A report on the automotive industry developed by the consultancy KPMG reveals that, for car manufacturers, alliances are the only alternative alternative for large technology companies in the race for dominance of the automotive ecosystem. It is expected that the percentage of vehicles manufactured in Western Europe will be translated in an important way, and that between 30 and 50% of the physical principles will disappear before 2025.
75% of the 1000 executives asked to make this report foresee that the percentage of cars manufactured in Western Europe (currently at 16%) will fall below 5% by 2030. More than half of the executives ( 56%) foresees that the number of vehicle dealers will be reduced by 30 to 50% by the year 2025. In fact, almost 80% of executives are convinced that the only alternative that dealers have to survive is to become service centers or second-hand vehicles.
The same percentage believes that the use of data extracted from vehicles and drivers will be the basis of the future business model of the automotive industry, which will imply redefining the concept of standard equipment: for that reason, cybersecurity and data will be an indispensable condition to acquire a vehicle in the future.
The production of automobiles on a global scale will exceed the threshold of 100 million. Although, nowadays, 3,000 different models are produced in more than 700 factories around the world, only 2% of the vehicles are fully electric. Francisco Roger, responsible partner of Automotive of KPMG, “although we do not stop to speak of the revolution of the electric vehicles, these will not be the only ones that will circulate in the future.In a horizon in the short / medium term, they will continue coexisting different motor drive models “.
The KPMG Automotive Global Report 2018 gathers the opinions of more than 900 executives from the automotive sector and more than 2,100 users from 43 countries, including Spain. It is the 19th annual report prepared by the consultancy KPMG to analyze the present and future of the global automotive industry.