If shared mobility and autonomous vehicles take off, will people still buy cars for personal use? Given these seven findings about the changing nature of the car buyer’s experience, how should automakers and dealers approach the challenge of developing. New opportunities are on the horizon as both consumers, and the industry, look to reshape the auto market and set the stage for the future of car buying.
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For us auto retailers, three key themes are now playing out in parallel:
The next normal imagines the car buyers.
Amid ongoing challenges surrounding affordability and diminished customer loyalty, rapid digitalization and changing consumer buying behaviors are offering dealers. We distilled three key findings about the future of automotive retail and strategies that will help oems and dealers stay ahead of the disruptive changes and. Based on cox's report, we've identified six key strategies dealers can use to navigate these challenges, and position themselves for a profitable 2024. Vehicle dealers are in the midst of significant change as the actions and priorities of consumers, oems and the government are transforming the future of vehicle distribution.
How big and of what sort are what we're. As joann muller writes in axios, the global pandemic has forced car dealers to embrace the trend towards online sales that they’ve been resisting for decades. Make sure buyers know about this technology by. And because evs require fewer repairs and less servicing, dealers will also have to develop new revenue streams.
Vehicle dealers are in the midst of significant change as the actions and priorities of consumers, oems and the government are transforming the future of vehicle distribution.
To understand, we must talk about dealership inventories. Car dealerships don't fit in an automated future and studies show that they don't really fit these days, either. The rise of evs, the evolution of the franchise dealer model, and the shift toward a truly. Companies will have to begin engaging with car buyers online.
And what will car shopping look like? In a time of plenty, carmakers and car dealers—whose interests are not always aligned—are bracing for big changes. Discover the top trends shaping car dealerships in 2024, including ev adoption, digital marketing evolution, and ai's impact on the automotive industry. Dealers move into 2024 with continued concerns about high interest rates and vehicle affordability, though some are confident service, parts and collision operations will.
