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New touchpoints – digitalizing the automotive customer journey
The changes in consumer behavior and technology breakthroughs are creating a fundamental shift in the automotive customer journey. New insight from McKinsey & Co revealed that these changes are giving rise to disruptive technology-driven trends including alternative forms of mobility, autonomous driving, electrification and connectivity.
Digitalization, paired with an increasing end-customer affinity with e-commerce, has led to the emergence of new touchpoints throughout the customer lifecycle. By digitalizing their traditional business processes, OEMs and their dealer networks can engage and interact with their customers in many new ways.
As they do with most other retail experiences, consumers demand online platforms that enable product searches and comparisons, and ultimately enable them to finalize the buying decision online. Interestingly, so far the automotive industry has not adopted e-commerce to the level that other industries have achieved.
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Episode 5: Recovery from COVID 19 - Impact on Parts Sales Revenue
The automotive parts business is moving fast. An abundance of online information is changing customer expectations, and new sales channels are influencing their buying habits.
This MSX Podcast is examining the Covid 19 impact on service and the sale and distribution of Automotive Parts.
This is the first part of a series of Podcasts created by MSX in the wake of the Covid 19 crisis covering its impact on a number of facets of the automotive industry.