26 Sep '17, 1pm

News: Car subscription services to take 1 of 5 sales by 2023, Volvo CEO says

The 2019 Volvo XC40 not only represents the Swedish brand's first compact crossover to be sold in the U.S. but its first shot at a new model for drivers to obtain cars: a subscription service. During the XC40 launch, Volvo revealed it would introduce Care by Volvo, a subscription service giving access to the compact crossover. For a flat monthly fee, those who enroll will receive an XC40 for an unspecified duration, along with a mix of services—full concierge availability, maintenance, regular cleaning, pickup delivery, and even package delivery to the vehicle—that varies by location. DON'T MISS: 2019 Volvo XC40 allows your friend or family to borrow the car without a key Volvo is counting on the service to become an integral part of its business; its CEO believes one of every five vehicles delivered by the brand will come via a subscription service by 2023. Its CEO, Håkan...

Full article: http://www.greencarreports.com/news/1112888_car-subscript...

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