The Automotive industry grew by 21% in the late 2000s. By 2015, Automotive already became a $1,650 Billion Industry. According to a recent survey, millennial live in households with 1.5 cars on average!
The auto industry owes a big part of this development to the internet. Following, we are going to share some trends that will shape the upcoming few years.
1. Searching For Parts is Easier Than Ever
Automobiles requires regular maintenance. It often requires part replacement. In most cases, stores offer parts that are easy to sell. This suggests that parts that are rare need special order. This is where the internet comes in. The net makes it easy for people to find parts they can’t find at the store. The competition in the online market also gives a price relieve.
This ability makes it easy for you to keep your car in good condition.
2. Checking Price
Smart Shoppers understand they should make a point of comparing prices before they finalise a purchase. This was done by going to several dealerships and taking thorough notes. It tools a great deal of time and effort.
Yes, this is still an option, but the online shopper does their research and compares price among different dealers. It saves their time and money as they can compare several options at once.
3. Long Distance Order
Dealers have limited Inventory. It’s a problem that e-commerce resolved. Pepe had limited options in the past, but the internet offers a ton of resources. You can either pick your deliver on your own or have it shipped to you. This makes sure your needs are met without costing you a lot of time or money.
4. Easy to Compare
Shoppers want to make an informed decision today. They understand they have numerous options available. Therefore, they want the most bang for their buck. Apart from technical specs, most products have customer reviews and testimonials. These sources will make it easy for you to narrow down your options and find the right vehicle, especially if a shopper wants to put some time and effort into their investigation.
5. Fast Order Process
Auto parts inquire consist of a wide variety of products. The complexity of these products makes a mistake inevitable. Thanks to the introduction of Point of sale app, you can track and manage your inventory, accent and process payments.
If you built your shop on a customer-oriented platform like Shopify, you would learn it offers an in-built solution that even lets you email and text your clients their receipts and process refunds. While you cannot offer spare parts on this platform, you can sell DIY car decorations and accessories. People will love them.
6. Expansion of Used Market
It’s easy to find used products over the internet as compared to other methods. People with old cars use specialised sites as they used classified ads. However, customers are looking for cost-effective solutions. Email makes it easy to get in touch with the seller to make a deal. Digital snaps also save some money while helping you to get a good impression of the vehicle before even seeing it in person.
7. Specialised Products
The business survives when they have some customers buying from them. It was hard for specialised business to stay afloat in the past. But the internet has made it easy for a business to access a wider audience. This helps them to sell specialised products and make a profit.
8. Convenient Referrals
Skilled and specialised professionals use the internet to show their work and find new customers. Reviews and testimonials are hard to turn into your favour. But once you do it right, it will make a new funnel for new customers.