Kathrin: Barbara, you have been working in customer experience management for almost 20 years, particularly for the automotive industry. How would you describe the current status quo of CX management in this sector?
Barbara: The automotive sector is an absolute pioneer when it comes to customer experience. Manufacturers have been investing in CX programs worldwide for around two decades, traditionally with a strong focus on individual dealerships. In recent years in particular, these programs have been further developed to better integrate digital touchpoints and make the customer experience more consistent. At the same time, we are also seeing increasing complexity in the customer journey. New requirements are increasingly taking center stage.
Speed, efficiency and relevance in data usage are crucial today.
Kathrin: What are the biggest trends you currently see in the industry?
Barbara: Three trends are currently having a massive impact on decision-making processes:
The transformation to e-mobility.
On the one hand, this is driven by political framework conditions, but on the other, it is being held back by consumer reluctance. Many consumers are still skeptical about charging infrastructure, prices and value for money. This creates opportunities for software providers to develop digital support along the EV customer experience.
Cost and investment sensitivity.
OEMs are under enormous pressure to save money, programs must show a quick and effective impact, measurable by relevant key figures such as sales, product satisfaction, customer satisfaction, reduction of lost sales.
CXM as a differentiating feature.
In a market where products seem increasingly interchangeable, competition is increasing and purchasing power is decreasing, perceived service and experience are becoming the decisive drivers of brand loyalty.
Kathrin: At the same time, German premium car manufacturers are currently struggling with declining sales - especially in Asia, but also in Europe. What are the reasons for this?
Barbara: According to the latest annual reports, there are several factors behind this.
Firstly, there is the strong market decline in China due to domestic competition, geopolitical uncertainties and local expectations regarding product design.
In addition, economic uncertainties, high energy costs and increased interest rates are having a negative impact on leasing and financing models in Europe.
At the same time, the used car market is growing strongly. Customers are increasingly making price-driven purchases, which is challenging the profit margins on new car sales.
New marketing and ownership concepts - such as leasing and rental models instead of purchase, or direct sales instead of the dealer model - also play a role here.
The fact that the infrastructure is still lagging behind expectations is particularly relevant for e-mobility.
And finally, there are internal cost pressure measures, such as massive job cuts at major OEMs and a radical focus on profitability.