of internal-combustion cars may drive subscription models, according to the report. This conclusion was based on a fall 2022 survey of more than 9,500 consumers in the U.S. and Europe, according to Deloitte.<\/p>\n

<\/p>\n

But that worry doesn’t always go in the direction we might expect. Of those surveyed, 57% of European consumers and 55% of U.S. consumers “expressed concern” about the resale value of their internal-combustion vehicles “especially because of their planned obsolescence in favor of EV adoption,” according to Deloitte.<\/p>\n

\"Consumer<\/p>\n

Consumer interest in vehicle subscriptions (from 2023 Deloitte report)<\/p>\n<\/div>\n

\u00a0<\/p>\n

Granted, concern about the resale value of EVs was also high, with 47% of European and 49% of U.S. survey participants saying they were concerned about the future value of their EVs. That’s likely due to rapidly changing vehicle and battery technologies, the report said.<\/p>\n

Either way, this seems to create an opening for subscriptions, which allow consumers to put cars in their driveways for a set fee, but maintain the option to return the car at any time.<\/p>\n

The concerns over gasoline-car resale values are a turnaround, though, as just a few years ago the concern was overwhelmingly over EV resale value. Tesla may have helped quell that, as its used cars have generally sold very fast<\/a>.<\/p>\n

\"Concerns<\/p>\n

Concerns over vehicle resale value (from 2023 Deloitte report)<\/p>\n<\/div>\n

There’s been no shortage of experiments with EV subscriptions. Hyundai just brought back its subscriptions for EVs<\/a> allowing flexible access by the month. California’s Autonomy also offers a low-commitment way to subscribe to a Tesla vehicle<\/a>.<\/p>\n

Not everyone sees subscriptions as the model of the future. Canoo started focusing on such a model but moved away from it<\/a> for a fleet and ownership focus. Vinfast had been planning to offer a plan through which drivers would lease the battery pack<\/a>, rather than the entire vehicle, but also appears to have backed away from that.<\/p>\n","protected":false},"excerpt":{"rendered":"

Automakers are trying out subscription models for EVs as an alternative to traditional buying or leasing, but a new Deloitte report argues they may also play a somewhat surprising role in gasoline-car sales. With expected growth in EV adoption, concerns over the resale value of internal-combustion cars may drive subscription models, according to the report. […]<\/p>\n","protected":false},"author":1,"featured_media":43616,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"class_list":["post-43615","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-e-cars"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/43615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43615"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/43615\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/43616"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43615"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}