September 21, 2023
In today’s competitive automotive market, customers often enter showrooms without a specific brand in mind. Many rely on dealerships and sales reps to help them compare vehicles and make informed purchasing decisions. As a result, being able to provide useful information and a supportive service can influence sales outcomes. JATO’s Carspecs API is a solution […]
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September 13, 2023
Unlike motor shows of past years, IAA Mobility has transformed into a ‘mobility event’ – showcasing everything from cars to electric bicycles and other travel solutions. Nonetheless, many OEMs presented new models and shared their strategic plans during the exhibition. With that in mind, here’s a quick overview of announcements made by key automakers at […]
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September 13, 2023
Automotive industry experts from around the world gathered in Munich last week to attend the IAA Mobility exhibition. With themes ranging from supply chains and AI to autonomous driving, the event was underscored by Chinese OEM’s focus on EVs and competitive pricing. Here are some of the biggest takeaways from the event: Major presence from […]
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August 29, 2023
As automotive buyers increasingly embrace the digital landscape, retailers must adapt to the changing preferences of their customers. According to a YouGov survey with over 19,000 respondents, in 2022 17% of consumers purchased their vehicle online, in 2023 57% of consumers said they would consider purchasing their next vehicle online. Here are five effective ways […]
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August 4, 2023
In recent years, online automotive marketplaces and dealerships have become a more common way to buy and sell new and used cars. A 2022 EY survey of around 13,000 consumers in 18 different countries revealed that 66% of car buyers now prefer to browse online for vehicles instead of at traditional offline dealerships. With this […]
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July 28, 2023
As the global automotive finance market is expected to grow to USD 451.7 billion by 2030 1, original equipment manufacturers (OEMs) have a golden opportunity to leverage. Following extensive disruption from the pandemic, the war in Ukraine and global economic strain, OEMs have had to adapt to ensure their product and pricing benchmarks align with […]
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June 20, 2023
How consumers purchase their vehicles has vastly shifted over the last 10 years, with more and more choosing to spread the cost over monthly instalments via one of many available finance options rather than buying upfront. This change in behaviour has transformed the automotive industry in how they sell to customers. More expensive cars are […]
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May 24, 2023
The shift from ownership to usership has drastically changed the automotive landscape. Vehicle-as-a-service models have created new revenue streams for OEMs and NSCs, as well as making it easier for consumers to afford higher spec vehicles by paying in monthly instalments. With a range of finance options now available to consumers, it is also a […]
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May 16, 2023
The OEMs are focusing on switching models to electric vehicles, but is the infrastructure ready? Today’s talks discussed new opportunities, changing technology and global differences in EV uptake and public perception. Keynote: Geely Holding Group Daniel Li Donghui, CEO of Geely Holding Group, discussed the business’ partnerships and future. He said that the group ‘highly […]
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May 15, 2023
The need for agility due to rapid developments in technology and consumer expectations has been a focus at day two of the FT’s Future of the Car summit. Here’s a round-up of some key discussions: Keynote: Nissan The FT’s Peter Campbell spoke to Nissan President and CEO, Makoto Uchida, to kick things off. The talk […]
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