Things are changing in automotive -- and each market change will bring challenges and opportunities.
Here are three automotive market trends or factors as seen in this video by Chuck Parker, Publisher of Automotive Digest:
Dealerships: Dealers are again considering being called "Automotive Retailers" not "dealers as some are migrating towards becoming Total Transportation Management Centers.
Automotive Portfolio Management: Dealers,auto finance companies, OEMs, and fleet management companies are now beginning to look their customer base like an "Investment Portfolio"-- much like a Hedge Fund or Wall Street Stock Portfolio.
Consumer & Car Life Cycles: With the increasing influence of Millennials & the popularity of leasing, consumers are becoming "users" not buyers. This is trending towards less interest in ownership and more toward short term usage and the utility of a vehicle..
The Article VIDEO: Changes in the Automotive Market Three Trending Factors appeared first on Automotive Digest.