Posts Tagged ‘automaker mobility programs’

Automakers Exploring Alternatives to Conventional Car-Buying Process

Ford paints one option with Canvas subscription service.

by on Feb.09, 2018

Ford's Canvas subscription service delivers a Mustang to a customer in California.

More than 17 million Americans drove off dealer lots with new vehicles last year, and the vast majority of them purchased their new cars, trucks and crossovers the same way motorists have for the past century.

There are alternatives, like leasing, but automakers are exploring even more radical options, some borrowed from the emerging world of online retailing. Ford, for one, said this week it is looking for ways to grow the subscription service, Canvas, that it launched a year ago. That subscription-based service might best be described as a hybrid blend of car buying and car rental, letting a motorist get a vehicle for as long as they want but then return it with just seven days’ notice.

The Last Word!

“As car ownership evolves, we see Canvas as part of our suite of products that address changing customer needs in mobility,” said Ford Credit Executive Vice President of Marketing David McClelland. “Canvas is building subscription products that are relevant to consumers today, and it’s building technology for the future, including billing and fleet management, with a nimble approach to product development.”

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