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WEBINAR RECORDING - A Squad of Smooth Talkers: Prioritizing Phone Calls Beyond Sales and Service

WEBINAR RECORDING - A Squad of Smooth Talkers: Prioritizing Phone Calls Beyond Sales and Service

In today's webinar, we had a great discussion with Amanda Knowlton, Director of Channel Partnerships at CallRevu. She talked …

Bumper.com Granted NMVTIS Public and Commercial Certification

Bumper.com Granted NMVTIS Public and Commercial Certification

Bumper.com is excited to announce that we have received NMVTIS certification for commercial and public customers. Bumper.com is the first company of its ki…

Automotive Email Marketing: 5 Tips To Boost ROI On Emails

Automotive Email Marketing: 5 Tips To Boost ROI On Emails

Email marketing remains a solid marketing strategy even with the rise in other digital platforms that promote businesses. It enables businesses to conn…

[Podcast] The FAQs of Career Pathing: What You Need to Know When Launching Career Paths

[Podcast] The FAQs of Career Pathing: What You Need to Know When Launching Career Paths

In this episode of the DrivingSales Dealership HCM podcast, Bart and Jason discuss some of the most common challenges faced when launching a career pathing…

The Evolved Consumer Journey – And What It Means for Dealerships’ Marketing Strategies

The Evolved Consumer Journey – And What It Means for Dealerships’ Marketing Strategies

Greta Crowley, vice president of marketing for Autotrader   The automotive consumer journey – from browsing options to purchasing a vehicl…

The Scalability of Electric Vehicles in the U.S.

Electric vehicles are nothing new.  In fact, the first mass-produced electric car was a Studebaker released in 1902.  In the past few years, electric vehicles have been gaining steam. But are they scalable?

A recent Deloitte study explored consumers’ changing automotive expectations and the evolving mobility ecosystem. Their main finding for their 2019 global automotive consumer study found that consumers in many global markets continue to move away from traditional combustion engines.

Consumer interest in EV’s has grown. In the U.S. 26% of people would prefer an EV as their next car. This interest increased from 18% in 2018.  Although interest in electric vehicles is trending up, it represents the lowest interest across all global automotive markets. For example, China represents that largest market at 65%.

Electric vehicles are starting to scale in Europe and Asia.  One of the reasons they haven’t scaled at the same pace in the US is gas prices.

In addition, the study finds that consumers are starting to slow their interest in autonomous vehicles over safety concerns and have become reluctant to pay more for connectivity. 

With shifting consumer interest into the EV market, it represents an opportunity for dealerships, and they will need to prepare to scale alongside the consumers’ interest. Demand is increasing, and Tesla has experienced a drop in consumer trust, according to AMCI’s Trust Study, due to their OEM pushing volume over customer experience.  Dealers who can scale and meet increased demand will have an advantage.

With all global markets slowly moving away from internal combustion engines and into EV’s it is clear that the U.S. is the slowest to adopt the trend. With the consumer beginning to scale into the EV market time will tell when that will be the majority of new vehicle sales in the U.S. but that time is not coming anytime soon.

 

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