On December 15, research institute Strategy Analytics pointed out: "5G interconnection will enable automakers to retain or increase the after-sales value of cars, thereby changing the way the residual value of cars is calculated." This, in turn, affects the economics of leasing, as well as the market value of new and used cars. ”
At the same time, 5G connectivity will directly help and support the development of advanced driver assistance systems that can help cars avoid collisions while facilitating the operation of autonomous vehicles. Over time, 5G connected cars will capture sales revenue at a faster rate, accounting for an increasing share of shipments.
Once all cars are equipped with 5G, automakers will be able to save $40 billion a year in warranty costs; consumers will save $32 billion a year in lease/loan fees; and dealers will increase annual revenue at the point of sale by $24 billion, the report said. These savings outweigh the societal benefits of reducing collisions and emissions, which will also be billions of dollars worldwide. (Proofreading/New)