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Archive of posts published in the category: industry
May
12

Automotive Media Partners, LLC – Serving Auto Industry Leaders, Car Dealers and High Quality Suppliers

New feature offered as free trial to help dealers sell vehicles during COVID-19Albany, N.Y. – May 11, 2020 – Auto/Mate, a business unit of DealerSocket, has added a remote signing feature to its eDEAL™ Signature Capture digital contracting tool. The new feature is being offered to Auto/Mate’s current eDEAL customers as a free trial, helping them to overcome adverse sales conditions and close more deals while COVID-19 shelter-in-place mandates are still enforced state by state. “We’ve recognized the importance of embracing digital retailing over the past few years,” said Mike Esposito, president of Auto/Mate. “And given the present circumstances, this type of technology has now become more important than ever. We challenged our developers to quickly step up to the plate and provide a solution to a serious problem impacting dealers, and they exceeded all expectations.” When a car buyer agrees to purchase a vehicle over the phone, the dealership representative sends the F&I documents via email. The customer clicks on the link in the email to open the electronic documents and begin the signing process. Similar to how home buyers use DocuSign for real estate documents, all the customer has to do is sign once, then tap to apply their signature and/or initials where indicated. During the signing, the dealer rep can stay on the phone to guide the customer through the process. Once complete, the final documents are turned into a ZIP file and emailed to the customer. Auto/Mate’s eDEAL Signature Capture allows F&I managers to easily capture signatures, store electronically signed documents, and email digital deal jackets to customers. eDEAL Signature Capture can be used on any mobile tablet and resides in Sales & Finance, Auto/Mate’s one-stop-shop for creating and closing deals. All forms are stored as digital PDFs right in the DMS, eliminating the need for physical file storage and 3rd-party scanning solutions. For more information, visit www.automate.com/dms/variable-ops/edeal/ About DealerSocketDealerSocket is a leading provider of software for the automotive industry, offering a suite of seamlessly integrated products to help dealers sell and service vehicles more profitably while improving their customers’ experience. DealerSocket’s suite of products gives dealers of all sizes advanced Customer Relationship Management (CRM), innovative Digital Retail, Marketing and Websites, robust Vehicle Inventory Management, insightful Analytics Reporting, and solutions to streamline dealer operations such as Desking, Credit Reporting, Compliance, an independent-geared Dealer Management System (DMS), as well as Auto/Mate, a leader in DMS. DealerSocket serves more than 9,000 dealerships and 300,000 users. DealerSocket’s software has helped its customers sell more than 100 million vehicles throughout its history. For more information, visit DealerSocket.com, or follow us on Twitter, LinkedIn, and Facebook.About Auto/MateAuto/Mate Dealership Systems is a leading provider of dealership management system software to retail automotive dealerships, typically saving dealers thousands of dollars per month from their current provider. AMPS® is a user-friendly, feature-rich DMS in use by more than 1,600 auto dealers nationwide. Auto/Mate has received multiple consecutive DrivingSales Dealer Satisfaction Awards.Auto/Mate’s employees have more than 1,600 years of combined experience working in franchised
May
8

BERA: Issue 2 Automotive Industry: Global Automotive Industry

Increasing global trade has enabled the growth in world commercial distribution systems, which has also expanded global competition amongst the automobile manufacturers. Japanese automakers in particular, have instituted innovative production methods by modifying the U.S. manufacturing model, as well as adapting and utilizing technology to enhance production and increase product competition.

There are a number of trends that can be identified by examining the global automotive market, which can be divided into the following factors:4

Global Market Dynamics – The world’s largest automobile manufacturers continue to invest into production facilities in emerging markets in order to reduce production costs. These emerging markets include Latin America, China, Malaysia and other markets in Southeast Asia.

U.S. automakers, “The Big Three” (GM, Ford and Chrysler) have merged with, and in some cases established commercial strategic partnerships with other European and Japanese automobile manufacturers. Overall, there has been a trend by the world automakers to expand in overseas markets.

Industry Consolidation – Increasing global competition amongst the global manufacturers and positioning within foreign markets has divided the world’s automakers into three tiers, the first tier being GM, Ford, Toyota, Honda and Volkswagen, and the two remaining tier manufacturers attempting to consolidate or merge with other lower tier automakers to compete with the first tier companies.

1st Tier Company Mergers – Volkswagen-Lamborgini; BMW-Rolls Royce
2nd Tier Company Mergers – Chrysler-Mercedes Benz; Renault-Nissan-Fiat
3rd Tier Company Mergers – Mazda-Mitsubishi; Kia-Volvo

This section presents literature that examines three major automotive markets in North America, Europe and East Asia. This material is intended to provide a thorough examination of industry trends, structure, and the effects of global market dynamics of the automotive industry within each region, as well as their interrelationships, followed by literature researching the East Asian automotive market.

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Research on the Global Automobile Industry

The Beyond BRIC Auto Markets: A Close Look at Four Clusters: An In-Depth Look at the Challenges and Opportunities. Boston Consulting Group, October 22, 2013.
https://www.bcgperspectives.com/content/articles/…_close_look_four_clusters/ External Link

The full report is only available to subscribers but this is looking at BRIC countries – Brazil, Russia, India and China.

Fitch Solutions
https://store.fitchsolutions.com/autosExternal Link

Fitch Solutions (formerly BMI) produces industry reports by country available for purchase online.

Global Auto Report Scotia Bank, March 13, 2017.
http://www.gbm.scotiabank.com/scpt/gbm/scotiaeconomics63/GAR_2017-03-13.pdf External Link [PDF format: 287 KB/9 p.]

Brief overview of the automotive industry worldwide.

