As purchasing cars online continues to find growth, the more traditional auto showroom might slowly fade away into the past.
Since petrol vehicle sales have steadily declined in the past few years, the development of electric vehicles is likely to blame, Tesla in particular. The “Tesla Effect” is something Teslarati‘s own Simon Alvarez has touched on in the past. It is evident that Tesla has caused a transition to electric vehicles from the tradition gas-powered machines, and it is evident with the numerous manufacturers, like Volkswagen and BMW, who have promised to gear their production lines toward battery-operated cars. Volkswagen has even stated that it will begin producing its own lithium-ion batteries.
Electric vehicles are also becoming more and more advanced by the day. This is evident with Tesla’s recently released V10 update that allows people to utilize Smart Summon in order to provide convenience in any number of situations, Theater Mode that will allow owners to watch videos while their car charges, and other added features. With over the air updates available to Tesla owners, owners of traditional combustion engine cars everywhere must feel a sense of displeasure in knowing that the car they drive now will likely always be the same as what it was when they bought it.
Import price increases and falling sales have caused dealers of internal combustion engine (ICE) vehicles to feel an immense form of pressure. But perhaps the convenience of online vehicle buying in conjunction with the increasingly more appealing electric vehicle is causing dealerships to close their doors for good. The Future of Car Retailing found that over 40% of people do not end up buying a car because of the inconvenience and pain that the car-buying process causes. 1-in-3 people said that they would trade in their vehicles quicker if the process and experience was smoother.
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