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The Coming Car Crisis: How Detroit Hopes Auto Subscription Services Will Help Minimize The Damage

Within the last nine months, Hyundai, Ford, GM, and Cox Automotive have all launched services to let consumers subscribe to car use, not car ownership. Looking at the numbers, theres a reason these big players are jumping at this option.

Source: Bigstock and Subscription Insider

In a world of Uber and Lyft and the many other ridesharing and carpooling apps -- here is a list of eleven, for gosh sake -- it was inevitable that the big automotive companies would want to get in on the trend. The dam has burst at last, with four new services launching in the past nine months. And all four are subscription based. Hyundai launched its Ioniq Unlimited program last November. An electric-car-only option, it is limited to California. The ...

 

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