The automotive industry is ever-changing. Advancement in technology, autonomous driving and alternative fuels, keep manufacturers moving quickly. Joe Wiesenfelder, executive editor of Cars.com and a 25-year automotive expert, knows the industry trends as well as anyone. He’s our guest on episode #117 of The Weekly Driver Podcast.
Wiesenfelder discusses with co-hosts Bruce Aldrich and James Raia the top five trends in the industry that will shape the automotive future for the next decade.
The prominent automotive website believes increasing consumer expectations, connected technology, rising loan prices, a pivotal presidential election, and an infatuation with electric and autonomous vehicles will shape the automotive future.
As such, Wiesenfelder believes the consumer marketplace will offer markedly different experiences for buyers and sellers.
The website’s editors report:
“As new competitors are entering and disrupting auto retail, car manufacturers are attempting to sell online, and car dealers are adopting new technology to change the car buying process forever.
“But due to the expensive, personal and emotional nature of the car purchase, in the next decade, most consumers will still want and need to ‘touch’ and ‘feel’ their new vehicle before collecting the keys. By tapping into advanced technology on the market that better connects the online and in-store experience, car dealers are best positioned to dominate this space.”
Wisenfelder knows of what he speaks. He oversees a digital marketplace and solutions provider for the automotive industry online since 1998. Headquartered in Chicago, Cars.com provides data, resources and digital tools needed to make informed buying decisions.
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