{"id":5173,"date":"2024-01-30T10:38:01","date_gmt":"2024-01-30T03:38:01","guid":{"rendered":"https:\/\/wam.vn\/en\/?p=5173"},"modified":"2024-01-30T10:38:01","modified_gmt":"2024-01-30T03:38:01","slug":"can-amazon-and-hyundai-solve-online-car-sales","status":"publish","type":"post","link":"https:\/\/wam.vn\/en\/can-amazon-and-hyundai-solve-online-car-sales\/","title":{"rendered":"Can Amazon And Hyundai Solve Online Car Sales?"},"content":{"rendered":"<p><em><strong>TLDR<\/strong>: Amazon and Hyundai collaborate in potentially transformative online car sales, challenging traditional dealership model amid growing consumer preference for online transactions.<\/em><\/p>\n<p>This article is a summary of a You Tube video &#8220;Can Amazon And Hyundai Solve Online Car Sales?&#8221; by CNBC<\/p>\n<p><iframe title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/To8KybI_nLo?si=-2UYOaBt4qRBPr1m\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<h3>Key Takeaways:<\/h3>\n<ol>\n<li><strong>US Auto Dealership Market Size<\/strong>: The auto dealership business in the U.S. is a massive $1.2 trillion industry, indicating its vast scale and economic impact.<\/li>\n<li><strong>Online Car Shopping Trend<\/strong>: Over 90% of consumers use the internet for car shopping, at least for research purposes, highlighting a significant shift towards online retail in the automotive sector.<\/li>\n<li><strong>Decline in Dealership Visits<\/strong>: Consumers are visiting fewer dealerships before making a purchase, signaling a change in traditional car buying habits.<\/li>\n<li><strong>Direct Sales Models<\/strong>: Companies like Tesla and Carvana are pioneering direct-to-customer sales models, bypassing traditional dealerships.<\/li>\n<li><strong>Amazon and Hyundai Partnership<\/strong>: Amazon, a major e-commerce player, is entering the online car sales space in partnership with Hyundai, indicating a potential industry disruption.<\/li>\n<li><strong>Consumer Preference for Online Purchases<\/strong>: Global surveys show a growing consumer preference for researching and purchasing cars online, driven by the desire for simplicity and speed.<\/li>\n<li><strong>Shift Towards Online Transactions<\/strong>: Both legacy and new automakers are moving towards online sales, with plans for fixed pricing and complete online transactions in the near future.<\/li>\n<li><strong>Amazon&#8217;s Pilot Program<\/strong>: Amazon and Hyundai&#8217;s pilot program involves a select group of dealers and is initially open only to Amazon employees, testing the feasibility of online car sales.<\/li>\n<li><strong>Challenges and Regulations<\/strong>: The transition to online car sales faces challenges like consumer preferences for personal connections and regulatory hurdles in different states.<\/li>\n<li><strong>Uncertain Impact of Amazon&#8217;s Entry<\/strong>: While Amazon&#8217;s entry into car sales could significantly impact the industry, its long-term influence and success remain uncertain.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Amazon and Hyundai collaborate in potentially transformative online car sales, challenging traditional dealership model amid growing consumer preference for online transactions.<\/p>\n","protected":false},"author":3,"featured_media":5174,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":["post-5173","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-43","description-off"],"_links":{"self":[{"href":"https:\/\/wam.vn\/en\/wp-json\/wp\/v2\/posts\/5173","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wam.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wam.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wam.vn\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/wam.vn\/en\/wp-json\/wp\/v2\/comments?post=5173"}],"version-history":[{"count":1,"href":"https:\/\/wam.vn\/en\/wp-json\/wp\/v2\/posts\/5173\/revisions"}],"predecessor-version":[{"id":5175,"href":"https:\/\/wam.vn\/en\/wp-json\/wp\/v2\/posts\/5173\/revisions\/5175"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wam.vn\/en\/wp-json\/wp\/v2\/media\/5174"}],"wp:attachment":[{"href":"https:\/\/wam.vn\/en\/wp-json\/wp\/v2\/media?parent=5173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wam.vn\/en\/wp-json\/wp\/v2\/categories?post=5173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wam.vn\/en\/wp-json\/wp\/v2\/tags?post=5173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}