Connected Cars’ Post

🔧🚗 As automotive trends evolve, so too must dealerships! A shift is underway as we move from traditional service delivery towards mobile mechanics and dealership pickup. This customer-centric, technology-driven model is not just of the moment, it's the future of the automotive industry. Discover how adopting these innovative solutions can enhance your operational efficiency and provide remarkable convenience for your customers. 📖 Read our latest blog post https://hubs.li/Q02tc0s80

Kick off your week with a fresh set of insights from our latest Industry Insights report, including: 1️⃣ How OEM incentives have led to the lowest average new car prices we've seen in over a year 🙌 2️⃣ The comeback of the sub-$30,000 entry-level vehicle 💰 3️⃣ The two factors contributing to new inventory staying on lots twice as long 📈 4️⃣ How reductions in cost are electrifying consumer interest in EVs ⚡️ 5️⃣ Something crucial for your business that happens once every 24 seconds on Cars.com 💬 Get the scoop behind these insights and more when you check out the full report. #AutomotiveInsights #Automotive #CarDealerships #CarSales #CarsCommerce 🤓

A recent piece I authored on how auto dealerships are adjusting their longstanding business models with the EV transition and rise of direct to consumer digital services from auto OEMs.

It’s not unusual for car dealerships to park inventory in vacant lots or empty parking lots temporarily, particularly when new models arrive from factories. However, as OEMs ramp up the production of electric vehicles to meet Electric Vehicle Availability Standards, we are seeing more “channel stuffing” in the automotive sector – resulting in unsold vehicles sitting on empty parking lots. Learn how we help our automotive clients build dealer programs that drive behaviour change and results. https://lnkd.in/guCnxRyU

In the latest issue of Auto Retail Network Bulletin, we look at whether the used car market has finally returned to ‘normal’. The analysis by Philip Nothard of Cox Automotive Europe explores the evolving dynamics shaping the used car sector, providing invaluable insights for automotive professionals. As the industry adapts to new challenges and consumer preferences, understanding the "new normal" is crucial for strategic decision-making. This bulletin offers a comprehensive overview of market shifts, helping professionals navigate uncertainties and capitalize on emerging opportunities. The volatile tendencies of recent years underline the importance of closely monitoring KPIs to gauge supply and demand dynamics and their impact on used values. However traditional year-on-year and even month-on-month comparisons no longer offer the same level of guidance. Adaptability and vigilance are key to navigating the ever-changing terrain. Explore the article here: https://bit.ly/49qZbYo. 🚗📊 Is this the new normal in used car market? Let us know your thoughts. Not a subscriber? Sign up here and unlock more benefits ow.ly/GXZO50PVtHw #IndustryTrends #AutoRetail #MarketingStrategies #AutomotiveInsights #IndustryInsights #dealership #automotiveindustry #automotive #newcars #usedcars #cardealers #oldercars #IndustryNews #Marketing #UsedCarMarket

Volkswagen Financial Services Approved Used Car Programme You can finance your used Volkswagen just as you can with a new car. You know when you choose an approved used Volkswagen car, you are going to get a superior quality vehicle and a first class customer buying experience. Discover more ➡️ https://lnkd.in/eDgvsbys #youdontwanttomissthis

Volkswagen Financial Services Approved Used Car Programme You can finance your used Volkswagen just as you can with a new car. You know when you choose an approved used Volkswagen car, you are going to get a superior quality vehicle and a first class customer buying experience. Discover more ➡️ https://lnkd.in/ek7vHJjQ #youdontwanttomissthis

Auto Remarketing chats all things #JDPAutoSummit with Doug Betts, President of Global Automotive at J.D. Power. Discover his take on the panels being scheduled about vital topics like OEM challenges, the evolving electric vehicle market and more! https://hubs.la/Q02h2tpp0

The National Automobile Dealers Association's convention reveals that despite recent industry upheavals, the automotive sector remains anchored in its traditional ways. Despite predictions of significant change, disciplined production, electric vehicle (EV) adoption, and online retailing are viewed as minor evolutions. New vehicle inventories and fleet volumes are increasing, while EV sales, driven by discounts, may not revolutionize the industry as expected. Even online auto retailers are facing challenges, with most customers still preferring showroom experiences. This raises the question: Are the fundamentals of the car business more resilient to disruption than initially thought, and how will it adapt to future changes? 🤔

The used car market has been growing steadily over the last few years. Why? Firstly, economic uncertainty has been a major contributor to the growth of the used car market. Consumers are increasingly interested in purchasing vehicles that are cost-effective and reliable. As the automotive industry continues to evolve, the used car market is being populated with high-quality vehicles that boast relatively new technological features which meet or even exceed the average consumer's needs. Improved manufacturing standards also mean that second-hand cars simply last longer than before, making them a safer investment in the eyes of the customer. Finally, consumers now have much more access to information about the make and model of their desired vehicle. In the past, a customer would walk into a dealership, explain what they wanted, and have a sales representative assist them in finding the right vehicle. Now, they can do in-depth research from the comfort of their own home, reach their own conclusions, and set their efforts towards finding the best deal possible. What other factors do you think are contributing to the growth of the used car market? #automotive #sales #Logimeter