How New Automation and Technologies Are Making Cars More Expensive to Own?
The automotive industr y is undergoing a significant transformation, driven by advancements in automation and various advanced safety, luxury and infotainment technologies. While these innovations offer unprecedented convenience and safety, they are also making cars more expensive to produce thus making them more expensive to own and service over long term ownership. The issue is that car manufacturers are facing a delicate balancing act: how to deliver and incorporate the advanced features customers want while keeping the vehicles competitively priced and serviceable. To achieve this, many manufacturers have resorted to cost-cutting measures in areas where customers are less likely to notice at least initially. New Automation and Technologies The True Cost of Advanced Features Modern cars are equipped with a plethora of advanced features, including autonomous driving systems, sophisticated infotainment systems, and a wide array of safety techno...