Technology is transforming the automotive industry.
- Data is changing vehicle manufacturing and the way customers buy.
- Connectivity is transforming the relationships between customers and their vehicles.
- New technology such as blockchain provides alternative approaches to existing issues.
- The change affects the whole sector, from manufacturing and maintenance to sales.
Some of the innovation feeds off ideas from other industries, such as the vehicle repair app created by SinglePoint Inc. (OTCQB: SING) (SING Profile). Some of it is focused on sales, as is the case for CDK Global Inc. (NASDAQ: CDK) and its dashboard to help with sales. There are innovations for specific market sectors, such as the truck data-gathering work headed by IHS Markit Ltd. (NASDAQ: INFO). Tesla Inc. (NASDAQ: TSLA) may be working on some of the highest profile changes, with its work on electric cars leading to record-breaking sales, but it’s the quieter work of companies such as AutoWeb Inc. (NASDAQ: AUTO) that is reaching into every corner of the market, as technology transforms the auto sales environment.
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About SinglePoint, Inc.
SinglePoint, Inc. is a technology and investment company with a focus on acquiring companies that will benefit from the injection of growth capital and technology integration. The company portfolio includes mobile payments, ancillary cannabis services and blockchain solutions. Through acquisitions into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued companies, thereby providing a rich, diversified holding base. Through SingleSeed, the company is providing products and services to the cannabis industry. For more information, visit the company’s website at www.SinglePoint.com.
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