Introduction to document
More consumers are choosing to use vehicles as and when they need them as opposed to owning them outright. The trend is enabled by technology but is accelerating due to societal changes that both preceed and are resulting from the pandemic. The definition of ownership is also being redefined, enabled by ever-evolving finance, lease and rental models. Manufacturers, fleets and retailers are wrestling with the opportunity to offer subscription-based, flexible ownership and multi-user products, but one size does not fit all.
Download our free definition document to understand more about this trend and its influence on the automotive sector.
Areas of focus
At Cox Automotive, we are focused on several key areas within this trend:
- Changing attitudes towards car ownership and the rise of flexible access and car-sharing business models
- Developing the used market for vehicles which have had a non-traditional service life
- Keeping assets moving and reducing downtime between users
- Handling, inspecting, storing and maintaining vehicles through multiple users
- Supporting new-form mobility providers with software and services
What you'll get from this document
Download the full definition document to access further information and context on this trend, including:
- What do we mean by mobility?
- What do we mean by ownership models?
- Linked micro trends and areas of focus
- What does this mean in practice?
- Resources and further reading