Car News

Future Mobility: Cox Automotive Survey Finds Car Dealers Welcome Mobility Advances

RELATED INVENTORY
Saving this vehicle to yourMy Autotrader account
Are you sure you want to delete?
New 2018 Toyota Camry XLE
New 2018 Toyota Camry
MSRP $34,158
Saving this vehicle to yourMy Autotrader account
Are you sure you want to delete?
New 2018 Toyota Camry XSE V6
New 2018 Toyota Camry
MSRP $39,846
Saving this vehicle to yourMy Autotrader account
Are you sure you want to delete?
New 2018 Toyota Camry LE
New 2018 Toyota Camry
MSRP $26,374
Saving this vehicle to yourMy Autotrader account
Are you sure you want to delete?
Used 2018 Toyota Camry LE
Used 2018 Toyota Camry
$19,350
RELATED READING
See all Toyota Camry articles
RESEARCH BY MAKE
Ford cars, trucks and SUVs Honda cars, trucks and SUVs Chevrolet cars, trucks and SUVs Jeep cars, trucks and SUVs BMW cars, trucks and SUVs Nissan cars, trucks and SUVs Mercedes-Benz cars, trucks and SUVs Volkswagen cars, trucks and SUVs Toyota cars, trucks and SUVs
Acura cars, trucks and SUVs Alfa Romeo cars, trucks and SUVs AMC cars, trucks and SUVs Aston Martin cars, trucks and SUVs Audi cars, trucks and SUVs Bentley cars, trucks and SUVs BMW cars, trucks and SUVs Bugatti cars, trucks and SUVs Buick cars, trucks and SUVs Cadillac cars, trucks and SUVs Chevrolet cars, trucks and SUVs Chrysler cars, trucks and SUVs Daewoo cars, trucks and SUVs Datsun cars, trucks and SUVs DeLorean cars, trucks and SUVs Dodge cars, trucks and SUVs Eagle cars, trucks and SUVs Ferrari cars, trucks and SUVs FIAT cars, trucks and SUVs Fisker cars, trucks and SUVs Ford cars, trucks and SUVs Freightliner cars, trucks and SUVs Genesis cars, trucks and SUVs Geo cars, trucks and SUVs GMC cars, trucks and SUVs Honda cars, trucks and SUVs HUMMER cars, trucks and SUVs Hyundai cars, trucks and SUVs INFINITI cars, trucks and SUVs Isuzu cars, trucks and SUVs Jaguar cars, trucks and SUVs Jeep cars, trucks and SUVs Kia cars, trucks and SUVs Lamborghini cars, trucks and SUVs Land Rover cars, trucks and SUVs Lexus cars, trucks and SUVs Lincoln cars, trucks and SUVs Lotus cars, trucks and SUVs Maserati cars, trucks and SUVs Maybach cars, trucks and SUVs MAZDA cars, trucks and SUVs McLaren cars, trucks and SUVs Mercedes-Benz cars, trucks and SUVs Mercury cars, trucks and SUVs MINI cars, trucks and SUVs Mitsubishi cars, trucks and SUVs Nissan cars, trucks and SUVs Oldsmobile cars, trucks and SUVs Plymouth cars, trucks and SUVs Pontiac cars, trucks and SUVs Porsche cars, trucks and SUVs RAM cars, trucks and SUVs Rolls-Royce cars, trucks and SUVs Saab cars, trucks and SUVs Saturn cars, trucks and SUVs Scion cars, trucks and SUVs smart cars, trucks and SUVs SRT cars, trucks and SUVs Subaru cars, trucks and SUVs Suzuki cars, trucks and SUVs Tesla cars, trucks and SUVs Toyota cars, trucks and SUVs Volkswagen cars, trucks and SUVs Volvo cars, trucks and SUVs Yugo cars, trucks and SUVs
RESEARCH BY STYLE
AWD/4WD
Commercial
Convertible
Coupe
Hatchback
Hybrid/Electric
Luxury
Sedan
SUV/Crossover
Truck
Van/Minivan
Wagon
ADDITIONAL MODEL INFORMATION

author photo by Russ Heaps October 2018

The latest Cox Automotive survey found that car dealers see effects of future mobility as a positive for revenue growth. Cox surveyed 430 franchise and independent dealers for its Cox Automotive Future of Mobility Study. In the release of the second phase of the study, the survey found that only one in 10 car dealers believe that advances in mobility will negatively impact sales despite expectations that personal-car ownership will decline.

Though the survey indicated that car dealers expect a steeper decline in personal-vehicle ownership than the general public does (28 percent versus 18 percent), they are hopeful that trends in future mobility will help rather than hurt revenue. In other words, dealers see the trends in mobility as an opportunity and not a threat.

For ride-hailing, car-sharing and subscription services, roughly 45 percent of dealers believe such advances will add revenue streams. Nearly three out of four dealers think offering such services at their dealerships will add to the bottom line. Moreover, 59 percent of dealers surveyed believe vehicles used for ride hailing and car sharing will log more miles than personally owned vehicles, generating additional dollars in the service department.

About 72 percent of dealers don't view the evolution from traditional ownership to the "sharing" model as a threat to the current dealership system. However, about 57 percent are convinced such a change will reduce the number of dealerships across the country.

Dealers are uncertain about offering such services at the dealer level. This is uncharted waters for the majority of dealers, and some fret that they will fail to take full advantage of the coming changes.

The Cox Automotive Evolution of Mobility Study was conducted during July 2018.

RELATED INVENTORY
Saving this vehicle to yourMy Autotrader account
Are you sure you want to delete?
New 2018 Toyota Camry XLE
New 2018 Toyota Camry
MSRP $34,158
Saving this vehicle to yourMy Autotrader account
Are you sure you want to delete?
New 2018 Toyota Camry XSE V6
New 2018 Toyota Camry
MSRP $39,846
Saving this vehicle to yourMy Autotrader account
Are you sure you want to delete?
New 2018 Toyota Camry LE
New 2018 Toyota Camry
MSRP $26,374
Saving this vehicle to yourMy Autotrader account
Are you sure you want to delete?
Used 2018 Toyota Camry LE
Used 2018 Toyota Camry
$19,350
This image is a stock photo and is not an exact representation of any vehicle offered for sale. Advertised vehicles of this model may have styling, trim levels, colors and optional equipment that differ from the stock photo.
Future Mobility: Cox Automotive Survey Finds Car Dealers Welcome Mobility Advances - Autotrader