A vehicle subscription allows customers to use one or more cars for a monthly charge. Some vehicle subscriptions allow subscribers to exchange vehicles during the subscription time, while others offer insurance and maintenance. A car subscription is an alternative to buying or leasing, according to industry observers. The subscription service owns the automobile, unlike buying one. Vehicle hire necessitates booking automobiles for specified dates or journeys.
The 2021 global vehicle subscription market was USD 2,922 million. It is projected to reach USD 33,542 million at a 31.8% CAGR (2022–203
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