Volvo has confirmed that it will be phasing out its Care by Volvo car subscription service, winding down operations in the UK.
Talk of Mobility as a Service (MaaS), car subscriptions plus a new era and approach to vehicle funding seems to have quietened down considerably of late.
Fleet Assist enjoyed record trading volumes as it supports customers to navigate the new SMR environment due to the growth in EVs.
Electric car subscription firm Onto, which has a fleet of 7,000 EVs and a customer base of 20,000 subscribers, has collapsed as it ran out of cash.
Nissan has launched a new subscription offering for its electric and hybrid models that bundles all motoring costs except charging and fuel from £645 a month.
Nearly two-thirds (59%) of young drivers (18–34 year olds) are considering flexible car ownership models, according to new research from Churchill Expert.
Mycardirect is expecting to double its revenues this year as demand for vehicle subscriptions continues to grow.
FCA Bank Group has launched a new rental and mobility division called Drivalia to replace Leasys Rent.
Car subscriptions services are expected to become more popular as living costs increase, causing more consumers look for greater flexibility with their finances.
Former ASE chief commercial officer Mike Fazal has left the automotive retail advisory business to go “all-in” with his car subscription business Karzoom.
Car subscription provider Mycardirect has an overall vehicle mix of 28%, which is double the share seen in the UK car market overall.
Jaguar Land Rover (JLR) has launched a new dedicated website to combine its online purchase, subscription and rental services into one place.
Car subscription software provider Loopit is witnessing increased demand from retailers looking at alternative revenue stream solutions for their used car inventory.
Cazoo has acquired Swipcar, a Spanish digital car subscription business.
Car subscription provider Mycardirect has launched a new van business, called Myvandirect.
Cazoo has begun targeting new car customers with an all-inclusive new car subscription service, marketing models from Fiat and Ford to Mercedes-Benz and Tesla.
Cazoo is set to be listed on the New York Stock Exchange following the signing of a definitive business combination agreement with US-based acquisition company AJAX.
Wagonex has launched an updated version of its plug-and-play subscription platform, making it easier for dealers to unlock the potential of vehicle subscriptions.
Could a shortage of cash and heightened consumer caution in the wake of the COVID-19 coronavirus crisis help to fuel a shift towards car subscription?
Government’s ‘travel by car’ advice fuels hope for market revival
