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6 min read
Telematics Take the Headache – and Cost – Out of Your Loaner Fleet
01/23/2020
A loaner fleet can involve significant costs – and a lot of moving parts. It’s not easy to track and recoup expenses associated with their loaner vehicles, keep tabs on mileage or servicing, or just stay up to speed on what is going on with the fleet at any given moment. That’s where telematics can make all the difference. A fleet manager’s best friend, telematics help…
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Mobility
vehicle subscription
loaner fleet
telematics
Operations
4 min read
In a World Where Fewer People Own Cars, Where Do Dealerships Fit In?
10/09/2019
If you’re looking for a front-row seat to an unfolding disruption, keep your eye on the automotive industry. Right now it feels a bit like the wild west with so many mobility options and providers entering the market, and it remains to be seen how the landscape will settle. But one thing is for sure: the evolution is underway. It’s predicted that, in the near future,…
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Mobility
vehicle subscription
Sales
6 min read
Is Car Subscription the Way of the Future?
09/20/2019
Emerging trends in mobility, such as the rise of ride-hailing, car sharing, and subscription services, are changing the way people use, value, and relate to personal vehicles. These new mobility services are contributing to a growing change in transportation preferences as consumers are shifting away from vehicle ownership and towards “vehicle usership.” But while pretty much everybody already understands ride-hailing and car-sharing (think: Uber, Lyft and Zipcar), vehicle…
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Mobility
vehicle subscription
Sales
15 min read
Ready or Not, Mobility Is Transforming the Automotive Industry
07/29/2019
EMBRACING THE CHANGE: If You Don’t, Someone Else Will History has proven if a better system comes along and it’s viable, people will use it. It’s entirely plausible that taxicab companies considered that there could be a better way to dispatch their vehicles. But their missed opportunity opened the door for a third-party – Silicon Valley-funded Uber – who revolutionized the ride-hailing industry away from taxicab…
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Mobility
vehicle subscription
Operations
Sales
5 min read
Consumer Attitudes Toward Car Ownership Are Changing
05/28/2019
Take a snapshot of the road today – before you know it, it will look completely different. Today the traditional model of mobility (that is, individual car ownership, taxis and public transportation) reigns supreme. Most miles driven today are by owner-operated vehicles, and nearly everyone (83%) is using a personally owned vehicle on a weekly basis.1 But alternative transportation options are starting to chip away at…
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Mobility
vehicle subscription
Operations
Sales
15 read
10 Key Market Trends – 2019 Spring Update
05/23/2019
Jonathan Smoke, Chief Economist at Cox Automotive, provides an update on the Key Trends that, earlier in the year, were predicted to have the greatest impact on the automotive industry in 2019. VIDEO HIGHLIGHTS The Economy – Economic growth has been revised slightly downward from 2.6% to 2.4% GDP due to a softer than expected year-end 2018, plus a slow start in first quarter 2019. Despite the decelerating…
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Fixed Ops
Research
Mobility
credit
interest rates
New Car
Used Car
Market Insights
Economy & Trends
7 min read
Shift from Ownership to Access Is Shaping the Future of Automotive
02/05/2019
Awareness and usage of ride-hailing, car-sharing, and vehicle subscription services are growing, with nearly 4 in 10 consumers agreeing that transportation is necessary, but owning a vehicle is not. Collectively termed “mobility,” these disruptions to automotive retail are predicted to have a significant impact on consumer vehicle sales over the next five years.1 Dealers and OEMs must prepare for this change. Consumers increasingly feel that owning a vehicle…
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Mobility
vehicle subscription
Operations
Sales
7 min read
Top Insights Shaping the Automotive Industry in 2019
01/24/2019
Jonathan Smoke, Chief Economist at Cox Automotive discusses the economic outlook for the automotive industry into 2019. Isabelle Helms, Vice President of Research & Market Intelligence, shares findings from the Cox Automotive Service Industry study to help dealers understand how to take advantage of these trends and differentiate themselves in the marketplace. Benefit of Strong Economic Tailwinds from 2018 – 2018 saw a robust economy…
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Fixed Ops
Research
Mobility
credit
interest rates
New Car
Used Car
Market Insights
Economy & Trends
5 min read
New Survey of U.S. Auto Dealers Predicts New Forms of Mobility to Drive Declines in Personal Vehicle Ownership, Number of Dealerships
10/22/2018
ATLANTA, Oct. 22, 2018 – Auto dealers and consumers are more closely aligned on the future of mobility than many industry experts might imagine with both expecting significant reductions in personal vehicle ownership. In fact, dealers are predicting an even sharper decline in ownership than consumers1 in the next five years (28 percent versus 18 percent). However, while most of the dealers surveyed recognize this eventual…
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Mobility
Evolution of Mobility
Press Releases
5 min read
Mobility Services Becoming More Popular as Alternatives to Vehicle Ownership, According to Cox Automotive Study
08/23/2018
ATLANTA, August 23, 2018 – The automotive industry’s predictions on the future of traditional vehicle ownership remain a topic of debate and at times a guessing game. Ultimately, awareness, availability and acceptance of on-demand transportation options, such as car-sharing, ride-hailing and subscription services, will likely be the deciding factor. The uptake of vehicle ownership alternatives is transforming the way consumers view mobility according to the 2018…
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Mobility
autonomous
Mobility Solutions Group
Press Releases
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