PR90557

KENT, United Kingdom, July 13, 2021/PRNewswire=KYODO JBN/--

-  Automotive Transformation Group is officially launched today as new entity

   for recently merged leading auto industry suppliers, Autofutura and GForces

-  With a mission to transform the automotive sales process for OEMs, dealers,

   financiers and of course, consumers, its data and technology solutions

   drive seamless, real-time transactions

-  Automotive Transformation Group has been created to revolutionise the

   automotive sales process as huge global industry rapidly shifts towards

   digitalisation

-  Industry data shows that each 1% shift to ecommerce for new car sales has a

   value of $25 billion worldwide

The Automotive Transformation Group has launched today as the new entity of the

recently merged leading automotive suppliers, Autofutura and GForces. Created

to revolutionise the entire vehicles sales process, the Group offers the

industry's first market-ready, global and scalable solution for automated

vehicle cycle management optimisation. It will enable billions of pounds in

online sales and efficiencies across the global automotive industry and

fundamentally improve the way cars are purchased.

In an industry first, by integrating the data, products, services and

technology across its portfolio, the Group will connect car maker, financiers,

dealer and consumer in the most efficient way possible. An essential component

is connecting finance data, the core thread of new and used vehicle sales.

Seamlessly integrating this will unlock the barriers to offering a complete

'omnichannel' customer experience - blending physical showrooms and the virtual

world - from first sale, through aftersales and re-sale.

The commercial gains on offer are vast. Based on the 77 million new cars sold

globally in 2020, with a value of $2.5 trillion**, a 1% shift in ecommerce

sales would equate to $25 billion in revenue. And that's without factoring in

the potential of global used car sales – the forecast for Europe in 2025 alone

is Euros 357 billion*.

The Automotive Transformation Group is also looking to help its customers to

improve their profitability. By leveraging its products and services to cut

transaction times and reduce sales process costs, the industry could generate

an additional 2.2 billion sterling pounds per year in global profitability

based on an extra 142 sterling pounds per new vehicle sale.***

The new Group already handles one transaction every 3.5 minutes ($4.25 billion

annually) and has an unrivalled experience and operational scale in the

industry. The company serves more than 20 car manufacturers in over 10,000

locations across 96 countries.

Commenting on the launch of the Automotive Transformation Group, Chairman David

Riemenschneider said: "The digitalisation of the sales process is advancing at

an unrelenting pace. The Automotive market, which is one of the largest in the

world, has lagged other sectors in terms of the speed of transition to online

sales, but that is changing rapidly. Until now, the cost and complexity of

integrating each element of an online and offline experience into a brand

consistent omnichannel one, has prevented it being delivered at scale. The

Automotive Transformation Group aims to change that. By joining up the dots we

will enable car manufacturers, financiers and retailers to unlock the huge

potential and efficiencies in today's sales process and overall value chain.

And now is the time to act."

CEO Christian Erlandson added, "Since we announced the merger between

Autofutura and GForces, we have been engaged in strategic discussions with some

of the biggest players in the industry. This demonstrates just how dynamic the

automotive industry is and how fast it is shifting towards digitalisation. We

offer something truly unique. By connecting vehicles and consumers, serving the

right offer, at the right time, to the right customer and then facilitating the

seamless transition from one vehicle to another, we are streamlining the

customer journey, right from the first transaction. We believe the companies

which we support will not just have happier, longer standing customers, they

will also be even more successful as a result of the substantial efficiencies

they have achieved."

***Car sales and forecast data (Frost & Sullivan, May 2021)

***Calculations based on Automotive Transformation Group proprietary UK retail

industry calculations and 2020 global new car sales (77 million per year)

Infographic -

https://mma.prnewswire.com/media/1572399/Automotive_Transformation_Group_Infographic.jpg

Source: Automotive Transformation Group