Connected Cars - The impact on the aftermarket
The autonomous, self-driving car is believed to be the best big opportunity in the automotive industry, however manufacturers have now realised the potential of the connected car of which is the driving force towards autonomous vehicles. Connected cars will transform the car owners’ driving experience, but what does this mean for the aftermarket industry?
Connected cars - more entertaining, more efficient, and safer than traditional cars.
With a connected car, you can be automatically prompted of tyre pressures, battery life, engine faults and anything that might cause a breakdown, you can even find your car if you forget where you’ve parked! This sounds ideal and is very tempting for consumers. However the aftermarket industry needs to consider how this will effect businesses in the long-term.
The Impact on Aftermarket suppliers
Aftermarket suppliers need to acknowledge that many Connected and Smart Car innovations are intended to limit car servicing and even eradicate completely, so traditional manufacturers and suppliers must continue to push the efficiency, reliability and integrate-ability of smarter car parts to help OEMs on the front end of the customer new vehicle purchase cycle. This should result in fewer faults, fewer trips to the garage and ultimately fewer opportunities for independent aftermarket suppliers to provide their replacement parts.
To remain and stay relevant in the market, many aftermarket businesses will need to develop a newfound expertise in software engineering and integration testing.
The below video shows an overview of the impact connected cars will have on the aftermarket.
Video Source: Figiera part of the IAAF
Blog Image sources: betanews