Porsche has launched a subscription service for its cars in the US that allows drivers access to up to 22 different models. The smartphone app-based scheme, called Porsche Passport, is initially being launched in Atlanta, Georgia. Monthly subscription costs $2000 (£1516) for the entry-level Launch package, which provides access to eight models, including the 718 Boxster, 718 Cayman, Cayenne and Macan S. By comparison, 10,000 mile per year PCP on a Porsche 718 Boxster is £481, with a deposit of £10,800 and final purchase payment of £22,901. The $3000 (£2274) Accelerate package increases the availability to 22 models, including the 911 Carrera S, Cayenne S E-Hybrid, Macan GTS and Panamera 4S. Included in the price are road tax and registration, insurance and maintenance. A $500 (£379) joining fee is also charged. The cars can be delivered or picked up by the subscriber, with same-day pick-ups or future arrangements … [Read more...] about Porsche launches car subscription service in the US
Car subscription service
Volvo’s new car subscription service will account for a fifth of its volume in five years’ time, boss Håkan Samuelsson has said. Volvo has launched this model of car ownership in response to the changing habits of the public, in which subscription services, for example for mobile phones and TV streaming, are increasingly popular. Volvo to supply 24,000 self-driving XC90s to Uber Called Care for Volvo and launching on the new XC40 compact SUV, the subscription service includes insurance, taxes, maintenance and roadside assistance. Volvo XC40 review It also includes wi-fi access and a concierge service. Over time, more services will be added. For example, Samuelsson said that next year, food shopping will be able to be delivered to the car. Comment: Volvo leads the way, for now In the UK, the subscription costs £629 per month for the XC40 models available from launch, but will extend to other models over time. There is no deposit … [Read more...] about Car subscriptions will take 20% of sales in five years, says Volvo boss
The Eindhoven University of Technology in The Netherlands has created the Storm Pulse electric touring motorcycle. Its 28.5-kWh modular battery pack provides 236 miles of riding on a single charge. The batteries can be charged on a standard household outlet, and can be swapped out in a matter of minutes. The Storm Eindhoven team is raising money to take the prototype bike on a world tour this summer, covering 40,000 kilometers (24,855 miles) in 80 days, not just to show off the Pulse, but also to demonstrate the feasibility of electric mobility. Check it out in the video above, and read more at Technologic Vehicles.Chile is generating so much solar power that it is giving it away for free. Thanks to its well-developed solar infrastructure – which includes 29 solar farms with 15 more in the works – feeding its central grid (as well as problems distributing it to other parts of the country), the surplus means energy prices have dropped to zero in certain locales for well over … [Read more...] about Recharge Wrap-up: Storm Pulse EV touring motorcycle, Elio COO launches YoYo car subscription service
Volvo made waves at the LA Auto Show by launching its new Care by Volvo subscription service, an all-inclusive alternative to conventional leasing that covers insurance, routine maintenance and service for a flat monthly fee starting at $600. It's similar to subscription services already offered by Cadillac and Porsche, though at a significantly lower price than both. And with its nationwide rollout, it's more comprehensive than the pilot program Lincoln plans to launch in parts of California next year.We spoke to Volvo officials to find out how the subscription program would work, how it differs from standard, conventional auto leasing, and what the advantages and disadvantages are. How exactly will the subscription service work? Volvo is using the 2019 XC40, its new compact crossover, as the first vehicle offered under the program, and in two models: the T5 Momentum, which starts at $600 per month, and the T5 R Design, which starts at $700. Customers can go to Volvo's website to … [Read more...] about How does Volvo’s new subscription service compare with traditional leasing?
A program that offers Caddys without commitment has expanded to the Dallas and Los Angeles areas, effective today (Monday, November 13). Book by Cadillac, a mobile-app-based subscription service that lets members swap the General Motors luxury cars for a monthly fee, launched in New York last February, and there have since been more than 7000 people on a waiting list for the program, Melody Lee, global director for Book by Cadillac, told Car and Driver. “What we found was that people were signing up for the program from all across the United States,” she said.There have even been applicants from Dubai, China, and Australia, she said. Some of the highest interest had been coming from the Dallas and Los Angeles areas. That, along with their established “car cultures,” made those cities logical next steps for expansion, she said. Lee declined to give the number of applicants at which Cadillac is capping the program in each market, citing competitive reasons. But … [Read more...] about Caddys of Conquest: Book by Cadillac Subscription Service Expands to Dallas and L.A.
