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Automakers Profit From Vehicle Accessories Amid EV Slowdown

Automakers are increasingly focusing on vehicle accessories as a significant profit center, particularly for trucks and SUVs in North America. This shift is driven by declining profits from electric vehicle programs and slower-than-expected software revenue. While high-end accessory packages generate brand image, the bulk of the profit comes from everyday essentials like floor liners and bed mats, which have higher attachment rates and better margins. AI

IMPACT Focus on accessory sales may shift R&D investment away from AI features in vehicles.

RANK_REASON Article discusses a business strategy for automakers regarding accessory sales, not a new product release or core AI development.

Read on Forbes — Innovation →

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Automakers Profit From Vehicle Accessories Amid EV Slowdown

COVERAGE [1]

  1. Forbes — Innovation TIER_1 English(EN) · Sarwant Singh, Contributor ·

    How Automakers Are Raking In Substantial Profit From Selling Vehicle Accessories

    Automakers are generating significant, profits in vehicle accessories, with one major carmaker earns $2,019 per truck/SUV in accessories in North America.