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Americans admit to ignoring their “check engine” light for an average of four months before addressing it, according to new research.<br/><br/>A new survey of 2,000 American car owners revealed that one in five (20%) even admit to putting it off between six and 18 months.<br/><br/>This may be because almost one-third (32%) will wait “as long as possible” before bringing their car in to get serviced.<br/><br/>In fact, another 39% are likely to wait for an incident or for something to break before even considering bringing their car in for service.<br/><br/>The research also revealed that 35% regret putting their car care off — resulting in unexpected repair fees (39%), emotional stress (22%) and even a roadside emergency (21%).<br/><br/>And while the average American feels that preventative car care is important (93%), almost half (48%) said they push back getting their car serviced because of financial constraints.<br/><br/>Conducted by OnePoll on behalf of Pep Boys, the data showed that when it comes to car care, Americans are prioritizing some things over others with exterior light issues (11%), window and windshield cracks (9%) and the radio or sound system (3%) ranking at the bottom of the list.<br/><br/>Americans have had their current car for an average of seven years and 93% own their car, compared to leasing it (7%).<br/><br/>Each year, the average respondent spends more than $400 on car maintenance ($438) and estimates that they’ve spent an astounding $6,272 in total servicing their current car over the years.<br/><br/>To get their car serviced, Americans are most likely to go to a dealership (31%) or a local mechanic (27%) and the majority (62%) do so every three to six months.<br/><br/>In relation to their other responsibilities, 38% of respondents said caring for their car is a “very high” priority.<br/><br/>Despite this, 21% feel like their car is going to break down any day now.<br/><br/>When asked what would cause the most stress if repairs were needed, engine trouble (66%), bad brakes (33%) and fuel system issues (31%) ranked as the top three.<br/><br/>In fact, 26% even admit that their car stresses them out more than their finances or even personal relationships (14%).<br/><br/>Despite these worries, only 32% of respondents wished they lived somewhere a car wasn’t necessary, perhaps because the majority (65%) don’t believe that life would be easier without one — an indicator of just how important they are to our lives.<br/><br/>WHAT CAR REPAIRS STRESS OUT AMERICANS THE MOST?<br/>● Engine - 66%<br/>● Brakes - 33%<br/>● Fuel system - 31%<br/>● Exhaust system - 16%<br/>● Tires - 15%<br/>● AC/heat unit - 15%<br/> <br/>Survey methodology:<br/>This random double-opt-in survey of 2,000 American car owners aged 25+ was commissioned by Pep Boys between March 29 and April 8, 2024. It was conducted by market research company OnePoll, whose team members are members of the Market Research Society and have corporate membership to the American Association for Public Opinion Research (AAPOR) and the European Society for Opinion and Marketing Research (ESOMAR).
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Mercedes-Benz will pursue a differentiated strategic approach with its vans in the future. As presented last year (2023), the company is aiming for a premium strategy for its commercial vans. In the future, a focused luxury strategy will apply to all newly developed, privately positioned vans, as is the case for all Mercedes‑Benz passenger cars. The aim is to fully implement this strategic change with the introduction of the upcoming modular and scalable Van Electric Architecture – VAN.EA for short – from 2026. The new private midsize vans EQV and V-Class are an important milestone on this path. Both are further elevated with new exterior and interior designs. There is also an increase in comfort and safety, especially thanks to more intelligent, digital networking. The models have been available to order from Mercedes‑Benz sales partners and online since January 2024. The standard equipment has been comprehensively upgraded and thereby tailored more precisely to customer requirements. The new V-Class starts at a list price of 59,470.25 euros, the new EQV from 75,281.78 euros. The new V-Class also forms the basis for the V-Class Marco Polo camper van, which is offered ex factory. It starts at 80,004.89 euros1 and adopts the model's attractiveness almost completely.
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Although South Korea’s benchmark Kospi index was one of the worst performers in Asia last year, it rebounded in 2024 fueled by investor frenzy over AI and the government’s $470 billion plan with the private sector to make the country a global chip production hub. The Kospi’s 11% rise, since we last measured fortunes 12 months ago, lifted the collective net worth of the country’s 50 richest to $115 billion from $106 billion.<br/><br/>This list was compiled using shareholding and financial information obtained from the families and individuals, stock exchanges, annual reports, analysts, government agencies and other sources. Net worths were based on stock prices and exchange rates as of the close of markets on April 2, 2024 and private companies were valued based on similar companies that are publicly traded. Real-time net worths on Forbes.com may reflect different valuations. The ranking lists both individual and family fortunes, including those shared among relatives and may differ from the World’s Billionaires List, which includes individual fortunes with net worths as of March 8. The list can also include foreign citizens with business, residential or other ties to the country, or citizens who don’t reside in the country but have significant business or other ties to the country. The editors reserve the right to amend any information or remove any listees in light of new information.<br/><br/>Read the full story on Forbes: https://www.forbes.com/lists/korea-billionaires/?sh=745f04012222<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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