Value Co-Creation in Used-Car Auctions: A Service Scientific Perspective
Authors: Safdar Muhammad Usman, Youji Kohda, Katsuhiro Umemoto
Abstract:
Electronic market place plays an important intermediary role for connecting dealers and retail customers. The main aim of this paper is to design a value co-creation model in used-car auctions. More specifically, the study has been designed in order to describe the process of value co-creation in used-car auctions, to explore the co-created values in used-car auctions, and finally conclude the paper indicating the future research directions. Our analysis shows that economic values as well as non-economic values are co-created in used-car auctions. In addition, this paper contributes to the academic society broadening the view of value co-creation in service science.
Keywords: Value co-creation, Used-car auctions, Non-economic values, Service science.
Digital Object Identifier (DOI): doi.org/10.5281/zenodo.1337467
Procedia APA BibTeX Chicago EndNote Harvard JSON MLA RIS XML ISO 690 PDF Downloads 2473References:
[1] J. F. Rayport and J. J. Sviokla, "Managing the market space,” Harvard Bus. Rev., Nov. /Dec., 1994, pp. 141–150.
[2] H. G. Lee and T. Clark, "Market process reengineering through electronic market systems: opportunities and challenges,” J. of Mang. Info. Sys., vol. 13, 1996, pp. 113–136.
[3] J. Y. Oh, "IT-enabled business transformation-insights from Japanese used-car industry,” in Proc. of 3rd Int. Conf. on Dig. Soc., Cancun, 2009, pp. 223–228.
[4] S. L. Vargo and R. F. Lusch, "Evolving to a new dominant logic for marketing,” J. of Mark., vol. 68, 2004, pp. 1-17.
[5] S. L. Vargo and R. F. Lusch, Service-dominant logic: what It Is, What It Is Not, What It Might Be. In The Service-Dominant Logic of Marketing: Dialog, Debate and Directions, (eds) R. F. Lusch and S. L. Vargo, pp. 43-56, 2006, M. E. Sharpe Inc., Armonk.
[6] J. Sophrer, P. P. Maglio, J. Bailey and D. Gruhl, "Steps toward a science of service system,” Computer, vol. 40, 2007, pp. 71-77.
[7] S. L. Vargo, P. P. Maglio and M. A. Akaka, "On value and value co-creation: a service systems and service logic perspective,” Europ. Manag. J., vol. 26, 2008, pp. 145-152.
[8] C. Gronroos and P. Voima, "Critical service logic: making sense of value creation and co-creation,” J. of the Aca. of Mark. Sci., vol. 41, 2013, pp.133-150.
[9] K. Griffin, "Used car sales figures from 2000 to 2014: a historical perspective and a future prediction on used car sales. Available: http://usedcars.about.com/od/research/a/Used-Car-Sales-Figures-From-2 000-To-2014.htm.
[10] Manheim, "About Manheim”. Available: http://www.manheim.com/about/?WT.svl=m_footer_about.
[11] Japan Export Vehicle Inspection Center Company Limited, "Export statistics of used passenger vehicle for 2013 (Top 10 destinations). Available: http://www.jevic.co.jp/assets/Uploads/JAPAN-USEDVEHICLE- 2013-TOP-TEN-2.pdf.
[12] USS Con. Ltd., "Consolidated results of operations: fiscal year ended March 31, 2014.” Available: http://www.ussnet.co.jp/eng/ir/pdf/ Explanation2014_4q.pdf.
[13] H. G. Lee, "Do electronic marketplaces lower the price of goods?” Comm. of the ACM, vol. 41, 1998, pp. 570–578.
[14] G. A. Akerlof, "The market for "lemons”: quality uncertainty and the market mechanism,” The Quar. J. of Econ, vol. 84, no. 3, pp. 488–500.
[15] Japanese Used Car Exporting, "Statistics on countries importing Japanese used cars”, 2007. Available: http://japan-used-car-exporting.info/import/ statistics-export-import-japanese-used-vehicles.html.
[16] H. G. Lee, "Aucnet: electronic intermediary for used-car transactions,” Electronic Mark., vol. 7, no. 4, 1997, pp. 24–28.
[17] AUCNET, "AucNeoStation HYPER,” 2014. Available: https://www.aucnet.co.jp/e/car/ans/index.html.