Japan, which has a population of 128 million, is known as the country with the largest percentage of elderly people in the world, with one third of its citizens over the age of 65. Car accidents involving people aged 75 and over have climbed to new records over the past two years to 401 fatal accidents, which represent 14.4% of the total number of fatal car accidents in the country. Through an artificial intelligence (AI) based alternative, Sompo and Via are supporting a Japanese government initiative to reduce the number of accidents while providing incentives for the elderly to give up their driving license. In the Aichi Prefecture, for example, discounts are being offered for hundreds of restaurants in exchange for relinquishing the license.
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CarGurus Study Uncovers How Pandemic Impacted Automotive Industry in 2020
Interest in Digital Retail is Up, While Public Transit and Ride Sharing are Down
Cambridge, MA – December 4, 2020 - CarGurus (Nasdaq: CARG), a leading global online automotive marketplace, today released its CarGurus COVID-19 Sentiment Study: How the Pandemic Impacted Automotive Sentiment in 2020 that examines how auto shoppers have responded to the COVID-19 pandemic. The November research benchmarks and compares the previous CarGurus studies that were run in both April and June, and explores topics such as vehicle inventory, affordability, digital retail and ride-sharing/public transit. When compared to our previous research, the latest CarGurus COVID-19 Sentiment Study paints a consistent picture that points to a silver lining for the auto industry amid the pandemic, said Madison Gross, Director of Consumer Insights at CarGurus. Over the course of the year, we have seen car shoppers delay but not c