Some interesting news from the USA, as the possibility of offering PAYG/Pay-By-Mile cover on older cars, checked via telematics, becomes a reality. Brokers could also see which classic cars are actually being driven sedately by Grandfathers down to the Sunday cafe hang-out, and which are being used to create tyre-smokin’ donuts at the local Friday night JDM Cruise/Lowrider meet. Yeah, handy eh?
As major car OEMs and telcos compete to offer the latest EV and autonomous vehicle connectivity solutions, Mobile Devices Ingenierie, a leading provider of Edge Computing Platforms for all Telematics segments, today highlighted the North American retrofit opportunity.
Aaron Solomon, Mobile Devices founder and CEO highlighted the current market opportunity:
“There are over 280 million existing car owners in North America today compared to an estimated 20 million cars in the US with connectivity capability. Even if new car connectivity reaches 100% by 2025 as currently predicted, existing car owners will represent the largest market for at least the next decade.
“The increasing regulatory focus on road safety and improved fleet operations to reduce environmental impact, combined with demand for customer personalisation – from Usage-Based Insurance to improved dealer customer service through early intervention represent a massive opportunity – and this is not limited to next generation cars.
“Our Munic OBD-II Dongles, combined with our unique edge-computing platform, offer wi-fi hot spots, access to real-time information, and quick vehicle diagnostics now.
“We can conduct scans of virtually every engine control unit in most vehicle types in Europe and the US and deliver tailored break-through applications for OEMs, insurers, telcos and fleet managers in less than four months. As the wider industry grapples with whether wireless or 5G is the way forward – we are delivering for our clients now.”
With over 1.7M devices in the field worldwide, Mobile Devices recently partnered with US Fortune 500 Company Assurant Global Automotive to deliver its Pocket Drive solution enabling better car ownership experience and enhanced customer loyalty for dealers.
It is also the partner of choice for Europe’s leading mobile network operator, Swisscom, BMW and leading industry disruptors including Mojio, working to deliver scalable, secure connected car services – whatever the age or model.