PRESS RELEASE Published July 20, 2023 NewsmantraaNew York, Global Automotive Aftermarket Market report from Global Insight Services is the single authoritative source of intelligence on Automotive Aftermarket Market.\nAutomotive aftermarket is a term used to describe the secondary market for automotive parts, accessories, and services.\nAutomotive aftermarket technology is evolving at a rapid pace, bringing about a number of new trends that are transforming the industry.\nOne of the key trends in automotive aftermarket technology is the emergence of connected car technology.\nIt is estimated that the global Automotive Aftermarket will reach $742 billion by 2025, up from $595 billion in 2018.
"}}}},{"node":{"postTitle":"Subscription Fees Get Mixed Results from Car Buyers","slug":"subscription-fees-get-mixed-results-from-car-buyers","publishDate":"None","createdLocal":"2023-07-21 14:31:16.843455","feedName":"Connected Car","postSummary":{"childMarkdownRemark":{"html":"S&P Mobility reported the results of its survey yesterday, saying that car-shoppers are largely satisfied with subscription-based infotainment services, but data security and privacy are concerns.\nAs for infotainment subscriptions, the survey found that consumers favor their smartphone over their vehicle where features are redundant.\nGen Z and Millennial respondents are most likely to drop connected-services subscriptions because of similar services on their smartphones, says S&P Mobility.\nAccording to S&P Mobility, GM sees an opportunity in consumer usage data.\nThese concerns did not seem to alter respondent subscribers’ attitudes towards subscription services, however.
"}}}},{"node":{"postTitle":"Chinese autonomous vehicle tech raises concerns, US transportation chief says","slug":"chinese-autonomous-vehicle-tech-raises-concerns-us-transportation-chief-says","publishDate":"2023-07-21 02:48:49+02:00","createdLocal":"2023-07-21 14:31:16.401209","feedName":"Autonomous Vehicle News","postSummary":{"childMarkdownRemark":{"html":"WASHINGTON, July 20 (Reuters) - U.S. Transportation Secretary Pete Buttigieg said on Thursday his agency has national security concerns about Chinese autonomous vehicle companies in the American market after some lawmakers called for restrictions on their operations.\n\"Whether we are talking about hardware or software, in the same way there are concerns around telecom or TikTok, there are concerns around transportation technologies,\" Buttigieg said in an interview with Reuters.\nButtigieg said the United States needs to better understand \"the true ownership of the different enterprises that are supplying different elements of our transportation systems.\"\nThe lawmakers were particularly concerned about AV vehicle and equipment testing in the United States.\nThe autonomous vehicle industry in the U.S. has been late delivering on promises of commercializing cars that drive themselves.
"}}}},{"node":{"postTitle":"Consumers Warming to In-Car Subscription Services","slug":"consumers-warming-to-in-car-subscription-services","publishDate":"2023-07-20 16:22:41-04:00","createdLocal":"2023-07-21 14:31:15.703253","feedName":"Connected Car","postSummary":{"childMarkdownRemark":{"html":"GM CEO Mary Barra said the company believed vehicle owners would pay $135 a month for in-car subscription services.\nStellantis CEO Carlos Tavares would generate more than $22 billion annually through in-car services by the end of the decade.\nOnce consumers experience connected services, they are overwhelmingly satisfied and likely to resubscribe, according to a recent global consumer survey of nearly 8,000 consumers conducted by S&P Global Mobility.\nThat’s because, once exposed, consumers are pretty happy with their connected services subscriptions.\nPaid upgrade safetyfeatures, such as high-beam assist and driving-video recorder, earned the highest satisfaction – 89% — of all connected services.
