A recent study by McKinsey and PwC shows that the automotive industry is undergoing massive change. OEMs are evolving their collaboration strategies and ways of doing business to remain competitive. New technology such as fuel economy, sensors, and systems have increased the technical content of a vehicle. The car is also a communications, entertainment, and communication platform, and the OEMs must master all of these elements to stay ahead of the competition.
As technology continues to improve and the cost of integrating new information becomes more significant, the auto industry is under intense pressure to meet consumer expectations. To compete, the industry must develop new ways to capture attention and spend on transportation. As a result, the auto industry needs to transform and focus on maximizing the value of digitalization. This article outlines the major challenges facing the industry as it tries to meet the demands of consumers.
According to a recent McKinsey survey, nearly eighty percent of automotive suppliers have already defined sustainability targets. This gap between planning and doing may be understandable from a near-term economic perspective. For example, many suppliers are keeping plants in lower-cost regions, even though that will cost them more in CO2 emissions. However, this cost advantage is largely offset by increased emissions if plants were located in higher-cost areas.
The EV transition has begun, but most OEMs are not profiting from EV sales. Compared to ICE vehicles, EVs cost around $12,000 more to produce. With higher production costs, carmakers … READ MORE ...
If you are looking for a used car in Los Angeles, then you have come to the right place. There are many options to choose from. Here are some top places to find a used car in Los Angeles. The area borders the cities of Bellflower, Lakewood, Norwalk, La Mirada, Santa Fe Springs, and Cerritos. Read on to learn more about these places and their cars. You can also find a used car dealer in Cerritos, a city in the Los Angeles-Long Beach-Anaheim Metropolitan Area.
Fercen Auto Sales
When you’re searching for a used car in Los Angeles, you may want to look no further than Fercen Auto Sales. This dealership specializes in procuring pristine quality vehicles from Southern California dealership lots through their supply agreement. They offer a variety of benefits, including 100% secure credit applications, on-site finance experts, and extensive vehicle research. This company aims to provide the best possible customer experience by ensuring that they’re providing the right vehicle at the right price.
Las Torres Auto Sales
If you’re looking for a high-quality used vehicle, then look no further than Las Torres Auto Sales, Inc. in Los Angeles. The company has been in the business for years and continues to provide quality service to clients in the greater Los Angeles area. With an extensive collection of reliable and affordable vehicles, Las Torres is sure to have just what you’re looking for.
C&P Auto Center
Looking for used car dealers in Los Angeles? Consider C&P Auto Center. This … READ MORE ...
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.
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.
The Automotive Industry is poised for rapid change, and game-changing disruption is just around the corner. However, no comprehensive perspective exists on what the future might hold. Here, eight key perspectives on what the automotive industry will look like in the next ten to fifteen years. These trends will be shaped by new technologies and consumer habits, and they are already shaping the industry today. For automotive leaders, it’s critical to understand these trends and prepare for the changes ahead.
Automotive lightweighting strategies are based on cost, performance, and sustainability. Considering these factors, these trends create … READ MORE ...
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 take the car for an inspection and remove personal items before driving away.
Allows you to list your own car for sale
There are many benefits of Autotrader. You can sell your car for a low advertisement fee ranging from $25 for basic listing to $100 for the Premier Run til it Sells option. The site will also help you sell your car by offering you expert assistance if you have questions. Its VIP Service will help you sell your car and screen phone calls from solicitors. Moreover, you won’t need to disclose any personal information.
Is a good place
… READ MORE ...
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. Communicators must work closely with their marketing and communications counterparts to create integrated campaigns that promote their brand and products.
The report uses a variety of primary and secondary sources, including financial reports, national government documents, and a statistical database. Major companies included in the report include Aptiv PLC, Continental AG, Denso Corporation, Hitachi, Ltd., Pektron, Robert Bosch GmbH, and ZF Friedrichshafen AG. There are several other companies listed in the report, including Veoneer Inc. and Transtron Inc.
US vehicle production has fallen by 27.7% since 2016
After the auto industry, manufacturing accounts for less than 12% of the U.S. … READ MORE ...