The Role of Technology in the Automotive Industry

 

The Role of Technology in the Automotive Industry

The Role of Technology in the Automotive Industry - Technology is closely related to the development of the automotive industry. In 1913, Henry Ford revolutionized the Automotive Industry as we know it by introducing an automobile assembly line that could mass-produce cars. Ford's car assembly lines have successfully transformed markets and benefited society.

Along with their ability to reduce the amount of time it takes to assemble a car, production costs, and make the final assembly line easily accessible to the public. We have also seen how Ford assembly line models are being scaled up by manufacturing industries in Japan and Korea to help more people around the world gain access to cars.

Unfortunately, today's automotive sector tends to revolve around incorporating advanced concepts such as autonomous vehicles, integration with digital devices via the Internet of Things, and how to reduce our dependence on fossils. fuels and fossil fuels.

The line of discussion topics will be longer along with entering the era of development of innovation in the automotive sector. However, we also need to ask: to what extent can new forms of innovation bring tangible benefits to the average person?

Today, we need technology to solve the problems we face in the automotive industry as a whole. However, the short average lifespan of a car encourages an increase in the growth rate of used cars in the country. Interestingly, despite increasing purchasing power, Indonesians tend to prefer used cars over new cars.

However, this does not mean that Indonesians tend to choose vehicles of low quality, but because there are still many used cars in Indonesia that have not been used for a long time, between three and seven years.

Another factor to consider is that, over the last decade, the Indonesian banking sector has matured which has led to the emergence of more flexible financing options, particularly for vehicle loans.

Although the automotive sector for used cars is experiencing a renaissance, several things still need to be considered, including whether the used car seller can be trusted and how the condition of the used car sold to the dealer itself is.

The younger generation who grew up with the internet is less likely to visit a dealership without gathering information online beforehand. This behavioral shift presents an opportunity to leverage technology to improve the customer experience.

Over the last decade, we have seen various car listings undergo a process of digitization and a shift from print to digital media. However, car listings can only provide limited information. The car being sold may look good at first glance, but most problems only arise when the consumer has made a purchase and is driving the car on the streets.

Commissions and brokerage fees tend to lower the selling price of the car. This situation gave rise to the idea of ​​creating an online car listing and turning it into an automotive product marketplace.

Through mobile applications, the automotive market is leveraging a large number of smartphone users to help drive vehicle sales in less than 24 hours. Cellular technology is especially useful for archipelagic countries like Indonesia, where people are often separated by physical boundaries.

The internet has become a boon for companies in reaching consumers in various locations, especially as e-commerce is a rapidly growing sector in Indonesia. Now is the time for us to bring the spirit to develop the automotive industry in Indonesia. Thus a review of the role of technology in the automotive industry may be useful for you.

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