The automobile industry was born in 1898, when Robert Alison bought the first car from the Winton Motor Carriage Company. The modern automobile barely resembles the first car that was ever sold. The car industry has been undergoing a number of changes in the past few years. New technology is going to change cars even more in 2018.
The automobile industry has made a lot of progress over the last few years. By 2018, we will see a number of changes for all vehicles on the market. By 2020, growing digitalization and advancements in technology will have increased the automotive industry investments to $82 billion. The automotive industry has learned quickly that they must meet consumer demands for a digitally enhanced experience when they are researching, purchasing and operating a car.
Autokartz brings you here, some of the biggest changes that customers should be aware of for the coming years:
Autonomous driving has been the topic of conversation since Google began experimenting with its self-driving cars. We are finally beginning to see some real headway with it. The Waymo vehicle has actually had some new sensors built into it. Some experts speculate that the first self-driving car could be on the market within the next year. From GPS to sensors to cameras to connectivity and algorithms, AV will ultimately handle all situations and all conditions. The expectation is that AV will decrease automotive accidents and deaths, and give those previously constrained the freedom of travel.
Assisted-driving, another facet of autonomous driving, is becoming more mainstream every day. The goal is that this feature becomes more readily available in the less expensive models. It is anticipated that assisted-driving technology will be so effective in reducing accidents and lowering insurance costs that in the next 10 years, it will save consumers upwards of one trillion dollars and, most importantly, more than 900,00 lives. This will create major opportunities for customers throughout the world. Benefits of self-driving cars will include:
- Minimizing accidents caused by drowsiness.
- Encouraging customers to be more productive, since they can use their driving time to focus on other endeavors.
- Allowing drivers to be more social with their passengers.
The Emergence of Crossover Vehicles.
Large families have debated the benefits of driving SUVs for years. On one hand, SUVs are more spacious, which is ideal for transporting two or more children at a time. On the other hand, they are not very fuel efficient and are clumsy to operate. Fortunately, a new hybrid model has arrived. Crossover vehicles are a mix between SUVs and regular sedans. Nearly six million crossovers were sold in 2017. That number is expected to surge by next year. (Details of SUV parts sold by Autokartz.)
New Multi-Terrain Vehicles.
As generation X begin to retire, they are planning on spending more time taking trips that they couldn’t go on while they were taking care of their children. They are beginning to invest in newer, more versatile vehicles. Many of these vehicles are higher end and capable of operating on more rugged terrain. Since many baby boomers are leaving the city for road trips in other parts of the country, demand for these vehicles appears to be spiking. (Information about the multi terrain vehicle parts on autokartz)
Blockchain Can Improve Pricing Efficiency.
As we’ve seen in other industries, digital transformation trends are being used to personalize a consumer’s experience and customize to his needs. The automotive industry is no different. The car industry has been grappling with a number of challenges over the past few years. One of these challenges has been the growing number of people selling counterfeit parts. They are exploring a number of solutions, which includes using blockchain to vet them first. Removing counterfeit parts from the market should help improve transparency and lead to more efficient pricing strategies.
Sites like autokartz.com helps customers by digitizing the connected supply chain, it drives costs down, more effectively engages the consumer, and collects and uses data to better serve consumers. Recently, the industry has moved away from the national and regional production and towards a more decentralized approach for both production and the supply chain. In addition to lower costs, this has allowed for more clearness in the supply chain, accelerating design, manufacturing, and delivery. Autokartz.com has made communication possible by social media and the Internet of Things provides instant feedback that “talks” to a smart factory. Despite obvious financial barriers in constructing these smart factories, the giant improvements to production, flexibility, and performance will likely overcome this hurdle.
Digital Sources in the Car Buying Process.
Car buying used to be a source of stress, with the pervasive salesman proving true in tense back and forth negotiations. Consumers, equipped only with a newspaper ad, felt ill-informed and pressured when buying a new vehicle. Today, consumers are researching a car online before even stepping foot in a dealership. Websites like Autokartz, has all relevant buying information available in a second and at the click of a button.
What’s more is that actual showrooms are slowly being transformed into digital market places equipped with virtual reality capabilities. A great example of this is the Audi virtual showrooms in London where only a handful of actual cars are on display, dwarfed by the giant video screens displaying relevant buying information. Virtual reality capabilities allow consumers to open doors, sneak a 360-degree peek inside and out. In response to consumer-driven expectations to research and buy online, companies like Autokartz is selling cars and parts directly through website; Autokartz.com.
The contribution of companies like Autokartz has battered the sales of retailers. Although Autokartz, is a proper and conventional automotive online retailer company, it has however played its part presently as selling auto parts to different sectors of customers. The major point of this blog is to convey the point of the contribution that the major online shops like autokartz make. They do assist in increasing and boosting the sales and profits of auto parts and accessories.