Tuesday, September 19, 2017 2:21:10 PM
These are facts regarding new vehicle production.
New Car World Production for 2016 (minus China):
Passenger Vehicles 47.7 m
Commercial Vehicles 22.4 m
Total Production 69.1 m
For the sake of discussion, let's use 65 million.
Let us say our two apps are now a part of 5% of new vehicle world production (GM, Ford, BMW, etc.) or 3.25 million vehicles. At a cost to the manufacturer of $150 for both apps per vehicle, gross income is $487,500,000. for 2018. I believe there is an offer of an annual renewal option. If, after the first year, there were a fee of $125 per year to renew, the gross renewal fee income would be $406,250,000.
In 2019, with the same production figure, income of $487,500,000., plus the renewal of $406,250,000., gross income would be $893,750,000.
IN 2020, again using the 5% of world production, an income of $487,500,000 plus the compounding of the annual renewal fees for 2018 and 2019, $812,500,000, the combined revenues would result in 1.299 Billion.
I have a question to all: Are we currently offering a renewal program after the first year? I believe we are. One major car company will put us on our way to being that BILLION dollar company.
Thank you. Looking forward to your comments. GLTA!
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