"}}}},{"node":{"postTitle":"Poshmark Introduces Posh Lens, a New Tool Enabling Effortless Style Search for Shoppers","slug":"poshmark-introduces-posh-lens-a-new-tool-enabling-effortless-style-search-for-shoppers","publishDate":"2023-07-20 10:49:39-04:00","createdLocal":"2023-07-21 14:31:15.450788","feedName":"Image Recognition","postSummary":{"childMarkdownRemark":{"html":"Poshmark, the fashion resale marketplace renowned for its vibrant community and real-time social experiences, has unveiled a new feature called Posh Lens.\nPoshmark’s Posh Lens FeaturesSee: Users can access Posh Lens by tapping the dedicated icon in the search bar from their Feed or the Shop tab.\nWhether finding the exact item they desire or discovering similar alternatives, the shopping experience is made more seamless with Posh Lens.\nCurrently, Posh Lens is available for the most popular categories on Poshmark, including Women’s and Men’s apparel, shoes, and bags.\nPosh Lens utilizes cutting-edge visual search technology and AI capabilities developed by Naver, Korea’s largest internet company.
"}}}},{"node":{"postTitle":"How to Get the Most Revenue, Efficiency in the Digital World","slug":"how-to-get-the-most-revenue-efficiency-in-the-digital-world","publishDate":"None","createdLocal":"2023-07-21 14:31:14.783408","feedName":"Connected Car","postSummary":{"childMarkdownRemark":{"html":"Photo: Fidelity Payment ServicesIn the new digital landscape, what advanced technologies make sense for non-major car rental operators to start using?\nThat's a vital questions given that picking the right technology tools can help improve the customer experience and increase loyalty.\nRental operators who choose to ignore these new technology tools could be hurting the growth and success of their businesses in the future.\n“Many of our rental car clients have operated for a long time without these new technologies,” she said.\n“Rental car clients are becoming more aware of what telematics technology can bring in terms of efficiency for running their businesses,” he said.
"}}}},{"node":{"postTitle":"Image Recognition in Retail Market Growth, Opportunities Business Scenario, Share, Growth Size, Scope, Key Segments and Forecast to 2025","slug":"image-recognition-in-retail-market-growth-opportunities-business-scenario-share-growth-size-scope-key-segments-and-forecast-to-2025","publishDate":"None","createdLocal":"2023-07-21 14:31:14.392462","feedName":"Image Recognition","postSummary":{"childMarkdownRemark":{"html":"Retailers deploy image recognition software solutions on-premises to encourage and strengthen marketing endeavors, which involve high costs with limited scalability.\nThis has encouraged retailers to adopt cloud-based image recognition solutions as they do not involve high upfront costs.\nTrax (Singapore) is recognized as one of the leading vendors in the image recognition in retail market.\nIBM provides Watson Visual Recognition in image recognition in retail market.\nContact Person: Mr. Aashish MehraEmail: Send EmailPhone: 18886006441Address:630 Dundee Road Suite 430City: NorthbrookState: IL 60062Country: United StatesWebsite: https://www.marketsandmarkets.com/Market-Reports/image-recognition-in-retail-market-181903303.htmlPress Release Distributed by ABNewswire.comTo view the original version on ABNewswire visit: Image Recognition in Retail Market Growth, Opportunities Business Scenario, Share, Growth Size, Scope, Key Segments and Forecast to 2025
"}}}},{"node":{"postTitle":"The Appeal of Vehicle Performance, Execution & Layout Declines","slug":"the-appeal-of-vehicle-performance-execution-layout-declines","publishDate":"2023-07-20 14:09:56-07:00","createdLocal":"2023-07-21 14:31:13.663494","feedName":"Connected Car","postSummary":{"childMarkdownRemark":{"html":"Automotive Performance, Execution and Layout (APEAL) Study,SM there is a consecutive year-over-year decline in owner satisfaction.\n“Despite the technology and design innovations that manufacturers put into new vehicles, owners are lukewarm about them.\nElectrified vehicles close APEAL gap with gas vehicles: The overall APEAL Index score for gasoline-powered vehicles is 843, tied with plug-in hybrids.\nTesla vehicles are summarized separately due to their high weight in the BEV segment.\nSatisfaction with Tesla declines: Tesla, with a score of 878, remains one of the higher performing brands in the industry.
"}}}}]}},"pageContext":{"limit":8,"skip":2696,"homeNumPages":1077,"currentPage":338}}}