Ford Motor Co. is curbing production of its F-150 pickup truck—the company's biggest moneymaker—due to a shortage of semiconductors, as the global supply constraints for computer chips permeates deeper into the car business.
Just a few years ago, car subscriptions looked like the next sure thing. Picking up on consumers’ comfort with paying monthly for the likes of streaming services or phones, many
California: Plug-Ins Capture Over 8% Of The Market In 2020
Feb 06, 2021 at 9:01am ET ++ Three all-electric car models are on the top of their categories in California.
In 2020, the overall light-vehicle sales in California amounted to 1,639,166 units, which is 21.7% less than in 2019. The decline is noticeably deeper than in the U.S. (by 14.4% to 14,645,049).
According to the California New Car Dealers Association (CNCDA), plug-in car sales also decreased, but not as much, which means higher market share.
In total, some
down 16.5% year-over-year). That s about
8.1% share.
If we check the details, it turns out also that the plug-in hybrids are shrinking quickly. More than a 40% drop is huge, especially since there are more models available and often those are models with better specs.
Edmunds: Whatever happened to car subscription services?
Will Kaufman
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In this Nov. 15, 2020 photo, a long row of unsold 2020 GLB250 sports-utiity vehicles sits at a Mercedes Benz dealership in Littleton, Colo. The brand is the among many that have shut down their subscription services. (AP Photo/David Zalubowski) (Copyright 2020 The Associated Press. All rights reserved.)
Just a few years ago, car subscriptions looked like the next sure thing. Picking up on consumers’ comfort with paying monthly for the likes of streaming services or phones, many automakers introduced programs that allowed people to get a new car and a variety of perks for a monthly fee. As an alternative to buying or leasing, these programs seemed intriguing. But as of 2021, BMW, Genesis, Mercedes-Benz, Nissan and, most recently, Audi have all shuttered their nascent subscription offerings.
Just a few years ago, car subscriptions looked like the next sure thing. Picking up on consumers’ comfort with paying monthly for the likes of streaming services or phones, many automakers introduced programs that allowed people to get a new car and a variety of perks for a monthly fee. As an alternative to buying or leasing, these programs seemed intriguing. But as of 2021, BMW, Genesis, Mercedes-Benz, Nissan and, most recently, Audi have all shuttered their nascent subscription offerings.
So why haven t subscriptions caught on, and which services are still out there?
WHY AREN’T SUBSCRIPTIONS MORE POPULAR?
Depending on your driving needs, a subscription could save you money compared to leasing. Plus there are the perks of ongoing access to the latest models, the ability to switch cars frequently, and the convenience of app-based shopping. So why aren’t more people using them?