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Cox Automotive has established a new mobility services unit that combines existing businesses, such as its Flexdrive subscription service, with its acquisition of Clutch Technologies' subscription software platform to deliver fleet management solutions for mobility fleets, the company has announced.
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While vehicle subscription programs are still finding their footing, traditional car rental may be better suited than others already in the space to roll out a profitable program.
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The new Icon tier, which has been priced at $1,099 per month, provides a more affordable entry into the program than the two existing tiers and includes vehicles from its 3 Series and crossover lineup.
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DriveItAway conceived and created the “Lyft Your Down Payment” program and the “Drive For Your Down Payment” program, where car dealers can implement a rental program for ridesharing drivers who want to raise money to buy a vehicle.
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Prime Flip subscribers have access to premium and luxury vehicle deliveries via the Prime Flip app.
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Mercedes-Benz has provided pricing for its three-tier subscription service, while Fiat Chrysler Automobiles will offer Jeep Wave that will also allow drivers to use a vehicle for a monthly fee across three levels similar to a short-term rental.
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Currently, the carshare operator has 32 charging stations located throughout the city-state.
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