Editor of Broker News, Ralph Morton, is to moderate a discussion on subscription models at MOVE 2022 event
CAZOO has completed the purchase of SMH Fleet Solutions in a deal worth around £70 million. The acquisition is the latest to be completed in a considerable expansion drive from the online car retail specialist, which includes a new subscription service for new cars. Doubling Cazoo’s logistics division with the addition of 11 new sites, the deal looks set to dramatically expand…
THERE’S another new competitor offering flexible leasing on a subscription style basis that has just launched. It’s called SOGO. SOGO is backed by dealer group Cambria Automobiles plc and is headed by experienced automotive executive Karl Howkins, who includes head of fleet at Vauxhall and managing director of Citroen on his CV. While details are still vague, SOGO says it will launch…
JLR’s subscription service, Carpe, has been rebranded Pivotal as the OEM attempts to provide a more flexible Mobility-as-a-Service (MaaS) offering. Whereas Carpe offered subscribers a 12-month unlimited mileage single-payment subscription to a Jaguar or Land Rover model with no deposit, Pivotal now offers greater convenience with a 90 day minimum term, flexibility of payments and vehicle on a month-by-month basis. However, Pivotal…