What is car subscription?

Private: Q&AWhat is car subscription?
DigitalDealership Staff asked 1 year ago
I am interested to know how big the car subscription market is and what this means for established UK automotive businesses?
1 Answers
Andrew Mortimer answered 1 year ago
The market globally is deemed to be worth about $5b, with estimates from most top consultancies suggested anywhere between $40B and $100B by 2032.  Increasing numbers of consumers will likely migrate to car leasing as a preference over traditional car ownership, and those who want more flexibility will opt for subscription options.  The operating model for subscription is aligned with rental and lease companies, so they have an advantage.
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