Automotive Trend Forum 2019

Electrified– the transition to emissions-free mobility will become a global requirement. Electricity used to charge vehicles will increasingly come from renewable sources to ensure carbon dioxide-neutral mobility. Deloitte LLP is the United Kingdom affiliate of Deloitte NSE LLP, a member firm of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”). DTTL and each of its member firms are legally separate and independent entities. Please seeAbout Deloitte to learn more about our global network of member firms.

Although the car aftermarket industry has long been benefiting from B2C e-commerce, intermittent digital adoption has been observed in other areas of auto e-commerce. One study showed that automakers expect digital investments to rise by 24 percent in the coming years. However, due to low digital sophistication and the pace at which these changes are implemented in the industry, problems remain. Modern intelligent cars gather information on traffic patterns, drivers, their regular locations, and more.

Four factors driving growth

Demands for remote monitoring and control, as well as reporting, have increased. Fortunately for automakers, the pandemic has subsided, resulting in an increase in income for the manufacturers, since a greater number of individuals are driving rather than flying. Within the next two to five years, the automobile sector will see the creation of a distinct digital, connected supply chain. It is essential for all stakeholders in the industry to digitally manage the business by creating an intelligent and digital supply chain. Unprecedented times that present all manner of anxieties – and opportunities. Autonomous- The development of vehicles which require no human intervention will reduce the use of public mobility platforms and offer individual mobility to new user groups.

  • Forward looking companies may need to adopt new strategies when contracting with components makers or parties providing new technologies, and adopt innovative legal strategies to minimise the impact of the changed landscape.
  • These include Ford’s pay-as-you-go service GoDrive , and cars on demand club, Zipcar, plus several other schemes worldwide which are bound to reach the UK soon.
  • It was important to us to partner with a contract hire and fleet management specialist with the same values as ours, and we were immediately impressed with Grosvenor’s dedication to reducing emissions and supporting the green agenda.
  • Most modern cars feature autonomous systems like Autonomous Emergency Braking .

But times of turmoil often supercharge innovation, and innovation remains the lifeblood of mobility. From EVs to insurance, we detail the latest key trends impacting the auto industry. The Deloitte 2018 UK Automotive Consumer study finds that people are slowly accepting autonomous technology, with consumers in the UK less concerned about safety – a trend that is consistent around the world. PWC expects autonomous driving to account for 40 per cent of overall traffic within the next 12 years. In the United Kingdom, lockdown measures took consumers out of the automotive retail market for an extended period of time. Even as restrictions are eased, financial concerns may shape how people re-engage with the sector, and to what extent.

Nature of business SIC

Purchasing a new car frequently did not receive information and felt most stressed. Buyers can however check online before visiting a dealer thanks to new digital technology. In 2022, we see a revolution in the world, and clients of all kinds are more likely to go online. Sellers of all sorts, whether offline, B2C, or B2B, can try to enhance the digital katespadebags.org experience and interact with clients on social media or the app. Mercedes-Benz teamed with the start-up Circular to measure emissions of climate-relevant pollutants and the quantity of secondary material used in the supply chain of battery cell manufacturers. Gadgetry has come a long way since the first sat nav was introduced in 2003 by Toyota.

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