Why Car Subscription?
Car Subscription is the single fastest growing trend within the automotive industry. At Wagonex Technologies, we help you successfully launch your own subscription offering using our unique tech platform.
How it Works
The Automotive Industry is constantly evolving, Wagonex Technologies will help keep you in front
The automotive industry has never been more competitive. Customers have more options than ever, and it's core to our mission to enable dealerships and retailers to be the leaders of a new frontier.
Our solution doesn’t just give you a path to be a market leader in car subscriptions, but also in online sales. Online sales have rocketed in popularity, with Peugeot announcing their online sales have doubled during 2021 and will become the preferred way for people to decide on, and secure their next car.
When we first started working with one of our partners, mycardirect, they needed help building an online sales process, and wanted access to the new subscription market.
We launched an e-commerce platform for their fleet of subscription cars, unlocking monthly recurring revenue with subscriptions, and boosting them to become a market leader.
Key Industry Statistics
We are the pioneers of Car Subscription within the UK, being the first company to offer them.
We've translated this experience into our white label solutions, and work with some of the biggest names in the automotive industry.
Big manufacturers are getting involved, including Care by Volvo, Pivotal by Jaguar Land Rover, and Autonomy from Tesla.
- 1 in 10 consumers don’t think they’ll ever visit a retailer again.
- Volvo’s subscription offering currently represents almost 15% of new car retail business for Volvo UK.
- Care by Volvo have announced 91% of subscribers are new to the Volvo brand.
- Consumer interest in Car Subscriptions increased by over 400% in 2021.
Consumers are flocking to a brand new way to access cars
Car subscriptions provide the customer with an alternative to leasing and buying that gives them flexibility on what car they drive, and how long they drive it. Before Wagonex, there wasn't an affordable way for customers to drive a car on a month-by-month basis.
Wagonex Technologies made the process of ordering a car and it arriving at your door completely seamless, and that's the same from the dealership side as well. Our automated online checkout was built to be easier for the dealer.
Processing orders is as simple as a single click. Compare that with the hours your customers and employees take getting that same purchase over the line in the physical dealership.