Auto advancements don’t grow on trees! But this week tech giants like Apple are joining the AV family, and OEMs are making everyone proud by expanding their auto services. Plus, why dealers aren’t mad, just disappointed, in the current sales climate.
FROM AUTOMOTIVE NEWS: May’s Auto Sales Drop Still Feels like a Win
May is a glint in dealers’ eyes as last month’s low-incentive, retail-focused Memorial Day Weekend is an encouraging prediction for the direction of yearly numbers – with only a .3% dip in new car and light truck sales.
FROM WARDS AUTO: OEM Strategy: Driving Profitability on Both Sides of the Ledger
OEMs are looking beyond manufacturing to offer automotive features you can’t refuse, such as subscription services, alternative in-car activities, and zero-fault production equipment.
FROM AUTO REMARKETING: NIADA Q1 Business Confidence Survey
Dealers know best: the survey outlines a number of independent dealer sentiments regarding the current state of the industry, specifically that 14% expect retail sales to continue declining.
FROM BUSINESS INSIDER: Apple May “Acqui-Hire” AV Tech Startup Drive.ai
The autonomous vehicle industry is expected to grow 39% in under a decade, and even this father of technology isn’t too big to capitalize on the movement by equipping emerging vehicles with their software and services.