The global car leasing market is valued at $594.6 Billion (as of 2023). With such a big market, there are a plethora of challenges that come with it. In this blog, we discuss some of the biggest challenges in the car leasing industry and solutions on how AI can help overcome some of these challenges. 1. Changing consumer preferences We are currently at a stage where the consumer mindset is evolving, due to which new-car shoppers don’t prefer leasing cars anymore. With the rise of car subscription services, which allow you to drive a car at a convenient monthly fee,…
