A futuristic Ferrari recently set a record for 21st-century vehicle sale prices, fetching a whopping €8.3 million (Australian $12.4 million) at a charity auction. The auction was part of an event at Ferrari's factory to celebrate their 70th anniversary. The entire sale price will be donated to Save the Children, an international youth education charity.
We've seen widespread technological innovation in the auto market in the last decade. As we discussed in a recent blog post , adoption of autonomous driving, shared mobility, connectivity, and electric cars has been rapid. What we haven't seen, yet, is much of a change in the automotive sales model. With the exception of Tesla and a handful of purely-online start-ups, most dealers
It's no surprise that there has been some disruption within the automotive industry this year. Many forecasted the rise in connected cars and autonomous vehicles, and both of these sectors continue to develop. A recent report by McKinsey sheds some light on other changes that are taking place within the automotive ecosystem. McKinsey defines four specific