Global

Details

  • Industry: Automotive
  • Type: Survey report
  • Date: 1/5/2013

Changes in customer behavior: how dealers are adapting 

Changes in customer behavior: how dealers are adapting
The way we buy cars is changing, and 64 percent of auto executives predict that online and intermediary activity will increase for dealerships – a figure that rises to 83 percent in the Americas. Sixty-three percent see multi-brand dealerships taking center stage, while respondents from Asia Pacific have relatively more faith in traditional dealership models.

The dealership of the future should look very different, with a stronger online presence and a growth in multi-brand availability. Most respondents agree that dealerships are also likely to be touch points for a wider range of products such as mobility services, financial services and car servicing, particularly in the BRIC markets.


“Only 54 percent of respondents from mature TRIAD countries believe the existing dealership model is vital to future success.”

Captives remain valuable

With the recession continuing to bite, 82 percent of respondents feel finance is the most important value-added service. Financing of e-components is of less interest, but steadily increasing as automakers offer owners the chance to buy the car and lease the battery. Over seven out of 10 respondents feel that captives are an integral part of their future business. Consumer credit is a relatively new concept in China and Russia, providing a huge opportunity for branded manufacturers to expand their presence and improve profitability.

 

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