Decline in vehicle maintenance opportunities as people shift from owning cars to using them
First written in FY2019. 3 of 5 entries say "Reframed", first in FY2020. Latest entry: FY2023.
No other company in this theme has enough history to compare yet.
- FY2023ReframedAnnual report
「In March 2023, the EU withdrew its policy of fully banning sales of internal-combustion-engine (ICE) vehicles from 2035, and shifted to a policy that will permit ICE-vehicle sales after 2035 subject to conditions. This has raised expectations for a new direction.」
Regarding the previous direction toward EV adoption and an end to ICE-vehicle sales, the company states that the EU withdrew its plan for a complete ban on ICE-vehicle sales after 2035 and shifted to a policy permitting sales subject to conditions. - FY2022ReframedAnnual report
「As the global shift toward carbon neutrality accelerates EV adoption, fuel sales are expected to continue declining. SS are responding by diversifying their operations, developing rental-car businesses, vehicle sales and various other non-fuel services in addition to fuel margins and car-care revenue, which are sources of earnings.」
The company views the progress of EV adoption through the framework of declining fuel sales against the backdrop of carbon neutrality and diversification by SS into non-fuel services, rather than solely through the existing CASE, MaaS and vehicle-fleet forecasts. - FY2021EV adoption outlook becomes more specificAnnual report
「The International Energy Agency (IEA) announced a target of “ending sales of new gasoline-powered vehicles by 2035” in its roadmap. The automotive industry is expected to shift from gasoline-powered vehicles to manufacturing EVs, hybrid vehicles and plug-in hybrid vehicles in line with the IEA roadmap. However, because existing and used vehicles will remain on the roads, EVs are forecast to account for approximately 15% of the total vehicle fleet in 2035. Even if EV adoption accelerates thereafter, they are estimated to account for approximately 50% of the fleet in 2050.」
In addition to the structural shift from car ownership to use and CASE, the company provides specific forecasts for the target of ending new gasoline-vehicle sales and for EVs to account for approximately 15% of the vehicle fleet in 2035 and 50% in 2050. - FY2020ReframedAnnual report
「The automotive industry is said to be undergoing a once-in-a-century transformation, with CASE (connected vehicles, autonomous driving, sharing services and electrification) and MaaS (mobility as a service) becoming established terms for the near-term future of automobiles. Users’ lifestyles are also diversifying, and society is shifting from an era of “owning” cars to one of “using” them according to purpose, through services such as ride-sharing, car-sharing and rental cars.」
The company reframes the existing structural shift from car ownership to use as part of a “once-in-a-century transformation” encompassing CASE and MaaS. - FY2019First statedAnnual report
「In recent years, users’ lifestyles have diversified, and society is shifting from an era of “owning” cars to one of “using” them according to purpose, through services such as ride-sharing, car-sharing and rental cars. As a result, opportunities for users to have their own vehicles serviced are declining.」
Against the backdrop of the spread of ride-sharing, car-sharing and rental cars, the company identifies for the first time as a structural market fact the shift from car ownership to use and the decline in maintenance opportunities for owned vehicles.