The disruption of the automotive industry will be one of the biggest that has ever happened in any industry. The automotive and transportation industries touch almost everything in our everyday lives! Automated Driving Technologies will completely transform transportation. It will change tens of millions of people's lives, and bankrupt hundreds, if not thousands, of companies, and create thousands of millionaires and tens of thousands of jobs, while destroying just as many. Hundreds of billions of dollars will be invested. There will be winners and losers along with VERY BIG winners and VERY BIG losers. New businesses, industries, and business models will be created while old ones disappear. So, if you are interested in how one of our country's most important industries is being disrupted, you need to read this book! If you are one of the almost 10 million people who work for a company or are supporting the automotive industry, want to work for a company in the automotive industry, or are simply interested in the trends and technologies that are disrupting the automotive industry, you need to read this book!So who and what will be disrupted? It is my belief every aspect of the automotive industry value-chain will be disrupted in one way, shape, or form. I also believe that there will be a small percentage of existing businesses that will figure out how to be a disrupter, a large percentage of existing businesses that will be disrupted, and last but not least, there will be new companies that enter the automotive market as disrupters.Like most new markets driven by technology, a large percentage of these new entrants will fail or be acquired while a small percentage will experience great success. Let's take a look at how some of the industry players could be a disrupter or be disrupted, as well as a few new disruptive companies.Let's start with OEM manufacturers and their suppliers. They can and will be disrupted by sales and volume declines, value-chain disruption and vehicle content, and technologies. They also have the opportunity to be a disrupter with big data and the Internet of Things. Another sector that will be disrupted are new car dealerships. They will experience disruption due to car sharing, e-hailing, ownership subscriptions, online vehicle purchasing, vehicle electrification, and the increase of autonomous vehicle fleets! Next up, insurance industry disruption. This industry will be disrupted by the entry of new insuretech companies, increased use of telematics or usage-based insurance (UBI), TaaS (Transportation as a Service), reduction in claims due to ADAS technologies, new claims automation, technologies and processes, and more... Auto repair and auto body shops will experience disruption on several fronts. The first being how to repair vehicles that are turning into computers on wheels. Right behind that is implementing new customer service and communication technologies and finding and retaining talent! Last but not least, these highly-fragmented industries will continue to experience consolidation. Another industry segment that will be affected by disruption are aftermarket parts and materials suppliers. This segment will feel disruption due to less parts found on electric vehicles, more consumers purchasing parts and materials online, as well as consolidation. One thing is for sure, it won't be boring.......buckle up!
About the Author: Author Frank Terlep has spent more than 40 years working in the automotive industry. Frank started in the industry in the late 1970s when he attended Southern Illinois University (SIU, Go Salukis!) and Prairie State College to earn a degree in automotive management and technology. During his 40+ years in the industry, Frank has spent time as an auto mechanic, service advisor, service manager, shop owner, salesperson, software designer, Chief Technology Officer, senior executive, three-time entrepreneur, author, educator, and industry volunteer. Frank has been disrupting the auto aftermarket since the mid '80s. His first disruptive effort was in 1985 when he raised $100,000 from an angel investor to develop a software application for the automotive aftermarket. It was one of the first software applications of its kind that helped automotive aftermarket companies manage their business using computer software. In the early 1990s Frank continued his disruptive ways by designing and developing new software applications for the collision and property and casualty industries. These new software applications changed the way estimates were created, documented, shared, and invoiced and the way businesses managed the repair process. In the mid-90s Frank and his team took a failing software application, redesigned it, and helped make it the #1 software application in the collision repair market. Then came the internet revolution of the late 90s where everyone thought the internet would change the world overnight. From 1999 - 2001, Frank helped raise tens of millions of dollars from the Sand Hill Road crowd in Silicon Valley to design and develop one of the automotive industry's first online parts procurement platform. After finding that online parts procurement for the collision industry was way ahead of its time in 2001, Frank launched his second and third companies, and for the next 16 years designed and developed software that once again changed the way automotive businesses marketed, managed, and operated their businesses!After selling his software and companies at the end of 2016, Frank joined asTech(R) in early 2017 where he helped launch another industry disrupter. During his time at asTech(R), Frank helped the company grow 10X. He also helped design and develop asTech's online operating system and mobile apps that powered their patented internet-based remote diagnostic process, glass, and ADAS calibration processes, and the company's on-site mobile electronics service and repair processes.Today Frank is creating another industry disrupter with a new mobile app and SaaS platform for auto collision, mechanical, and truck repair businesses. He also created www.auto-disruption.com to deliver to provide the automotive industry and auto-disruption members with the latest information, knowledge and training on new technologies, business models, companies, and individuals disrupting the automotive industry.