RideConnect to Merge Rideshare, Carshare With New Model

  • Emma Sandler
  • April 20, 2017
In a shared-use transportation market that is becoming increasingly saturated with startups, RideConnect is taking a new approach. The rideshare broker looks to offer a hybrid model, combining peer-to-peer carsharing and ridesharing into one offering this fall, Mobility Buzz has learned. This hybrid model will allow car owners to temporarily loan their car out to another person — the same way […]

Subvention in Jeopardy as Carshare Signals ‘Subscription’ Financing

  • Natalie Mattila
  • April 19, 2017
Financial incentives have been one of the most powerful tools for manufacturers to boost sales and finance volume for years, and in the past, OEMs have relied heavily on their captive finance arms to help make these promotions happen. That might end soon. “You will see OEMs that will say, ‘Hey, if you stay with […]

Lenders to Retool Finance Models, Experts Say

  • Natalie Mattila
  • April 18, 2017
Financial institutions will need to rework their business models to remain relevant in a sector that is evolving away from traditional car ownership toward a more shared economy and autonomous future, panelists said at the Empire State of Mobility conference in New York City yesterday. “From a financial services perspective, obviously the whole model of […]

Carmaker Lynk & Co. to Offer On-Demand Subscription Model

  • Emma Sandler
  • April 18, 2017
In preparation for the Shanghai Motor Show this week, carmaker Lynk & Co. previewed its 03 Concept car, through which it plans to offer a pay-as-you-go subscription model. The company also declared its ambition to immediately enter the carsharing market. As a new car brand, Lynk & Co. is poised to show itself as the part of […]

EV Automaker Partners With Zoomcar to Help Buyers Offset Loan Payments

  • Natalie Mattila
  • April 12, 2017
Mahindra Electric teamed up with peer-to-peer car-rental company Zoomcar in India, in an effort to help consumers offset monthly loan payments on Mahindra’s e2oPlus all-electric cars. Through the partnership, individuals can purchase the Mahindra e2oPlus on ZAP, Zoomcar’s car ownership program. ZAP allows consumers to then list the vehicle — whenever idle or available — […]
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