New Mobile Health Services Through Telematics
Telematics technology is opening up new business opportunities with mobile health services to consumers. A team at Qualcomm developed Lifecomm, a mobile personal emergency response system, that elders can wear which includes features like automatic fall detection, GPS and nationwide cellular capabilities, and connectivity to end-user and caregiver Web portals. Ford also announced a series of health and wellness in-car connectivity solutions designed to empower people with self-help information while they drive. Non-traditional applications outside the automotive area will be found as telematics solutions become cheaper, faster, smaller, and more mobile.
Connected Cars Present Challenges
Connected cars offer huge advantages to drivers but will require complex interactions between multiple software and service providers. The owner may be different from the driver, the driver's smartphone may have a mapping app, and the automaker has its own service portfolio. Multiple providers can supply similar services resulting in the possibility of complications as services become more complex. Getting cooperation from a large group of participants is the challenge.
Wholesale Prices Expected to Soften in Second Half of Year
Manheim chief economist Tom Webb says that new car sales are expected to rebound in the second half of this year, giving dealers some relief from high wholesale prices. Manheim's Mid-Year Used Car Market Report says used-car prices rose at an accelerated rate through the first half before peaking in May.
Suggestions to Revive Ailing Lincoln Brand
Although the Lincoln brand is struggling, Ford insists it is committed to Lincoln's survival with plans to introduce several new or redesigned models in the coming years and close dealerships in over-saturated markets while renovating those that remain. Ford has put together a 92-person task force to address Lincoln's issues and hired former Cadillac designer Max Wolff. More product differentiation, improved dealer experience and marketing, and exciting new products are among the suggestions to ensure Lincoln's luxury presence can compete with other high-end models.
AutoTrader.com Sees CPO Prices Jump in July
Prices for certified pre-owned vehicles on AutoTader.com surged in July, and were particularly evident for Toyota and Honda. AutoTrader saw a year-over-year price increase in 17 of the site's most popular CPO models during July, with 13 of them having increases greater than $1,000.
