Obsolescence of conventional used vehicles driven by automotive technological innovation
First written in FY2018. 2 of 4 entries say "Mitigated", first in FY2022. Latest entry: 2026-08-07.
No other company in this theme has enough history to compare yet.
- 2026-08-07MaterialisedFinancial results presentation
「At Autopact, in addition to the impact of discount sales at the end of the Australian fiscal year, the shift to EVs driven by higher fuel prices and tax incentives caused demand for high-margin services and maintenance for owned vehicles and loan products to stagnate, contributing to lower margins.」
The slowdown in high-margin services, maintenance and loan products associated with conventional vehicles due to the shift to EVs was reflected in actual results. - FY2023MitigatedAnnual report
「Our group views these changes as new business opportunities and is pursuing business diversification. We will expand our handling of electric and hybrid vehicles, strengthen our businesses targeting end users, and expand our data services business to create new value added based on information relating to individual vehicles.」
In response to the obsolescence of conventional vehicles due to automotive technological innovation, the Company identified EVs and hybrid vehicles, its end-user business and data services as specific measures. - FY2022MitigatedAnnual report
「Accordingly, our group is treating these changes as new revenue opportunities and, as described above, is pursuing business diversification.」
The Company indicated a policy of treating business diversification as a revenue opportunity in response to the risk that conventional used vehicles will become obsolete due to autonomous driving, EVs and other technologies. - FY2018First statedAnnual report
「As automotive performance, including fuel efficiency, improves with the rapid evolution and spread of automotive IT technologies, such as autonomous driving technology, which is changing with the advancement of the Internet of Things (IoT) (*), and energy technologies, including electric vehicles, the product value of conventional used vehicles may become obsolete.」
The Company stated that the value of conventional used vehicles may decline as technologies such as IoT, autonomous driving and EVs evolve and become more widespread.