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VIDEO: Changes in the Automotive Market — Three Trending Factors

Things are chang­ing in auto­mo­tive — and each mar­ket change will bring chal­lenges and opportunities.

Here are three auto­mo­tive mar­ket trends or fac­tors as seen in this video by Chuck Parker, Pub­lisher of Auto­mo­tive Digest:

Deal­er­ships: Deal­ers are again con­sid­er­ing being called “Auto­mo­tive Retail­ers” not “deal­ers as some are migrat­ing towards becom­ing Total Trans­porta­tion Man­age­ment Centers.

Auto­mo­tive Port­fo­lio Man­age­ment: Dealers,auto finance com­pa­nies, OEMs, and fleet man­age­ment com­pa­nies are now begin­ning to look their cus­tomer base like an “Invest­ment Port­fo­lio”– much like a Hedge Fund or Wall Street Stock Portfolio.

Con­sumer & Car Life Cycles: With the increas­ing influ­ence of Mil­len­ni­als & the pop­u­lar­ity of leas­ing, con­sumers are becom­ing “users” not buy­ers. This is trend­ing towards less inter­est in own­er­ship and more toward short term usage and the util­ity of a vehicle..

News You Need to Know

V2V # 2

Talking Cars That Avoid Crashes to Stem 1M Killed Annually

V2V or Vehicle to Vehicle communications that will avoid car accidents are being perfected by advancing research, development, and testing.

More than One Million people are killed by automobiles worldwide every year, including over 30,000 deaths and 5 M crashes in the U.S. alone This breakthrough technology in cars that talk to each other will avoid accidents, loss of life, and extensive vehicle damage.

V2V is said to have a greater impact on vehicle safety than autonomous or self-driving vehicles. Linking cars wirelessly will have a big effect on road safety.

Vehicle manufacturers face complex challenges from car computers processing data, hackers, and human interface issues but GM, U of Michigan and NHTSA working to solve all constraints.


Deeper Auto Loans Call For Better Dealer Security Practices

Is the current $336B Subprime auto loan boom about to implode and become like the subprime mortgage bust of the past?

Auto loan funders and securization underwriters are investing heavily. Credit standards are being relaxed. Lenders and dealers are going ever-deeper into subprime auto loans including Buy Here Pay Here lending programs

Therefore, dealers must pay attention and be vigilant. This Thought Leader Series posting from David Meyer, Executive VP of Spireon outlines how GPS Tracking is a savvy solution for dealers to adopt for better security and risk abatement practices in subprime auto lending

Managed Security Services Diagram

Are Your Dealership IT Systems Secure?

The management of your dealership is undoubtedly concerned about the possibility that your IT system being attacked and hacked from inside or outside the dealership.

Here is a Case study that shows how the alertness and due diligence by the dealership controller lead to a solution by a managed security service provider (Nespire Networks) from outside the dealership.

This listing of the impact of the solution on the this dealership may serve as a management resources for your dealership's management.

See the Five areas that contributed to the security of this Toyota dealership data and the well being of the dealership and its team.

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Industry People

Chris du ToitVice President, Product ManagementBlack Book - 12/31/1969

du Toit joins Black Book from Jacada, Inc., where he was the executive director of Product Management and led the company’s transition from on-premises systems to cloud-based SaaS products. He has worked globally in product development in England, South Africa, and Hong Kong and co-founded a successful technology company that specialized in Web and Enterprise systems architecture and implementation.

He earned a BS in Computer Science from Rhodes University in South Africa and holds a JD from Concord Law School and is admitted for practice in the State Bar of California.
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Weekly Industry News Poll

Does the dealer lawsuit against TrueCar have merit?

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