The New Automotive Acronym
Electric Drive. The Autonomous Vehicle Future. Global Trade. World Demographics. There are many forces driving change in the automotive aftermarket but SA would argue that Business Model Transformation (BMT) may be the issue that truly challenges the traditional aftermarket parts and service industry. BMT refers to how vehicle ownership and service will change in the future. From car sharing platforms to fractional ownership to Transportation as a Service the idea of large fleet owners making vehicles available through subscriptions can scare independent service shops and parts suppliers as they think about how service will be supplied. In this paper, SA highlights some of the leaders in BMT.