AM Online recently published a fascinating article stating that over 9 million UK motorists could be ready to switch to car subscriptions. This is after vehicle subscription provider Wagonex carried out a representative study of 2,000 people.
We really enjoyed the article and found it gave an insight into the future of car subscriptions in the automotive industry. We have provided an external link to the article below (we do not have responsibility for any of the content on external third-party websites).
Highlights of the article
We thought we would provide some of the sections of text that we found most interesting in the article and see if you could be one of the 9 million motorists looking at subscribing to their next car.
"up to 9.2 million would consider the mobility solution due to its flexibility"
One of the huge selling points of a car subscription is the flexibility factor of this type of finance agreement, many of the major companies offer vehicles with just 1-month commitment, but by signing up to 60 days or 90 days, you could get a better price.
"Google searches for ‘car subscriptions’ peaking in February 2023"
Since we launched car-subscriptions.co.uk, we have noticed a massive rise in visitors to our website, we publicise these on our Advertising page for all to see.
"Some car retail sector experts predict subscriptions could take over from PCPs"
Whilst PCP’s remain popular, with unstable used car markets due to government bans on Diesel and Petrol vehicles and the recent drop in residual values on electric cars, car subscriptions remain a stable platform to run a flexible car without the worries of selling or part exchanging the vehicles at a later date or when circumstances change.
Many of the vehicle subscription providers on our platform have reported increases in their demand for cars, this will only set to continue as this scheme becomes more mainstream.
Read the Article
If you would like to learn more about car subscriptions and how they can help you, we can highly recommend taking a read of the many articles within our blog section.