We’ve heard of smart cars. Many also heard through the grapevine a little something called green — as in EV or even hydrogen fuel cell powered cars. But we’re willing to bet not many have even heard of the biggest money maker in the auto industry — and, honestly, a tremendously convenient benefit to car buyers out there —
The Biggest Money Maker We’re Thinking of Is the Idea of ‘Connectivity’
As in connected cars. Utilizing the technology already saturating our daily lives. Living in the cloud, and Internet-connected capacity. Imagine, if you will, dealers and manufacturers being able to connect specifically with the individual car (and, therefore, the individual car owner).
It’s a goldmine. One where automakers can literally monetize the data collected from those connected cars in real time. The strategy these auto brands will implement when it comes to connected cars is this: internet connectivity and apps WITHOUT working with Apple or Google. This not only saves revenue, but actually increases it through retention of service customers throughout dealership networks.
More and more car drivers will get their vehicles maintained within the manufacturer/dealer network versus other third-party shops. What does this mean? More profits for the automakers and car dealers. More convenience for the car buyers and owners.
There Are, of Course, Three Top Auto Brands Taking Advantage of This Connected Cars Goldmine
- Nissan — Want to know what this automaker’s going to be doing? Check it out right here.
- Volkswagen — This strategy alone just might get the German automaker out of the hot water it’s been in for awhile now.
- Toyota — And, yes, this automaker will be getting into that business as well. Here’s what they’re going to be doing.
You can expect other automakers following the auto trend very soon, possibly. Why?
Connected Cars Will Make All the Difference as Far as Revenue and Profit
And without a doubt, the car buyer benefits. Want to know more about cars and loans? SUBSCRIBE RIGHT HERE and get connected!