New automotive consulting firm Elevenci launches
As the automotive sector faces a perfect storm of disruption in the coming years, market incumbents will require unprecedented levels of transformation if they are to survive. In order to support the sector with this sweeping change, a team of UK-based consultants have launched new automotive advisory firm Elevenci.
With the automotive sector facing an increasingly difficult road ahead, companies in the market are increasingly hard pressed to find new ways to improve their bottom lines. In the UK in particular, the pressure is on for firms looking to find ways to improve their value creation.
UK car production sank to its lowest in almost a decade in 2019, with output forecast to continue falling this year. At the same time, Britons bought fewer new cars in 2019 than at any point since the post-recession low of 2013. New car sales fell by -2.3% to 2.3 million units as buyers stayed away from showrooms, according to the latest data from Society of Motor Manufacturers and Traders, showing just how difficult the environment has become for automotive firms going into this new decade.
As the sector looks to reposition itself to survive this storm, many automotive leaders will be looking to the consulting sector for advice on operational improvements and transformation projects. Tapping into this, a new specialist automotive consultancy has been launched with the aim of leading the transformation of the industry.
Elevenci brings together a team of highly experienced industry experts in a bid to provide manufacturers, fleet and leasing providers and finance houses with insight and business advice, helping them to de-risk decisions, accelerate change and maximise ROI. Elevenci’s leadership team consists of Co-Founder and Managing Director, John Waring; Mike Walters, Managing Consultant; Gary Elliott, Client Development Director and Consultant Andrew Shaw.
John Waring has worked with many of the major technology companies including IBM, Oracle and Microsoft to help unlock the potential of new technologies to deliver practical business advantage. Mike Walters has over 30 years’ experience working alongside many top OEM, fleet, leasing, dealer group and motor finance businesses. Also bringing three decades of experience to the firm, Gary Elliot formerly held senior positions with OEMs Hyundai and KIA Motors on their Pan-European activities, while Andrew Shaw has a strong background in the OEM, motor finance and dealer network sectors, both in the UK and international markets.
“You could say the industry faces an existential crisis,” said Waring. “With political and environmental issues, a post-Brexit economy, China and inefficient legacy structures to account for, many businesses across the entire automotive sector are struggling to adapt fast enough, let alone maximise the opportunities presented by increasing digitalisation, alternative powertrains and new mobility services. This is where Elevenci can help.”
Offering an alternative approach to traditional consultancies, the boutique firm aims to help automotive companies devise, implement and manage complex strategies and transformation programmes during a critical period of decision-making and investment for the industry, which is currently underserved by the consultancy sector. The firm will offer strategic consultancy, transformation, supplier selection, project delivery, research and interim management services, among others.
