Profit-driven technology is making it easier than ever to help people buy, sell, and own a car. Investing in technology is simply a must-do. And tools that improve the process get better every day. Take a look at the top trends in automotive technology making the news. Dealerships in 2021 have a lot to look forward to.
1 – Service Technology and Trends to Watch in 2021
Xtime: Discover the trends most likely to transform the automotive industry this year. At Cox Automotive Experience this spring, experts were on hand (virtually) to introduce dealers to the multimedia capabilities, flexible payment platforms, and new process automation offerings available in 2021.
2 – Three Reasons Technology is the Competitive Advantage
Dealertrack: With 84% of dealers increasing their online sales this year, it feels like the genie is out of the bottle. Hear what Lori Wittman, VP of Digital Sales for Cox Automotive has to say about emerging trends in technology from her interview with CBT News.
3 – 2020 Was a Breakout Year for New Form Online Retailers
Cox Auto: The market research team has released the Cox Automotive Car Buyer Journey (CBJ): Pandemic Edition. Find out what shoppers want, who is providing it, and what you can do to keep up with the competition.
4 – What’s New in Dealership Software: Highlights from Cox Automotive Experience and NADA Show 2021
VinSolutions: Top experts and key speakers announced new tools and process improvements at this year’s Cox Automotive Experience. Learn how your dealership can capture better data and reach more shoppers in these sessions.
5 – Reimagining The Auto Industry’s Future: It’s Now Or Never
McKinsey: A massive plunge in profitability is predicted due to the events of 2020. Yet, innovative leaders who reimagine their operations may find opportunities amidst the crisis. With a radical shift to online retailing, dealers are seeing recovery around the corner.
