2021
Global Car Subscription & New Mobility Report

In this report, Loopit explores the emerging demand for short-term mobility with maximum flexibility. As the world's leading platform for car subscription provider, Loopit can offer unique insights into how the automotive industry is making the transformation toward flexible ownership options and how consumers are driving this change.

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What is covered in the Loopit mobility report?

The transition to new mobility options is being accelerated.

The way we move is changing

According to the new research, 68 per cent of young people would consider subscribing to their next car, compared to just 46 per cent of older respondents.

Consumers driving the shift to subscription-based services

The idea of access over ownership is becoming the norm across a number of industries including food, entertainment and music through companies such as Spotify, Netflix and HelloFresh.

Subscription means treating your car more like your phone

New research reveals a surprising link between how often people upgrade their phone and their attitude towards car ownership.

Car subscription for the new automotive retail

Car subscription has been seen by some as a threat to car dealerships, with several industry pundits predicting that dealerships are on the way out. It’s true that car sales have been in decline over the last couple of years, however this is unrelated to the proliferation of car subscription.

What next for car subscription?

Tomorrow and beyond. Loopit predictions for the future of car subscription.

Car ownership in a post-COVID world

The emergence of the COVID-19 pandemic in 2020 dramatically shifted the world towards flexibility, with Zenith’s UK’s latest consumer trends report showing the demand for higher levels of flexibility from brands than ever before - this means consumers will now expect free cancellations, easier returns processes, short-term contracts, the ability to pause subscriptions and more.

How car subsription will reap the rewards of the electric vehicle boom

Research shows a strong link between EVs and car subscription, with the majority (77%) of future EV adopters preferring to subscribe to one rather than buy one.

Contributors

Michael Higgins

Michael Higgins

Co-Founder
michael.higgins@loopit.co

LinkedIn
Paul Higgins

Paul Higgins

Co-Founder
paul.higgins@loopit.co

LinkedIn
Jeremy Gupta

Jeremy Gupta

COO
jeremy.gupta@loopit.co

LinkedIn
George Skentzos

George Skentzos

Head of CX
george.skentzos@loopit.co

LinkedIn

Big Or Small, Loopit grows with your ambitions

Loopit is the technology between car subscription and your fleet potential.