Mes: febrero 2021

PLANO, Texas, Feb. 1, 2021 /PRNewswire-HISPANIC PR WIRE/ — Toyota Motor North America (TMNA) has officially unveiled the next iteration of the SmartPath retail experience, allowing customers flexibility in how they buy their next Toyota. Working hand-in-hand with dealerships across the United States to integrate online and in-store retail, TMNA assumed the responsibility of the research and development of one, comprehensive retail program to offer customers the opportunity to lease, finance or purchase their new vehicle without the need to physically visit the dealership.

Developed in partnership with Toyota Financial Services (TFS) in response to shifting consumer purchase preferences, Toyota began piloting SmartPath in 2019 to expand the retail footprint, offering a flexible shopping experience that is convenient, interactive, connected, transparent, and customized. The COVID-19 virus accelerated consumer demand for digital transactions, with a recent digital shopping survey showing two out of three shoppers are more likely to purchase a vehicle 100% online¹.

Toyota’s SmartPath technology puts the car buying process in the hands of the customer, providing an integrated user experience across Toyota.com, buyatoyota.com, the dealership website and the physical dealership store. Customers can choose the path that works best for them by starting their journey online, saving their progress in the «digital garage» and picking up where they left off at the dealer, or completing their purchase with their SmartPath dealer entirely online.

By utilizing SmartPath, customers have more control over how they purchase their vehicle, increased transparency into current inventory and real-time pricing, and flexibility to shop when and how they want.

For Toyota dealerships, the new technology integrates with current inventory, the customer relationship management system (CRM) and directly with financing through TFS, allowing sales associates the opportunity to better understand customers wants and needs, while accessing time-saving tools, enhanced analytics and advanced lead handling that allows the dealer to pick up right where the customer left off online.

«Our goal is to ensure we create the best experience for our customers and our dealers,» said Jack Hollis, senior vice president, Automotive Operations, TMNA. «As our customers’ expectations evolve, SmartPath provides our dealers the technology to exceed those expectations. Our shared mission is to make the experience of shopping, buying, and owning a Toyota as easy and carefree as driving one.»

SmartPath customers have the option to finalize their purchase by physically visiting the dealerships, or through a digital appointment with the dealer.

SmartPath is currently available to customers in select markets through more than 50 dealerships, with an additional 50 dealerships launching this spring, and plans to aggressively bring more SmartPath dealerships to market through 2021. The all-new SmartPath complete online experience, which expands to allow customers the ability to complete their purchase online, will roll out market by market starting in mid-February 2021.

The new online retail experience will also be available to Lexus customers through Lexus Monogram. You can learn more about Monogram, here.

About Toyota:

Toyota (NYSE:TM) has been a part of the cultural fabric in the U.S. for more than 60 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands, plus our nearly 1,500 dealerships.

Toyota has created a tremendous value chain and directly employs more than 36,000 in the U.S. The company has contributed world-class design, engineering, and assembly of more than 30 million cars and trucks at our 9 manufacturing plants, 10 including our joint venture in Alabama that begins production in 2021.

To help inspire the next generation for a career in STEM-based fields, including mobility, Toyota launched its virtual education hub at www.TourToyota.com with an immersive experience and chance to visit many of our U.S. manufacturing facilities. The hub also includes a series of free STEM-based lessons and curriculum through Toyota USA Foundation partners, virtual field trips and more. For more information about Toyota, visit www.toyotanewsroom.com.

Media Contact: 
Carley Hummel
469-292-8754
carley.hummel@toyota.com

¹ Source: 2020 Cox Automotive COVID-19 Digital Shopping Study, April 4-5, 2020

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Logo – https://mma.prnewswire.com/media/785813/TOYOTA_MEDIA_RELATIONS_LOGO.jpg  

SOURCE Toyota Motor North America

OAKBROOK TERRACE, Ill., Feb. 1, 2021 /PRNewswire/ — vAuto with Intelligent Promotion will launch at the Cox Automotive Experience and NADA 2021, expanding upon vAuto’s legendary inventory management capabilities with all new functionalities. Intelligent Promotion integrates within vAuto Conquest and Provision to help automate the merchandising of the most marketable attributes of each and every vehicle. Using vAuto live market insights and the Intelligent Promotion tools allows dealerships to create merchandising campaigns for specific groups of vehicles and automatically apply the content as vehicles arrive in their inventory, creating more consumer engagement where the shopping experience begins – online.   

vAuto with Intelligent Promotion upends the long-held assumption that due to their uniformity new cars would not equally benefit from the robust and descriptive merchandising that belays used cars’ pricing stability. Recent market dynamics and changes in consumer shopping behaviors, have driven dealerships to rethink traditional approaches to running their business, and to marketing new cars. Historically, dealerships have applied consistent inventory management practices across their entire portfolio of inventory. This includes vehicle merchandising where dealers often emphasize a process that creates a standardized digital presence, missing the opportunity to highlight compelling information, such as lease specials or dealer services, that can help them capture market share.

