Automotive Transformation Group Created to Revolutionise Vehicle Sales Enabling Billions in Online Sales as Industry Rapidly Digitises
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
本プレスリリースは発表元が入力した原稿をそのまま掲載しております。また、プレスリリースへのお問い合わせは発表元に直接お願いいたします。
このプレスリリースには、報道機関向けの情報があります。
プレス会員登録を行うと、広報担当者の連絡先や、イベント・記者会見の情報など、報道機関だけに公開する情報が閲覧できるようになります。