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Top Automotive Trends In 2019: A Year Of Wows And Woes

Published: 11 Feb 2019

By Sarwant Singh, Senior Partner, Head of Mobility & Visionary Innovation Group

It’s time for our annual exercise in trendspotting.

Last year we anticipated that global vehicle sales would be challenged and that was just what happened, with global passenger vehicle sales limping to a marginal increase of just over 400,000 units in 2018. We had all our chips on the unstoppable rise of mobility services and, by year end, the top 5 ride-hailing companies were estimated to be worth over $230 billion, with Uber, Lyft, and DiDi all filing for IPOs last year, and Grab and Go-Jek yet to file. We also predicted that value added services in automotive retail would be huge. So, on the one hand, software technology companies made further inroads into the automotive industry through services like usage-based insurance, new finance and leasing services, and connected car services while, on the other, automotive companies kept their customers engaged and satisfied through expanded and enhanced after sales services and solutions.

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