Echoes Blog
Vehicle data is the new oil
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Maintenance, a key factor in maintaining residual value
Maintenance, a key factor in maintaining residual value However sophisticated they may be, today’s cars are still fragile mechanical units. Hence the need to scrupulously observe preventive and curative maintenance: failure to do so can result purely and simply in the destruction of the engine or an accident. A well-known short-term rental company had a case in point. A customer
Real-time vehicle data to help extend battery life
Real-time vehicle data to help extend battery life With an average price estimated by Bloomberg at $151 per kWh in 2022 (source), lithium-ion automotive batteries remain expensive, despite a fall of almost 80% since 2013. As a result, the battery can account for up to 50% of the total price of a new electric vehicle, and potentially more as the
The residual value of electric cars, key to sustainable leasing
The residual value of electric cars, or the key to sustainable leasing In the Automotive Industry there has been a continual increase in vehicles obtained on finance, and a growing second hand car market. For those companies such as leasing companies, banks, etc… who purchase vehicles on behalf of businesses and individuals, they require to remarket their vehicles, typically at
Driving style: preventing loss of residual value
Driving style: preventing loss of residual value using real-time data At the heart of the leasing business model, the resale value of cars must be kept as high as possible at the end of the contract to ensure a comfortable margin. To achieve this, a number of tools can be used to forecast the residual value over 3, 4 or