Thu, Oct 17, 2019
Having a Car is a Necessity
Globally, 61% strongly agree and 24% somewhat agree, meaning 85% of respondents believe a car is a necessity on some level. The top reasons why cars are (and are not) a necessity are provided in the image below.
In Asia, convenience scored significantly higher than all other reasons, especially in China (other than Hong Kong), Japan and Singapore. Although this is somewhat surprising given bad traffic and high-quality public transportation options in the region, marketing executives in the automotive industry may want to consider stressing convenience in their Asian market advertising campaigns.
For the small number of respondents who do not see a car as a necessity, their reasoning varied–availability of other transportation options was the most frequent reason given in Brazil, Hong Kong and India. Respondents in France and Italy said having a car was bad for the environment. Respondents in China (other than Hong Kong) said other transportation options were more convenient and bad for the environment equally but didn’t say cars were too expensive.
Having My Own Car is a Necessity
Corporate Finance and Restructuring
M&A advisory, restructuring and insolvency, debt advisory, strategic alternatives, transaction diligence and independent financial opinions.
Mergers and Acquisitions (M&A) Advisory
Kroll’s investment banking practice has extensive experience in M&A deal strategy and structuring, capital raising, transaction advisory services and financial sponsor coverage.
Transaction Advisory Services
Kroll’s Transaction Advisory Services platform offers corporate and financial investors with deep accounting and technical expertise, commercial knowledge, industry insight and seamless analytical services throughout the deal continuum.
Financial Sponsors Group
Dedicated coverage and access to M&A deal-flow for financial sponsors.
Private Capital Markets – Debt Advisory
Kroll has extensive experience raising capital for middle-market companies to support a wide range of transactions.
Fairness and Solvency Opinions
Our Opinions Practice is a global leader in Fairness Opinions and Special Committee Advisory, ranking #1 for total number of fairness opinions Globally, in EMEA and the U.S. for 2024 according to LSEG (FKA Refinitiv).
Industrials Investment Banking
Industrials expertise for middle-market M&A transactions.
Technology Investment Banking
Technology expertise for middle-market M&A transactions.
Valuation Advisory Services
Our valuation experts provide valuation services for financial reporting, tax, investment and risk management purposes.
Investigations and Disputes
World-wide expert services and tech-enabled advisory through all stages of diligence, forensic investigation, litigation, disputes and testimony.
