New Invers Mobility Barometer identifies five top trends in the European car subscription market
In the first edition of the Invers Mobility Barometer on “European Car Subscription”, market researchers from Invers took a closer look at the European car subscription market and identified the following trends:
(1) Car subscription adds flexibility to the new mobility space
(2) Car subscription drives digitization within the traditional car trade market
(3) Car subscription accelerates the trend towards EVs
(4) Car subscription providers are increasingly asking for vehicle data
(5) New entrants from other mobility segments into the car subscription space
Siegen, August 30th, 2022 – Invers will present its first edition of the Mobility Barometer on car subscription in a webinar today at 4pm. Around 100,000 to 130,000 car subscription contracts were signed across France, Germany, Italy, Spain and the UK just in 2020, as estimated by industry experts Berylls in their study “Snapshot of the European Auto Subscription Market”. According to the same report, the CAR Institute predicts that this number will increase between two to four million by 2030. A new market segment with significant growth potential is emerging. In the Mobility Barometer, the Invers sharing technology experts plan to analyze current developments within the mobility industry and have chosen car subscription as the topic of their first edition. “For several months now, we have been working with partners on projects in which we digitize vehicles for subscription offers,” says Bharath Devanathan, CBO at Invers. “The business model is moving the whole market, driving innovative ideas for leveraging vehicle data and bringing different market players and new collaboration concepts to the table.”
In the first part, the Invers Mobility Barometer provides an overview of the current state of the market by curating and summarize existing analyses on the European car subscription market from other relevant studies. These include publications by Deloitte, Faaren and Berylls, among others. In the second part of the Barometer, eight key market players from across Europe have their say: interviewees Max-Josef Meier, CEO of FINN, Konstantin Stenzel, CMO at Faaren, Hans Kristian Aas and Jordan Symonds from imove, Dr Max Kury, CEO at aboDeinauto, Mathias Albert, CEO of ViveLaCar, Antonis Samothrakis, Co-CEO of Instacar and Sandrine Ploog, Head of Operations at Carify share their experiences, insights and forecasts. The concluding report segment ‘data playground’, pointedly compiles facts and figures on the car subscription market – the results of a comprehensive desktop research. With the Barometer, Invers as a provider of sharing technology wants to offer its readers a solid orientation in a dynamic mobility market and encourage further exchange.
The Invers Mobility Barometer is available for download here.
Invers, inventor of automated vehicle sharing, enables mobility service providers to launch, operate and scale their offerings with integrated hardware and software solutions specifically designed for developers of shared mobility services. As the world’s first shared mobility technology company, Invers is developing and reliably maintaining the fundamental building blocks at scale to offer its customers cost-efficient and easily implementable tech solutions.
The company acts as an independent and reliable partner for operators of services such as car sharing, scooter sharing, ride pooling and car rental with the vision to make the use of shared vehicles more convenient and affordable than ownership. Customers include Share Now, Clevershuttle, Miles, imove, Carify, Getaround, Flinkster, TIER, Bounce and Emmy. The company was founded in 1993 and has locations in Siegen, Cologne and Vancouver. The development takes place entirely in Germany.