New Market Report: Connected Vehicles: Market and Forecast for LTE and Telematics Applications 2014 - 2019
The automobile industry is very competitive. The profitability on cars is slim with margins in the US as low as two percent on a new car. The large motor companies can make money by self-financing consumer deals. Dealerships hope to make money by promoting repair service packages, and offering extended warranties. The connected car is considered a gift because it is a new revenue stream, has a better margin than the car itself, and can be a differentiator between the...
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