While keyless technology provides a number of benefits such as consumers having one less item to lose or replace and automakers leveraging the technology for fleet management, it also holds fundamental disadvantages.
With the extra selling day in 2018, consumers are expected to spend more than $41 billion on new vehicles in May, nearly $2.7 billion more than last year, according to a forecast developed jointly by J.D. Power and LMC Automotive.
According to IHS Markit forecasts, over the next three years, there will be five times as many new utility nameplates introduced to the U.S. market as new sedans.
In the U.S., political divides hint at an impending car-culture war, says market research firm Ipsos.
Not only are these technological advances driving some of the global economy’s fastest-growing industries, but they also will play important roles in the economy and labor market of the future.
The report also says worldwide revenue from sales of autonomous trucks and buses reached $84 million in 2017 and the market will continue to develop at a strong pace over the next few years.
Each year at about this time, The Herman Group issues its annual forecast. Use this foresight within your organization and in your career to proceed wisely and drive more profit to the bottom line by knowing what is coming.
The smartest companies already know and act on the fact that they are in the customer experience business. Equipped with advanced analytics, business leaders now have the insights they need to build loyalty and success.