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Cox Automotive Acquires Clutch Technologies

joe.pistell

Uncle Joe
Apr 7, 2009
4,007
1,538
First Name
Joe
Cox---> :duel: <---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/
 
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mikesayre

3rd Base Coach
Jul 11, 2009
120
113
First Name
Mike
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

Under the Bridge
Feb 11, 2015
2,432
754
First Name
Alex

craigh

Super Moderator
May 19, 2011
1,674
1,139
First Name
Craig
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/