Industry-forerunner vAuto now provides the insights and tools to more efficiently identify local trends and develop enhanced merchandising that tailors the content to the market trends. Armed with a better understanding of the local market, vAuto with Intelligent Promotion enables dealers to formulate a data-driven pricing and merchandising strategy, that improves the appeal of new and used inventory and boosts overall sales performance.  

«For years trends showed that merchandising was a ‘check the box’ requirement. Successful dealerships are adjusting their marketing and merchandising strategy to focus on quality, not just quantity of work done,» said Randy Kobat, vice president, Inventory Management Solutions for Cox Automotive. «By combining vAuto’s industry-leading market data to power Intelligent Promotion, while also integrating SnapLot 360’s stunning visualizations, vAuto clients can easily and effectively create compelling inventory listings and engage a wider audience with transparency and confidence.» 

vAuto with Intelligent Promotion provides dealerships with the insights and tools to create differentiated merchandising and automatically apply it to the right inventory.  

• Bulk campaigns make it easy to apply content to multiple vehicles. Inventory filters create rules, so campaigns are applied to the right inventory and Smart Fields automatically insert VIN specific information without editing each listing. 
• Modern creative tools provide the flexibility to augment VDP image carousels with more information using virtual billboards and image overlays. 
• Engage shoppers with interactive visuals using 360 media spins. SnapLot 360 is now integrated with vAuto Conquest and Provision and provides a new way to merchandise inventory without the need for an additional inventory management platform.  

For more information on vAuto with Intelligent Promotion, visit www.vauto.com/products/conquest/. For information on SnapLot 360, visit www.vauto.com/snaplot360. For information on all of Cox Automotive’s 2021 new offerings, visit www.coxautoinc.com/experience. 

About vAuto  
vAuto^® provides innovative technology, tools and business intelligence to thousands of dealerships across the United States and Canada, helping them compete more effectively and increase new/used vehicle sales volumes and profits. Founded in 2005, vAuto revolutionized dealers’ used vehicle operations with the groundbreaking Provision^® suite of tools. Leveraging The Velocity Method of Management^®, pioneered by vAuto founder, Dale Pollak, Provision helped dealers adopt a more transparent- and turn-focused approach to used vehicle acquisition, appraising, pricing and merchandising based on real-time, local market supply-and-demand data. vAuto’s solutions also include Conquest, a new vehicle inventory management and pricing system, and Stockwave, which enables dealers to efficiently find and purchase vehicles from leading wholesale sources via a single platform. In 2018, vAuto released the Provision ProfitTime metric and methodology to help dealers maximize inventory turn and gross profit based on the investment value or profit potential of each vehicle. In 2020, the company debuted an all new iRecon solution, integrated with Provision, to help dealers recondition vehicles and get them retail ready faster.  

Headquartered near Chicago, Illinois, vAuto is a Cox Automotive™ brand. 

About Cox Automotive 
Cox Automotive Inc. makes buying, selling, owning and using vehicles easier for everyone. The global company’s more than 27,000 team members and family of brands, including Autotrader^®, Clutch Technologies, Dealer.com^®, Dealertrack^®, Kelley Blue Book^®, Manheim^®, NextGear Capital^®, VinSolutions^®, vAuto^® and Xtime^®, are passionate about helping millions of car shoppers, 40,000 auto dealer clients across five continents and many others throughout the automotive industry thrive for generations to come. Cox Automotive is a subsidiary of Cox Enterprises Inc., a privately-owned, Atlanta-based company with annual revenues of nearly $20 billion. www.coxautoinc.com 

View original content to download multimedia:http://www.prnewswire.com/news-releases/vauto-expands-its-inventory-management-capabilities-with-the-launch-of-intelligent-promotion-301218741.html

SOURCE vAuto

PLANO, Texas, Feb. 1, 2021 /PRNewswire/ — Toyota Motor North America (TMNA) has officially unveiled the next iteration of the SmartPath retail experience, allowing customers flexibility in how they buy their next Toyota. Working hand-in-hand with dealerships across the United States to integrate online and in-store retail, TMNA assumed the responsibility of the research and development of one, comprehensive retail program to offer customers the opportunity to lease, finance or purchase their new vehicle without the need to physically visit the dealership.

Developed in partnership with Toyota Financial Services (TFS) in response to shifting consumer purchase preferences, Toyota began piloting SmartPath in 2019 to expand the retail footprint, offering a flexible shopping experience that is convenient, interactive, connected, transparent, and customized. The COVID-19 virus accelerated consumer demand for digital transactions, with a recent digital shopping survey showing two out of three shoppers are more likely to purchase a vehicle 100% online¹.

Toyota’s SmartPath technology puts the car buying process in the hands of the customer, providing an integrated user experience across Toyota.com, buyatoyota.com, the dealership website and the physical dealership store. Customers can choose the path that works best for them by starting their journey online, saving their progress in the «digital garage» and picking up where they left off at the dealer, or completing their purchase with their SmartPath dealer entirely online.

By utilizing SmartPath, customers have more control over how they purchase their vehicle, increased transparency into current inventory and real-time pricing, and flexibility to shop when and how they want.

