The automotive industry is known as being successful through in-person sales by customers visiting a dealership. However, the Coronavirus pandemic has brought on a new set of challenges when it comes to purchasing a vehicle offline. It may seem as though purchasing a vehicle online is no way to gain success. Yet, through advanced features such as real time artificial intelligence, digital showrooms, and virtual reality experiences, the automotive industry is predicted to accelerate online in 2021. Read more below. Artificial Intelligence You may relate AI to the automotive industry through vehicles like Tesla. But a self-driving vehicle is not
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Automotive Industry Impacted by Microchip Shortage
With a microchip shortage on the rise, car dealers are getting allocated fewer vehicles to sell. This has lead General Motors and the auto industry to ask for government assistance. With the Coronavirus pandemic halting production and the high demand for the latest technology, it’s no wonder there is a devastating shortage. Why Is There A Microchip Shortage? The rising demand for consumer electronics has drastically affected the automotive industry’s ability to secure all of the microchips needed. COVID-19 is partly to blame as it has caused production setbacks due to lack of materials, parts and personnel. According to a
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