The retail service that carmakers and their dealers provide is becoming as important to the customer as the vehicle itself. Digital technology is transforming how vehicles and aftermarket parts are supplied and sold, as a new generation of buyers demands greater choice and convenience. Looking for a more sophisticated pull mechanism in the production and Read More..
Hyundai Motor Group will invest $300 million in Indian ride-hailing platform Ola, using the country’s fast-growing market as a springboard for global new-mobility intiatives. “India is the centerpiece of Hyundai Motor Group’s strategy to gain leadership in the global mobility market,” Euisun Chung, executive vice chairman of Hyundai, said in a press release. Hyundai and Read More..
For both dealers and car makers, the aftermarket has long been characterised by short-term, transactional relationships. The prime relationship—with the vehicle owner—exists only as long as the owner owns the vehicle. Owners may replace vehicles with another from the same marque, or they may not. A subsequent owner may continue to have their vehicle at Read More..
In recent years, a number of shifts in the industry have begun to affect traditional dealership models, changing the types of relationships that exist between dealers, OEMs and customers. By Andrew Williams. As OEMs move increasingly towards selling more vehicles directly to customers, there are growing indications of significant impacts for traditional dealers. There are Read More..
PSA Group, which retreated from North America in 1992, announced three years ago that it was coming back. The first phase of a 10-year plan started late last year and the French automotive group is getting ready for the next step. PSA didn’t opt for a traditional market-entry strategy, which would involve establishing a dealer Read More..
Toyota Motor this week became the next major car brand to test a subscription service, following in the footsteps of German and American competitors that are already running such programs. The Japanese carmaker said it has formed a new company called Kinto to manage a car subscription service in the greater Tokyo area. Toyota cited Read More..
Lidl said it is getting into the car retailing business, with a fully digital lease program for Fiat 500 models together with startup company Vehiculum. The chain of discount supermarkets said it will offer the Fiat 500 in Germany at a leasing rate of 89 euros a month through its online shop starting February 4. Read More..
Cluno, a Munich-based company, has been marketing cars under a subscription model since 2017. Maximilian Ehrlich, the startup’s head of data science, talked to automotiveIT about digital business models, the use of artificial intelligence and big data, and cooperation with traditional car dealers. Mr Ehrlich, how much potential do AI and big data offer when Read More..
Volkswagen takes investment in Diconium for digital services, starts Open Source Lab, partners with Cinemo for in-car media
The Volkswagen Group has acquired 49pc of the shares in Diconium, a German digital specialist. Diconium is to become a technology partner to develop new digital business models and services offered via the Microsoft-enabled Volkswagen Automotive Cloud, building on the Volkswagen We ecosystem. Based in Stuttgart, with around 800 employees in Germany, Portugal, the USA Read More..
The We generation: Volkswagen has big plans for its digital app ecosystem including retail tie-ups and Function as a Service (FaaS) in near future
Volkswagen has been steadily building up the capabilities of its digital We platform. The company was at the WebSummit 2018 expo in Lisbon, Portugal, to increase the number of partners and developers contributing to its growing portfolio of digital services. Paul Fisher met Christoph Hohmann, head of customer experience and communication at Volkswagen We, to discuss how Read More..