FPS Vital News Vital News 53 Jan-Mar 2019 | Page 3

VN 53 | JANUARY – MARCH 2019 3 THE PARADIGM SHIFT As the automotive industry gears up for a paradigm shift, VITAL NEWS does a quick overview on the various murmurings to see how it affects the aftermarket. With the evolution of eCommerce, urban mobility, emergence of extended vehicles, and of course the rise of extended vehicles (EVs), questions are being raised about what is in store for the automotive industry. Thrown in the mix of all this, is the politico- economic uncertainty brought forth by Brexit negotiations. This in itself is a kettle of fish which needs to run its course with definitive outcomes in order for businesses to identify their future strategies. mobile streaming capabilities of 5G mobile networks would particularly benefit connected vehicles as they will be able to seamlessly transfer live data between the car and the cloud. This will inherently provide vehicle manufacturers with live information about the condition of the car and prescribe any services needed, and this is just the beginning. TECHNOLOGY RULES There is no question that technology is advancing at a relentless pace and is evolving business practices everywhere. With compelling and growing reports of the demise of the high street due to growing reliance on eCommerce, businesses seem to sink or swim in this new dawn. Public vehicle charging points are becoming more common With Volkswagen Audi Group announcing that they will be introducing the last of their combustion engine vehicles in 2026, it becomes more apparent that the future is now. As other vehicle manufacturers are revving their engines on the electric race (pun very intended), infrastructure planners are working hard to reconcile energy supply with burgeoning power demand. In terms of connectivity, the world is gearing up for the introduction of 5 th Generation (5G) mobile technology. The super-fast Some may see the emergence of EVs as a threat to the livelihoods of players within the sector. However, this threat is not manifested by the rise of technology. The threat comes with the lack of training and expertise – something that can be easily remedied by upskilling the workforce. As expertise is still lacking in the independent aftermarket, fortune is likely to favour the bold and early. Being early adopters to EV servicing, technicians have the opportunity to build their pioneering reputation. THE POWER STRUGGLE The modern “connected” dashboard has fair access to the information from VMs. This provides motorists with the freedom of choice in choosing the appropriate services to suit their needs. HOW THIS AFFECTS THE AFTERMARKET As vehicles become more connected, organisations like the IAAF and FIGIEFA are fighting hard to ensure that the aftermarket OPPORTUNITIES PRESENT WHEN SOUGHT On FPS’ capacity, the company continues to study emerging trends within the industry and foster close relationships with suppliers and customers alike, to offer what the market needs, when they need it. With some 30 million vehicles across the UK, the aftermarket is indeed bustling. Whilst the EVs are not likely to take over the market overnight, it is impending. It is up to the industry to make use of this time window wisely in planning and preparation.