In the ever-evolving ecosystem of automotive marketing, it’s hard to find stability amongst the chaos – and only the fittest will survive. This week, we’ve rounded up the latest in automotive and artificial intelligence news so dealers can stay ahead of the game.
We also pulled the data on VDP view distribution per VIN for both New and Used/CPO vehicles for the third consecutive month – and we’re beginning to sense some stability in the results.
Check out the full VDP View Distribution Per VIN (July 2018) report here, and let us know what you think in the comments below.
FROM BUSINESS INSIDER: These Are the 20 Best-Selling Sedans in America in 2018
Making up 25% of a market expected to sell 17 million vehicles this year, the evolution of consumer preference means only the fittest sedans will survive. Reports show Nissan’s Sentra as the current leader in YoY sales growth, with the Honda Civic coming in as a close second.
FROM THE NEW YORK TIMES: As Cars Collect More Data, Companies Try to Move It All Faster
Demand for real-time data processing and instant communication of road conditions, weather, and traffic has automakers on the hunt for software companies capable of enhancing their brand’s AI capabilities – and they won’t stop until they find the cream of the crop.
FROM SENSORS ONLINE: Automotive AI Software & Hardware Market Set To Soar
When it rains, it pours. The automotive AI market is expected to grow from it’s current $2 billion to $26.5 billion by 2025. Implementations such as software, hardware, and automated services are all factors that contribute to the market’s impressive predicted annual growth rate of 46.9%.
FROM WARDSAUTO: Car Dealership Numbers Up Ever So Slightly in U.S.
In the ever-evolving auto industry, the dealership network manages to maintain its stability amongst the chaos. As of July 1st, there were 18,252 dealership rooftops, a 0.2% increase from January – with the most significant net dealership increases occurring in FL, TC, NY, and OH.