This week, read why most automakers don’t see online-only sales models as the next pot of gold, and why March sales numbers could still use a bit of luck – both domestic and abroad.
FROM AUTOMOTIVE NEWS: Days’ Supply Highest to Start March Since 2009
Although this month started with more than 4.1 million unsold vehicles, the four-leaf clover in the patch is that both the percentage of cars (28%) and overall day supply (78) are better than what February started with.
FROM FORBES: Automakers Unlikely to Follow Tesla’s Online-Only Direct Model
Most automakers are happy with the sales at the end of their rainbow and aren’t looking to split from their physical storefronts, commit to fixed prices, or compete with other retailers by switching to online-only sales models.
FROM MARKETWATCH: The Perfect Storm Engulfing the World’s Top Car Manufacturers
European car production decreased by 1.7% in 2018 and continues to slip due to higher borrowing costs – causing OEMs like BMW, Porsche, and VW to regroup their international strategies to avoid continued strings of bad luck.
FROM WARDS AUTO: Future Mobility Requires Equal Doses Speed, Patience
Experts believe that in order for automotive advancements to strike gold, there needs to be a working balance between established OEMs and the fast-paced technology startups they employ to ensure new products are both effective and accepted in the mainstream.
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