Since its launch in the Big Apple earlier this year, the BOOK by Cadillac car-subscription service has allowed customers in New York City to get behind the wheel of a Cadillac without signing the note on one of The General’s top-flight vehicles. The project has proven to be enough of a success that Cadillac is now launching the product in two additional markets: Dallas and L.A. Total driving mileage is limited to 2,000 miles per month, per account. This scuppers any plans members may have of relying on the service for long-distance journeys. Members will have access to 2017 and 2018 model-year Cadillacs equipped in fancy-pants Platinum and Premium trims. Two SUVs are available, the XT5 and Escalade, along with a brace of CT6 sedans in the form of a gas-powered and plug-in hybrid unit. Speed freaks can opt for the ATS-V or CTS-V. Placing the CT6 in the fleet ensures more cars equipped with Super Cruise will soon be plying our roads. To the deep dismay of our Associate Editor, … [Read more...] about Cadillac Expands Its Subscription Service to New Markets
Volvo Cars is rolling out a subscription service that allows access to vehicles for a monthly fee. It’s a growing trend among luxury brands. Book by Cadillac is the first service to spring to mind but brands like Porsche and Ford have introduced regional pilot programs offering roughly the same thing. Volvo’s subscription service is not a trial run, however. It’s the full enchilada.For $600 a month, Care by Volvo is offering access to its new XC40 — the new compact SUV that just started production in Belgium this month. Here’s how it works: Volvo customers choose a car online and make a monthly payment that covers insurance, service, and maintenance. The subscription last 24 months but, during that time, customers will be given the opportunity to change cars and sign up for a new 24-month subscription as early as a year into the existing agreement.It’s an interesting alternative to leasing and a lot of outlets have praised the service … [Read more...] about Deal or No Deal: Volvo XC40 Subscription Service Starts at $600 Per Month
Automakers are throwing everything they currently have at the wall to see what sticks. The concept of “mobility” is now so broad that it encompasses automation, electrification, vehicle connectivity, alternative modes of transportation, driving aids, ride-sharing, ride-hailing, and even subscription services — and plenty of companies are giving them all a shot.Last week, we talked about Volvo’s new car subscription service. Most of us had difficulties rationalizing the price based on how the product is being offered. A lot of companies are testing those waters right now, especially luxury brands. Lincoln recently launched a subscription initiative that is extremely similar to Cadillac’s, and Porsche has been buzzing about its own “Passport” service. However, mainstream brands like Ford and Hyundai are also trying their hand — albeit very differently. For the premium brands, the concept is to provide customers with a … [Read more...] about Are Car Subscription Services Going to Become the New Normal?
In cities where owning a car can be a pain (New York, Boston, Seattle), drivers are opting instead to share vehicles with other drivers, with companies such as ZipCar, Car2Go, RelayRides et al offering their services to help the public get around. All anyone needs beyond the basics is a subscription to the car-sharing service, a reservation, and a drop-off location when they are finished with their errands. Even big-name rental car companies like Enterprise and Hertz are jumping into the new business model for a test drive, Avis having gone the farthest by purchasing ZipCar in January of 2013.However, the insurance offered by these peer-to-peer rental companies might not all that it’s cracked up to be, with severe consequences should anything remotely catastrophic occur.Forbes illustrates the problem with the liability insurance offered to subscribers of car-sharing services: An accident that left one driver dead and four others injured in Boston back in early 2012 led to a … [Read more...] about Peer-to-peer car sharing services found lacking in substantial liability coverage
Yoyo believes, like other mobility disruptors, that the traditional automobile acquisition and ownership experience is broken. It maintains that the majority of consumers can be provided with more flexible, efficient, lower-cost alternatives to the incumbent model of personal mobility. However, the prevailing two-step distribution system is entrenched and the insurance, maintenance, parking, and other segments of the $2 trillion extended auto industry are not incentivized to embrace change.Will Yoyo’s pay-per-mile subscription model participate in disrupting the calcified status quo? WHAT’S WRONG WITH THE STATUS QUOI love driving. I love having a car that’s mine, ready whenever I want, with my stuff in it. And I love that I can modify it however I like. There are exactly zero alternatives to the status quo that efficiently address my needs. And I understand that much like a golfer, wine enthusiast, or travel addict, I pay a premium for my passion. But … [Read more...] about Can Yoyo, a Pay-Per-Mile Car Subscription, Shake up the Mobility Landscape?