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Tip of the Month
How will subscription-use cars, electric vehicle (EV) pods, autonomous vehicles and ride-share units affect dealerships in the future?
Situation Report

McKinsey & Company says in “Automotive Revolution — Perspective Towards 2030”:

· Despite a shift towards shared mobility, vehicle unit sales will continue to grow, but the annual growth rate is expected to drop from the 3.6 percent of the last five years to around 2 percent annually by 2030.

· This drop will be driven mainly by macroeconomic factors and the rise of new mobility services such as car sharing and e-hailing (Uber, Lyft and others).

· Changes in mobility behavior will lead to one out of 10 cars sold in 2030 potentially being shared vehicles and fit-for-purpose mobility solutions.

Cox Automotive projects 39.5 million in used-car retail sales for 2018. Each of these vehicles will require reconditioning. NADA forecasts 2018 new-car sales of 16.7 million. Given these figures, dealers will be selling, servicing and reconditioning traditional vehicles for years yet to come — and ride-share, subscription and other modalities will need to be serviced and detailed before they can be sold again through dealerships.

All this is to say that while the industry wrestles with new delivery systems — how to further improve … READ MORE
Rapid Recon | 850 El Camino Real Suite 13A-420 | Palo Alto, CA 94301 | (650) 209-4596