Speakers at AM's Automotive Retail Congress told dealers they must change now to stay relevant through electrification, MaaS, and new finance rules
Similarly to the holiday industry, the retail banking industry has changed considerably in the last 15 years to provide lots of services available digitally to consumers at their convenience.
Changed job descriptions for dealerships’ business managers may be one outcome of the Financial Conduct Authority’s probe into motor finance, says Andrew Smith, FCA expert
Transport for West Midlands is on the brink of scaling up its experimental Mobility as a Service (MaaS) solution and has invited automotive retailers to help deliver its forward-thinking project.
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.
The Finance and Leasing Association (FLA) has revealed that the point of sale (POS) consumer car finance market fell 1% by volume in March, compared with the same month in 2018.
Jaguar Land Rover has said that there is ‘no truth’ to rumours that it was on the verge of an acquisition by French car manufacturing giant, the PSA Group.
Mike Jones, chairman of ASE, is the latest industry expert lined up to help dealer and manufacturer directors better understand the opportunities ahead at the Automotive Retail Congress.
Buying and running a car is not the set of discrete transactions it once was: drivers no longer buy a car from one place, have their vehicle serviced by another and then sell it on elsewhere.
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
A study into the opportunities franchised dealers will have with mobility services next decade reveals a future of evolving services and collaboration.
Google Maps has launched a new function which delivers real-time search results detailing electric vehicle (EV) charge point availability.
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.
German prosecutors have charged the Volkswagen Group’s ex-chief executive Martin Winterkorn over his role in the Dieselgate scandal.
Carmakers are seizing the opportunity that new mobility models and advanced technology offer but dealers are lagging behind, according to Cristiano Carlutti, expert associate partner at McKinsey.
A growing list of manufacturers and potential market disrupters have booked places at the AM Automotive Retail Congress to learn about the new and developing retail landscape.
The next decade will see fiercer competition between franchised and independent dealers for aftersales customers, warns Dr Andrew Tongue, research director with the ICDP.
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.
