subscription services
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Finance 10 JulRestructure of group behind MyCarDirect vehicle subscription operation
AAM Group, the vehicle leasing and rental group, is restructuring its Best Car Finder division to collaborate with its MyCarDirect vehicle subscription service which competes with car dealers.
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Manufacturer 3 JulNissan launches electric vehicle subscription offering
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.
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Technology 31 MaySherwoods Motor Group launches vehicle subscription service
Sherwoods Motor Group will launch a car subscription service in partnership with Karzoom before the end of June.
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Latest News 4 AprNine million UK motorists could be ready to switch to car subscriptions
Nine million UK motorists might be ready to make the switch from car ownership to subscription, according to the results of research from Wagonex.
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Car Dealer News 27 FebEden Motor Group set to launch car subscription service in Karzoom partnership
Eden Motor Group is launching a new car subscription mobility service after becoming Karzoom’s retailer partner for the Thames Valley.
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Latest News 7 Feb
Subscription demand to double revenues for Mycardirect in 2023
Mycardirect is expecting to double its revenues this year as demand for vehicle subscriptions continues to grow.
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Market Insight 6 FebMotorists ‘forced’ to exchange car or switch to pay-monthly schemes
The cost-of-living crisis is forcing motorists to consider changing to an alternative car or cut day-to-day spending to stay on the road, Carwow research shows.
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Latest News 25 JanOnto raises £100m credit facility from CDPQ and Pollen Street
Onto has raised a new credit funding line of £100m from global investment group CDPQ and independent asset manager Pollen Street.
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Finance and insurance 18 JanWhen will car subscriptions become mainstream?
Digitalisation and flexible monthly payments or usership plans could pave the way for further innovation in the field of vehicle finance
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Finance 21 DecRenault Group dealers to support new Lease&Co finance subsidiary
Renault Group’s Mobilize Financial Services has launched Lease&Co, a new leasing subsidiary that will specialise in flexible, use-based contracts, which will be promoted and supported by the dealer networks of its Alliance brands Renault, Dacia, Alpine and Nissan.
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Manufacturer 13 DecPeugeot UK targets younger customers with premium shift and EV knowhow
The average age of a Peugeot new car buyer is 56. However, the brand sees winning the hearts of younger consumers as a vital step in securing sales growth for the long term.
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Car Dealer News 9 DecBrayleys Cars strikes car subscription partnership with Karzoom
Brayleys Cars has become the latest AM100 car retail group to strike-up a partnership with Karzoom to offer customers a flexible vehicle subscription mobility offering.
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Manufacturer 1 DecRenault launches £599 per month Megane E-Tech subscription service
Renault has launched an all-inclusive subscription service for its new Megane E-Tech electric vehicle (EV) – with prices starting at £599 per month.
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Car Dealer News 9 NovPerrys' Karzoom partnership delivers new Flex car subscription offering
Perrys Motor Sales has become the latest AM100 car retail group to launch its own online vehicle subscription offering through a partnership with Karzoom – launching its new Flex mobility solution.
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Manufacturer 12 OctHyundai commits £11.4bn to subscriptions and mobility-led connected car future
Hyundai Motor Group plans to invest £11.4bn in a new global software centre and research and development (R&D) headquarters by 2030 as it targets a new era defined by pioneering connected car technologies.
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Supplier News 22 Sep
Admiral Group launches venture capital business with Wagonex investment
Car subscription provider Wagonex has become the recipient of Admiral Group’s first investment from its new venture building business Admiral Pioneer.
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Latest News 15 SepMycardirect car subscription business hits profit targets 18 months early
AAM Group’s Mycardirect vehicle subscription business has celebrated reaching its profitability targets 18 months ahead of schedule as it celebrated two years in business.
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Latest News 2 SepHendy Group first to offer new Karzoom car subscription offering
Hendy Group has become the first franchised car retailer to offer a new car subscription offering through a partnership with newly relaunched Karzoom.
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Latest News 27 Jul
Onto begins European expansion
Car subscription service Onto has raised £49.8m to fund its expansion into Europe next year.
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Latest News 19 JulStellantis' Free2Move acquires BMW/Mercedes mobility venture Share Now
Stellantis’ mobility division Free2move has completed the acquisition of car sharing company Share Now, a joint venture formed by Mercedes-Benz Mobility Group and BMW Group in 2019.
