Lexicon® Blog

The Road Ahead

In Brand Naming, Branding, Business, Cars, High Technology, Naming on June 22, 2016 at 8:30 am

From our Summer 2016 Automotive Think Tank Blog

The-Road-Ahead

The automotive industry has seen momentous, impactful changes over the years — power steering, air bags, antilock brakes — but nothing that has quite reframed mobility in the way that today’s developing technologies will. As the prescient futurist and science fiction writer J.G. Ballard said more than 40 years ago, “The car, as we know it, is on its way out.”

But what exactly are the implications of these changes from a brand perspective?

Rumblings of a revolution can be traced back to when Google started its autonomous vehicle work over five years ago. To many, it seemed like a flight of fancy or a PR stunt. But, 1.5 million self-driven miles later, hands-free driving is no longer a Jetsons-like fantasy, but an imminent reality. And it’s not just Google that is spearheading this movement.

GM has invested half a billion dollars in the ride-sharing service, Lyft, to build out their autonomous fleet. They’ve also launched Maven, a ride-sharing service that flies in the face of outright car ownership. And other major players aren’t passively waiting on the sidelines. Volvo has promised autonomous driving by 2020, Audi is queuing up high-end electric vehicles, and Ford has launched a subsidiary called Smart Mobility to design and build technologies. Clearly, no major player in the industry is sitting on the sidelines.

Even the industries around cars are innovating for this not-so-distant future. State Farm, the largest auto insurer in the United States, and Travelers, a big global player, are filing patents for technologies that are befitting of Silicon Valley start-ups.

From a technology perspective, the road ahead seems pretty clear. But from the branding viewpoint, it’s not. America has a rich car culture embedded in its history, and these changes will undoubtedly affect its future. The outcomes of this transition will be felt at home and across the globe.

That’s why Lexicon Branding has put together a ten-week think tank to speculate about the changes and opportunities automotive brands will face as they drive into the future. Our team here at Lexicon is leveraging our extensive experience in automotive branding to help existing brands, new companies, and consumers successfully navigate the upcoming landscape.

– Kennedy Placek, Michael Quinn, and Sarah Schechter

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