The end of the month is near, but that hasn’t stopped industry advancements! Fiat Chrysler and Renault are strategizing for the future, while other OEMs are facing the modern challenges of data tracking. Plus, units 5 years and younger are making their way to auction in full force.
FROM FORBES: Piled-Up Inventory Prompts the U.S. Auto Industry to Cautiously Amp up Discounts
In an effort to boost inventory sales, automakers have averaged $3.7K per unit on this month’s incentive spending, signifying the first year-over-year raise on incentives in the last 10 months.
FROM CNN: Fiat Chrysler Proposes Renault Merger in Auto Industry Shake-Up
The possible partnership would be the newest example of innovation collaboration – pooling both automakers’ electric and self-driving vehicle efforts while simultaneously forming the third largest OEM in the world.
FROM AUTO REMARKETING: 3% Auction Volume Gain Expected for Vehicles 5 Years Old or Newer
Off-lease vehicles are fueling a peak increase in auction volume for units under 5 years old, with compact SUV models showing the most year-to-date growth at a 30.2% increase.
FROM TECHCRUNCH: Automakers Have a Choice: Become Data Companies or Become Irrelevant
It is estimated that Americans will soon generate 1.8 TB of data in their vehicles each year, challenging automakers to implement the proper technology to harness these post-purchase insights.