GlassRatner's Marc Spizzirri was recently published in the Automotive Buy Sell Report for his article titled "Prediction of the imminent death of the dealership model is overstated". Marc discusses the impact technology has had on transportation over the years, and Stanford University economist Tony Seba's idea that technology will cause dealerships to be extinct by 2024. Spizzirri believes that dealerships will remain as long as they adapt and evolve.
See below for an excerpt from the article.
The transport revolutions of the past - railways, gas cars and air travel - have shaped our cities and driven some of the most sudden and dramatic changes in society. It's probably no wonder that transport is one of the first things we consider when we think about future technology.
In a few short years, people have gone from debating about whether electric cars will take off at all to arguing about whether and when they will be self-driving. Meanwhile, the leading edge of transport research and development has skipped ahead a mile.
Stanford University economist Tony Seba turned heads at an Asia-Pacific Economic Cooperation (APEC) conference in Wellington, New Zealand in November when he forecast no gas vehicles would be built after 2025. Dealers are well advised to take note that the technology landscape is a moving target, but not overreact to the Professor's large claims.
To read the full article, please click here.