mcloudy.png
Tuesday October 15th, 2019 3:29PM

First Half of 2019 Indicates Increasing Popularity of Vehicle Subscription, According to Tech Company flexdrive

By The Associated Press

ATLANTA--(BUSINESS WIRE)--Jul 11, 2019--

The 2013 advent of vehicle subscription changed the landscape of the automotive industry and has now become a viable alternative to traditional purchasing and leasing models. In the first half of 2019 alone, vehicle subscription pioneer flexdrive signed 16 locations in 10 markets across the U.S. to its subscription platform. The company’s success of rapidly expanding into new markets demonstrates the growing popularity of a new culture of transportation, grounded in two growing consumer demands – convenience and flexibility.

Illinois-based Fields Auto Group has 44 locations across four states and is now offering flexdrive subscriptions to the greater Chicago area by way of its Mini location in Glencoe, IL. While the group has tested subscription in the past, Fields approached flexdrive due to the company’s experience and all-inclusive approach to pricing. The group plans to expand to additional rooftops by the end of 2019.

Atlanta Luxury Motors (ALM), with seven dealerships in Atlanta, GA, sought out flexdrive due to the company’s leading consulting capabilities, as well as its deep understanding of vehicle depreciation that enables dealers to pinpoint the most effective areas of recurring revenue.

Additional 2019 partnerships include Drive Now in Phoenix, AZ; Essence Maserati Alfa Romeo in Ft. Worth, TX; AmeriDrive in Atlanta, GA, and Austin, TX; Barry Automotive Group in Newport, RI; and Just Drive in Nashville, TN. Dealer group Ride N Drive will also be opening locations in Houston, TX, and Oklahoma City, OK, in the near future.

“We are thrilled to partner with these automotive power players to bring our subscription platform to the masses,” said flexdrive Senior Vice President of Strategic Development Stephane Ferri. “As the pioneer of this industry, it is exciting to see other large organizations entering the space because it proves how popular subscription has become among consumers. flexdrive is laser-focused on dealer partners and has built a platform that now includes technology, fleet management, insurance and finance – all while focusing on the minimization of operational burden to the dealers. We are dedicated to adding the right partners to our dealer portfolio, knowing they are an invaluable asset to help us not only improve our product, but also to continue this great momentum we’ve started in 2019.”

flexdrive launched in 2013 with a mission of creating an alternative to traditional car buying and leasing. The company’s technology platform and services enable fleet owners and car dealerships to offer inventory for subscription to consumers in their market, as well as internationally. Data provided through the platform gives car subscription operators the insights needed to run and maintain a financially profitable and successful subscription program. flexdrive also offers a consumer marketplace to dealers, where consumers can subscribe to a car directly from their mobile phone, taking the friction out of the car-buying process. With flexdrive, businesses and consumers alike can “go their own way” with subscriptions and take advantage of a new era of mobility. The company is a joint venture between market leader and . To learn more, visit , the app or visit the company’s social platforms: , , and .

View source version on businesswire.com:

CONTACT: Melissa Corey, flexdrive

melissa@flexdrive.com, (470) 225-3658

KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS GEORGIA

INDUSTRY KEYWORD: TECHNOLOGY MOBILE/WIRELESS AUTOMOTIVE GENERAL AUTOMOTIVE PERFORMANCE & SPECIAL INTEREST DATA MANAGEMENT FLEET MANAGEMENT

SOURCE: flexdrive

Copyright Business Wire 2019.

PUB: 07/11/2019 09:11 AM/DISC: 07/11/2019 09:11 AM

http://www.businesswire.com/news/home/20190711005452/en

  • Associated Categories: Associated Press (AP), AP Business, AP Online - Georgia News, AP Business Wire - Georgia
© Copyright 2019 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Jim Bouton, ex-Yankees pitcher and 'Ball Four' author, dies
Jim Bouton, former New York Yankees pitcher who shocked and angered the conservative baseball world with the tell-all book 'Ball Four,' dies at 80
9:19AM ( 10 minutes ago )
Trump to announce new action at census news conference
Trump expected to announce new executive action during news conference on the 2020 census and his push to include a citizenship question
9:16AM ( 13 minutes ago )
Alex Morgan, US women's soccer team honored at The ESPYS
Alex Morgan wins female athlete of the year and U.S. women's soccer wins best team award at The ESPYS
9:01AM ( 28 minutes ago )
Associated Press (AP)
Train collision in Pakistan kills 20
A passenger train has rammed into a freight train in southern Pakistan, killing 20 people and injuring 74 others
8:33AM ( 57 minutes ago )
US consumer prices tick up just 0.1% as inflation stays tame
US consumer prices tick up 0.1% in June in latest sign that inflation remains tame
8:32AM ( 57 minutes ago )
Trump lashes out on Twitter ahead of social media 'summit'
President Donald Trump is on a Twitter tirade ahead of a White House 'Social Media Summit,' a gathering of mostly conservative groups
8:32AM ( 58 minutes ago )
AP Business
NBA's Silver says changes to rules on draft trades possible
NBA Commissioner Adam Silver says changes to draft-trade rules may be coming
11:32AM ( 21 hours ago )
Silver says changes to rules on draft trades possible
NBA Commissioner Adam Silver says changes to draft-trade rules may be coming
2:33AM ( 1 day ago )
Witt Jr., Lynch win national prep athletes of year
Pitcher Bobby Witt Jr., son of former major league pitcher Bobby Witt, and softball pitcher Kelley Lynch have been honored as national prep athletes of the year
1:33AM ( 1 day ago )
AP Online - Georgia News
AP Business Wire - Georgia
Jim Bouton, ex-Yankees pitcher and 'Ball Four' author, dies
Jim Bouton, former New York Yankees pitcher who shocked and angered the conservative baseball world with the tell-all book 'Ball Four,' dies at 80
9:19AM ( 10 minutes ago )
Trump to announce new action at census news conference
Trump expected to announce new executive action during news conference on the 2020 census and his push to include a citizenship question
9:16AM ( 13 minutes ago )
Alex Morgan, US women's soccer team honored at The ESPYS
Alex Morgan wins female athlete of the year and U.S. women's soccer wins best team award at The ESPYS
9:01AM ( 28 minutes ago )
Britain says Iranian vessels tried to block tanker in Gulf
The British navy says it has prevented three Iranian paramilitary vessels from impeding the passage of a British oil tanker in the Strait of Hormuz, a day after Iran's president warned of repercussions for the seizure of its own supertanker
9:01AM ( 28 minutes ago )
UK Labour Party in turmoil over new anti-Semitism claims
Britain's main opposition Labour Party in turmoil after a television documentary renewed allegations that anti-Semitism is rife in its ranks
8:58AM ( 31 minutes ago )