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
Direct Line has teamed up with Thatcham Research, DG Cities and the Women’s Engineering Society to deliver a view of the car workshop of the future in a bid to attract an new generation of technician talent.
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.
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