For Toyota dealerships, the new technology integrates with current inventory, the customer relationship management system (CRM) and directly with financing through TFS, allowing sales associates the opportunity to better understand customers wants and needs, while accessing time-saving tools, enhanced analytics and advanced lead handling that allows the dealer to pick up right where the customer left off online.

«Our goal is to ensure we create the best experience for our customers and our dealers,» said Jack Hollis, senior vice president, Automotive Operations, TMNA. «As our customers’ expectations evolve, SmartPath provides our dealers the technology to exceed those expectations. Our shared mission is to make the experience of shopping, buying, and owning a Toyota as easy and carefree as driving one.»

SmartPath customers have the option to finalize their purchase by physically visiting the dealerships, or through a digital appointment with the dealer.

SmartPath is currently available to customers in select markets through more than 50 dealerships, with an additional 50 dealerships launching this spring, and plans to aggressively bring more SmartPath dealerships to market through 2021. The all-new SmartPath complete online experience, which expands to allow customers the ability to complete their purchase online, will roll out market by market starting in mid-February 2021.

The new online retail experience will also be available to Lexus customers through Lexus Monogram. You can learn more about Monogram, here.

About Toyota:

Toyota (NYSE:TM) has been a part of the cultural fabric in the U.S. for more than 60 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands, plus our nearly 1,500 dealerships.

Toyota has created a tremendous value chain and directly employs more than 36,000 in the U.S. The company has contributed world-class design, engineering, and assembly of more than 30 million cars and trucks at our 9 manufacturing plants, 10 including our joint venture in Alabama that begins production in 2021.

To help inspire the next generation for a career in STEM-based fields, including mobility, Toyota launched its virtual education hub at www.TourToyota.com with an immersive experience and chance to visit many of our U.S. manufacturing facilities. The hub also includes a series of free STEM-based lessons and curriculum through Toyota USA Foundation partners, virtual field trips and more. For more information about Toyota, visit www.toyotanewsroom.com.

Media Contact: 
Carley Hummel
469-292-8754
carley.hummel@toyota.com

¹ Source: 2020 Cox Automotive COVID-19 Digital Shopping Study, April 4-5, 2020

View original content to download multimedia:http://www.prnewswire.com/news-releases/toyota-reimagines-the-new-car-buying-experience-with-complete-online-retail-solution-301218714.html

SOURCE Toyota Motor North America

DUBLIN, Feb. 1, 2021 /PRNewswire/ — The «Car Financing – Global Market Outlook (2019-2027)» report has been added to ResearchAndMarkets.com’s offering.

Global Car Financing market accounted for $1.95 trillion in 2019 and is expected to reach $3.11 trillion by 2027 growing at a CAGR of 6.0% during the forecast period.

Some of the key factors propelling the growth of the market are rise in the global average price of the vehicle, increasing car production by various manufacturers, and rise in disposable income. However, the increase in debts from various borrowers is the restraining factor for the growth of the market.

Car financing includes a wide range of financial products that provide funds to customers to own a car without full payment. There are various financial services available in the car loan categories which are provided by financing companies or specialist car manufacturers.

By vehicle, the commercial vehicles segment is expected to grow at a significant market share during the forecast period as these are expensive as compared to other vehicles and therefore various financial institutions and banks have introduced affordable loan schemes with simple terms and conditions. Based on geography, Asia Pacific is anticipated to hold considerable market share during the forecast period as the middle-class households in developing economies have a high demand for car financing.

Some of the key players in Car Financing Market include Bank of America, Toyota Financial Services, Standard Bank, HSBC, Ford Motor Credit, Capital One, BNP Paribas, Hitachi Capital Asia Pacific, and Ally Financial.

What the Report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Key Topics Covered:

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology 
2.5 Research Sources

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Emerging Markets
3.7 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Car Financing Market, By Loan Provider
5.1 Introduction
5.2 Original Equipment Manufacturer (OEM)/Captives
5.3 Non-Banking Financial Companies (NBFC)
5.4 Financing Institutions/Banking Institutions
5.5 Commercial Banks

6 Global Car Financing Market, By Finance Type
6.1 Introduction
6.2 Lease
6.3 Loan

7 Global Car Financing Market, By Sales Network
7.1 Introduction
7.2 Direct Finance Approach
7.3 Dealership Walk In’s

8 Global Car Financing Market, By Service Type
8.1 Introduction
8.2 Used Vehicles
8.3 New Vehicles

9 Global Car Financing Market, By Vehicle
9.1 Introduction
9.2 Passenger Vehicles
9.3 Commercial Vehicles

10 Global Car Financing Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa

11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies

12 Company Profiling
12.1 Bank of America
12.2 Toyota Financial Services
12.3 Standard Bank
12.4 HSBC
12.5 Ford Motor Credit
12.6 Capital One
12.7 BNP Paribas
12.8 Hitachi Capital Asia Pacific
12.9 Ally Financial

For more information about this report visit https://www.researchandmarkets.com/r/x2b3y1

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

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SOURCE Research and Markets