Changing customer preferences, among them the waning curiosity in proudly owning physical merchandise, have been accelerating the shift to subscription-based choices past software program and digital companies. In addition, the COVID-19 pandemic drove many urban residents and commuters away from public transit and shared mobility modes to hunt the protection of personal autos. Through our research, we’ve discovered a few necessary misconceptions about automobile subscriptions that each current and would-be industry individuals should keep in mind. Most leases require a minimal two- to four-year contract and impose stiff penalties for canceling. However, full-service (or “all-inclusive leases”), extra widespread in certain European markets, cover every thing but gasoline. They are primarily subscriptions, only with an extended minimal period.
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General Motors, hit exhausting by temporary plant closures last quarter, expressed some optimism, though. Steve Carlisle, president of GM North America, mentioned …
