All Posts in "Automotive Manufacturers"

Automotive Industry Trends 2030

The automotive industry is experiencing a radical transformation from a world of competition among peers to a collaborative and open ecosystem. This shift requires OEMs to align their skills to the challenges of the future, including cybersecurity, data privacy, and continuous product updates. To be successful in this new world, they must differentiate their products, reinvent their value proposition, and move beyond traditional car sales and maintenance.

McKinsey’s Senior Expert in Cologne, Timo Moller, explores these trends.

Manufacturing revolution

The fourth industrial revolution is expected to begin in the automotive industry, which is already at the forefront of new technologies. Historically, the industry has pioneered new manufacturing techniques, mass production and lean production. It is one of the largest industries, and contains around 40% of the world’s operational robots. It also employs a high proportion of unskilled workers. Advances in manufacturing technology have streamlined many processes and lowered labor costs.… READ MORE ...

Jessie Guy by — May 26, 2022 in Car Industry
Advantages and Disadvantages of Autotrader

Autotrader.com is a car-shopping website that aggregates new, used, and certified second-hand cars. In addition to listing vehicles for sale, the site features automotive reviews and shopping advice. Users can also compare car financing options, find insurance information, and more. The site also allows users to list their own cars. The site is not affiliated with any dealership. There are several advantages and disadvantages of using Autotrader.

Offers instant cash offer

The Instant Cash Offer is based on comparable vehicle sales in your area. The comparable data may include dealer sales, auction prices, and private seller prices from local advertisements. It is valid for one day from the time you redeem it, but you may have to wait longer if the condition or mileage has changed. Autotrader is a well-known brand, so you can trust that the price you receive is fair. To redeem your Instant Cash Offer, you must … READ MORE ...

Jessie Guy by — May 6, 2022 in Dealers
Automotive Industry Statistics – Global Trends

Automotive industry statistics show that the largest market is Asia Pacific. The US has lost ground since 2016 with vehicle production declining by 27.7%. Carbon fiber is a labor-intensive material. Sales of private vehicles are set to decrease, as shared mobility services expand. But how much will this change? The following facts will provide some perspective. Let’s look at some of the key trends. And what are the implications for the industry? We’ll look at trends in the US, Europe, and Asia.

Asia Pacific is the largest automotive market

With its massive population and thriving economies, Asia Pacific is a top destination for automotive manufacturers. The region is home to some of the world’s most valuable vehicle manufacturers, including Toyota, Honda, and Hyundai. Sales of passenger vehicles in the region generate enormous revenue for the automotive industry. Many automakers are investing heavily in research and development and market-specific media insights. … READ MORE ...

Jessie Guy by — March 30, 2022 in Car Industry
The Advantages and Disadvantages of Car Dealerships

A car dealership is a type of business that sells new and used cars at the retail level. These dealerships typically have a dealership contract with an automaker or a sales subsidiary to provide vehicles for sale. Some car dealerships offer Certified Pre-Owned vehicles in addition to new cars. Salespeople are employed by car dealerships to sell the vehicles. Read on to learn more about car dealerships. Here are the benefits and disadvantages of this type of business.

Overview of car dealerships

An overview of car dealerships provides a basic understanding of the business. Most of these businesses are located in a single building, with several components, including the showroom, office space for sales and administrative functions, and a service area for automobiles. Sites are typically large relative to the improvements made. This allows for ample room for car displays and other related activities. An understanding of the automotive industry … READ MORE ...

Jessie Guy by — March 12, 2022 in Dealers
Automotive Industry Trends 2022

As the automotive industry has suffered from supply chain challenges and low inventories in the last year, there is still hope for better times to come. But what exactly are the major trends to watch for in the year 2022? Wallenius Wilhelmsen’s senior analyst, Erik Solum, looks at some of the key factors that will impact the industry. Light vehicle sales are up, the global economy is improving, and the Delta variant poses a threat to the global economy and pandemic. At the same time, new entrants will appear in the Top 100.

Autonomous self-driving vehicles

While passenger cars have long dominated the automotive market, self-driving technology is equally well-suited for commercial use. While last-mile deliveries and long-range trucking will be the initial commercial applications, an increasing number of companies will shift their focus to more widespread commercial uses. Companies like Waymo Via and Aurora are currently in the development … READ MORE ...

Jessie Guy by — February 4, 2022 in Car Industry