European car retailers are already experimenting with Mobility as a Service (MaaS) solutions and UK retailers should be staking their own claim, according to Automotive Retail Congress speaker Giuseppe Marotta.
Many of us expected Q1 loses for Tesla last week, but I for one hadn’t anticipated such eye-wateringly bad figures. The firm lost over $700m in the first quarter of 2019, one of its worst quarterly results ever.
The seeds of a different used car market 10 years from now have already been sown including fuel type changes, new funding methods and a digitised wholesale sector, according to Philip Nothard of Cox Automotive
With Mobility as a Service (MaaS) expected to grow rapidly next decade, dealers need to start experimenting and put their stock of demos and overage vehicles to work, according to mobility start-up Tomorrow’s Journey.
Investors in the automotive retail sector next decade will be attracted to companies spending on technology, differentiation and new business models.
Progressive retailers, start-ups and ‘disrupters’ will be well placed to secure growth funds as the industry continues to change, according to Mike Allen, head of research at investment banking consultancy Zeus Capital, who will speak at the Automotive Retail Congress on May 21.
Experts from McKinsey & Co, the ICDP, Tomorrow’s Journey, Aston Business School, Barclays, Zeus Capital, White Clarke Group and Cox Automotive are set to share their views on the future of motor retailing at the Automotive Retail Congress this May.
AM is launching a new event in 2019, The Automotive Retail Congress, designed to help motor retail’s business leaders at car dealerships, manufacturers and mobility providers scope future opportunities for their organisations.