Cox Automotive Acquires Clutch Technologies

[joe.pistell]

Cox---> <---Dealers

ATLANTA, August 13, 2018 – Cox Automotive is bringing together its investments and solutions supporting the future of mobility with the formation of a new business division: Mobility Solutions Group. For years, Cox Automotive has been investing in technology and services that position the organization to deliver advanced fleet management solutions and support evolving consumer mobility. The new business division, which is focused in part on mobility as a service, will house these solutions and investments, as well as newly-acquired Clutch Technologies, a technology platform powering subscription access for the automotive industry.
https://www.coxautoinc.com/news/mobility-solutions-group/

http://www.driveclutch.com/

 

[joe.pistell]

@kevinfrye thoughts?

 

[craigh]

@kevinfrye thoughts?

This is exactly where my head was at, as I believe Clutch powers their subscription service.
I hope this works out, I do think that model can have a real foothold among the more traditional vehicle acquisition models.

 

[Alex Snyder]

Cox---> <---Dealers

I love your use of smilies here

Here's what Dale Pollak said in regards to this "acquisition."

 

[mikesayre]

I hope this works out, I do think that model can have a real foothold among the more traditional vehicle acquisition models.

It would be a strong option to the sales process now, ability to be streamlined, automated as much as possible, advantages to inventory management and OEM production. As a consumer, I'd love to be able to drive several types of vehicles. I wonder what the sales penetration is currently for the dealers doing this?

 

[Alexander Lau]

I love your use of smilies here

Here's what Dale Pollak said in regards to this "acquisition."

View attachment 3808

If that's the case, they just cultivated it along. Not exactly the same, but it reminds me of CarCode and Edmunds at their Hackomotive, which they have killed http://www.hackomotive.com.

https://dealers.edmunds.com/carcode or https://www.carcode.com/login
https://www.edmunds.com/about/press...at-edmundscoms-second-annual-hackomotive.html

 

[craigh]

It would be a strong option to the sales process now, ability to be streamlined, automated as much as possible, advantages to inventory management and OEM production. As a consumer, I'd love to be able to drive several types of vehicles. I wonder what the sales penetration is currently for the dealers doing this?

They'll also be up against a few other concepts, such as Maven's car sharing platform:
https://www.maven.com/us/

 

[Alexander Lau]

amazon(dot)com/Subscribed-Subscription-Model-Companys-Future/dp/0525536469

https://www.zuora.com/

https://forum.dealerrefresh.com/threads/must-reads.4476/page-3

 

[Cullen C]

They'll also be up against a few other concepts, such as Maven's car sharing platform:
https://www.maven.com/us/

Clutch already powers most of the OEM subscription models as well as dealers in 25 or so states. It is a very crowded space, including another Cox backed entity Flexdrive.

 

[mikesayre]

They'll also be up against a few other concepts, such as Maven's car sharing platform:
https://www.maven.com/us/

That's a slick model! Like a DIY uber.