Mark Boyadjis's guest appearances

Mark Boyadjis

S&P Global Mobility | Fuel For Thought

Michael Robinet

Tom Libby

Chris Hopson

Stephanie Brinley

Devin Lindsay

Jeremy Carlson

Melanie Erff

Mark Seng

Matt Trentacosta

Marc Bland

Casey Selecman

Todd Campau

OwlTail

As the automotive industry looks to recover lost revenues from the global COVID-19 pandemic, the growing demand for high-tech, shared mobility solutions has become a focal point. Within major markets, IHS Markit forecasts a steady 18 percent compound annual growth rate on vehicle sales for mobility services use in the next 10 years, adding 2.6 million units by 2030. In contrast, vehicle sales for personal-use will see a net loss of 1 million units in the same timeframe. To take advantage of the shifting consumer demand, many automakers are partnering with ride-hailing companies to design and optimize a new type of vehicle for their services. Recently, Chinese carmaker, BYD launched the D1 to exclusively support DiDi’s ride-hailing operations in China, earning revenues based on vehicle usage, rather than unit sales. And BYD is not alone. Several other OEMs have launched similar endeavors, proving that the pandemic has forced OEMs to think differently about how vehicles are designed AND how revenues are earned. I’m Mark Boyadjis, with an IHS Markit Minute.

An Automotive Minute [S2|E42] How COVID-19 is Changing the Auto Industry with Mark Boyadjis

There is a clear focus on new revenue sources in the automotive industry, as mobility, electrification, autonomy, and connectivity continue to democratize for a post-COVID world. Connected services are one way automakers can grow revenues, yet many still see it as a cost, not a profit center. In many cases, automakers see paltry renewal rates from 15-30% post trial, which is neither sustainable nor profitable. In a recent IHS Markit study, six premium brands in the US market were evaluated and indexed, investigating the intersection of consumer opinions and competitive metrics on connected features. Tesla and Cadillac indexed above the average, whereas BMW, Audi, Mercedes and Genesis indexed below. These results illustrate that the top two brands have a deeper integration of connected services across their organizations that drive higher customer satisfaction and revenues. As the industry works to recover the sales and revenue levels it enjoyed before the pandemic, those with a structural focus on connected services will find a competitive advantage amongst the market. I’m Mark Boyadjis, with an IHS Markit Minute.

An Automotive Minute [S2|E40] Connectivity with Mark Boyadjis

As the industry prepares to launch new MaaS platforms, the incumbent supply chain will have to adapt and/or consolidate to sustain revenue and profit. The shift is driven largely via the emerging power and headstart of mobility providers, many of which do not have direct ties to OEMs. These new players to the industry are laser-focused on the customer experience and customer data, and are seeking to commoditize the very existence of the automotive product as the industry slowly shifts over to a service model. What are traditional suppliers doing to stay relevant in this time of rapid change? Mark Boyadjis and Kristen Balasia discuss the issue.

Fuel for Thought - Episode 1: Future Mobility and the Automotive Supply Chain with Mark Boyadjis