Finding a stronger signal for leasing connectivity
Welcome to this month’s edition of Connected Cars Digest, where we explore new opportunities in automotive leasing connectivity. Many leasing companies and their fleet customers have experienced the limitations of basic telematics focused on insurance compliance. Today’s advanced connectivity options, however, create fresh opportunities for value, efficiency, and customer satisfaction.
With solutions like ConnectedLeasing and ConnectedFleet, leasing companies can leverage telematics to gain actionable insights, attract more customers, and streamline operations. This month, we guide you through the different levels of connectivity in leasing, share insights from EY’s 2024 Mobility Consumer Index report, and provide highlights from Fleet Europe Days 2024 in Milan, along with updates from recent industry events.
Let’s take a look:
While many leasing companies have been underwhelmed by basic GPS tracking and insurance compliance telematics, today’s connectivity solutions offer a wide spectrum of capabilities, with advanced options capable of delivering unprecedented value for automotive leasing and fleet management. Through progressive levels of connectivity, from basic GPS tracking to enhanced telematics integration, companies can gain increasingly valuable insights and operational control.
Advanced telematics solutions enable features like predictive maintenance, ESG reporting, driver behavior scoring, and more. These robust connectivity solutions elevate fleet management from a simple tracking function to a strategic advantage. Again and again, leasing companies that reevaluate the value of telematics in light of its enhanced capabilities are positioned to deliver exceptional value and efficiency to their customers.?
TLDR:?New telematics solutions go beyond GPS tracking, offering strategic advantages and deeper insights for leasing companies.
As EV sales reach a plateau, the industry faces growing consumer concerns over affordability, charging infrastructure, and the uneven pace of adoption across regions. EY’s Mobility Consumer Index shows that while early adopters are satisfied, mainstream buyers remain hesitant, particularly in areas with inconsistent policies and limited charging options. Engaging these consumers requires a renewed focus on infrastructure investment, expanded model availability, and innovative pricing models, like battery-as-a-service, to lower upfront costs.
Connectivity also plays a crucial role in boosting EV appeal, with consumers increasingly valuing features that enhance safety, security, and maintenance. Prioritizing these in-car experiences can position EVs as the connected choice, helping OEMs and dealers make EVs more attractive compared to ICE vehicles and providing a stronger value proposition for mainstream buyers.
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TLDR:?Tackling affordability, charging, and connectivity will accelerate EV adoption.
At FleetEurope Days 2024, Connected Cars joined key industry brands with a booth dedicated to showcasing telematics solutions for fleet and leasing companies, focusing on customer loyalty and operational efficiency. Visitors engaged in insightful conversations and experienced firsthand how our offerings support fleet management goals.
Our Vice President of Marketing, Business Development & Sales, Martin N?rgaard H?gh, contributed to the event’s discussions on leasing and fleet connectivity with a presentation on ConnectedLeasing and ConnectedFleet at the Fleet Europe Summit. We also held strategic meetings with industry leaders to explore partnerships and growth opportunities.
TLDR:?Telematics solutions showcased, leaders engaged, partnerships explored at FleetEurope Days 2024.
Connected Cars took the stage this month at Sicurauto.it’s Aftermarket Report and ICDP’s Autumn Meeting, as well as joining eCarExpo, to showcase how telematics is reshaping the automotive aftermarket. Our Director of Business Development and Marketing, Morten Gregersen, demonstrated how Connected Cars solutions drive customer loyalty and boost revenue for importers, dealers, and leasing companies. At both Sicurauto.it and ICDP, he emphasized how telematics enables businesses to adapt their aftermarket strategies to meet evolving customer demands.
At eCarExpo, we shared how telematics integration with EVs promotes sustainability and operational efficiency. These events were valuable opportunities to connect with industry leaders and discuss how our solutions empower importers and fleet leasing companies.?
TLDR: Connected Cars showcased top telematics solutions at October’s key automotive events.
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