The National Highway Transportation Safety Administration just issued a much-delayed rule requiring backup cameras on all light vehicles by 2018.
For several years now, ALG has recognized the value in many of the safety features that would eventually become standard due to regulations, such as stability control and side airbags. While anti-lock brakes are not required in the US market, studies have confirmed their value, and there are very few vehicles on which they’re not standard. ALG has determined that, with ABS being a hard add feature, those vehicles that lack ABS suffer a degradation in value of over $200 after 36 months, which can decrease its residual value by up to 2 points. (more…)