Hashmi, Aamir Rafique and Johannes Van Biesebroeck. Market Structure and Innovation [electronic resource] : a dynamic analysis of the global automobile industry. Cambridge, MA : National Bureau of Economic Research, c2010.
LC Catalog Record: 2010655999
Full text on NBER web site External Link

This is a study of the relationship between market structure and innovation in the global automobile industry from 1982 to 2004.

Hiraoka, Leslie. S. Global Alliances in the Motor Vehicle Industry. Westport, CT: Quorum Books, 2001.
LC Call Number: HD9710.A2 H57 2001
LC Catalog Record: 00037269

This study examines the origins, consequences, and trends of globalization in the motor vehicle industry, with chapters on transplants from Japan, US recovery, the DaimlerChrysler merger NAFTA,

May
6

Investing in the Industry in 2020

How to evaluate top transportation stocks

You’ll see some commonalities if you invest in transportation stocks. To assess how these companies will fare, keep the following in mind.

Fuel costs

Transportation companies use a lot of energy to get things where they need to go. They’re therefore sensitive to crude oil prices and fuel costs. Whether they use jet fuel for planes, diesel for trucks and trains, or a combination of electricity and natural gas to run updated equipment, the best transportation companies seek to be as fuel-efficient as they can be.

Debt

It’s expensive for transportation companies to buy the equipment they need. Financing purchases through long-term debt can be smart, but the best companies keep their debt levels from getting unsustainably high.

Economic strength

When the economy is strong, transportation companies tend to do well, because plenty of people and businesses want to ship things. But shipping demand can fall dramatically during tough economic times. Investors have to get used to the ups and downs of the transportation industry in response to changing conditions in the global economy.

Competition

It’s common for several companies to fight for the same group of customers. For instance, even just in the U.S., you’ll find carriers like American Airlines Group (NASDAQ:AAL), Southwest Airlines (NYSE:LUV), and JetBlue (NASDAQ:JBLU) fighting against Delta and their other peers. With airlines, comparing how full each company’s planes are and whether they’re making profits can tell you a lot about which players are strong and which are weak. Similar looks at key metrics like capacity and profitability in other parts of the transportation sector can be equally valuable in assessing whether one stock is better than another.

Source Article

May
5

Automotive Aftermarket Industry Trends – Global Report 2026

Published Date: Oct 2019  |  Report ID: GMI1166  |  Authors: Kiran Pulidindi, Hemant Pandey

Industry Trends

Automotive Aftermarket size valued at USD 923.1 billion in 2018 and will grow at a CAGR of 5.5% from 2019 to 2026.

 

U.S. Automotive Aftermarket By Sales Outlet

Get more details on this report – Request Free Sample PDF

 

Automotive aftermarket, frequently referred to as secondary market, manufactures and supplies spare parts, accessories and other components for various automobiles. Aftermarket industry provides services such as repair and maintenance for the vehicles. It is highly consumer driven and undergoing changes with evolving consumer expectations, technological advancement and changing dynamics. Shifts in competitive power in emerging economies contribute to transforming the industry landscape periodically. New technology in terms of innovative components and logistics are set to reduce gap between OEM and aftermarket offerings.

 

Surging pre-owned vehicle sales in turn help propel the repair and maintenance side of the automotive market, for improved vehicle performance. Growing middle class population in conjunction with increasing purchasing power is driving the vehicle sales and providing potential opportunities for aftermarket part manufacturers and supply chain providers. Ageing vehicle fleet, along with growing demand for replacement parts will further escalate the revenue generation in next few years.

 

Usage of sensor technology in vehicles provides optimum driving behavior that leads to less wear and tear of vehicle parts including brakes and tires. This reduces the replacement requirement that may hamper the automotive aftermarket industry growth. Ongoing R&D for new materials to decrease the deterioration wear and tear of vehicle parts that limit the product penetration. For instance, in March 2019, UBC Okanagan, University of Toronto and Sharif University of Technology developed self-lubricant brakes for cars. The carbon fiber-infused polymer-based brake are expected to provide high performance over wide range of temperatures with smaller brake pads and higher performance life.

 

Automotive Aftermarket Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: 923.1 Billion (USD)
Historical Data for: 2016 to 2018 Forecast Period: 2019 to 2026
Forecast Period 2019 to 2026 CAGR: 5.5% 2026 Value Projection: 1,430.5 Billion (USD)
Pages: 254 Tables, Charts & Figures: 278
Geographies covered (18): U.S., Canada, Germany, UK, Russia, Poland, France, China, India, South Korea, Japan, Indonesia, Thailand, Brazil, Mexico, Argentina, South Africa, Saudi Arabia
Segments covered: Product, Sales Outlet, Region
Companies covered (25): Lear Corporation, BASF SE, YAZAKI Corporation, Cooper Tire & Rubber Company, ALCO Filters Ltd, Continental AG, Bridgestone Corporation, Delphi automotive PLC, Denso Corporation, Hella KGaA Hueck & Co, 3M, Akebono Brake Corporation, Federal-Mogul Holdings LLC, Shandong Zhengnuo Group Co., Ltd, ASIMCO, ACDelco, Faurecia USA Holdings, Inc, Magnetic Marelli, Robert Bosch GmbH, Aisin Seiki, Hyundai Mobis Co., Ltd, Johnson Controls, Toyota Motor Corporation, ZF FRIEDRICHSHAFEN AG, Magna International, Inc.
Growth Drivers:
  • Growing demand for vehicle upgradation along with digitization of distribution channels
  • Increasing vehicle sales of new and preowned vehicles
  • Ageing vehicle fleet along with poor road infrastructure
Pitfalls & Challenges:
  • Adoption of vehicle safety technologies and rising electric vehicle sales

Request 15% Free

May
3

Best Auto Jobs – Auto Job Classifieds, Automobile Industry Employment, Automotive Jobs, Find an Employer or an Employee in the Car Business



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