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The New Vehicle Efficiency Standard (NVES) is coming. Are you ready? These ambitious regulations will soon transform the automotive industry. Meeting NVES requirements presents a major challenge for OEMs, distributors, and dealers. But it also creates opportunities for innovation and leadership. Our latest whitepaper reveals strategic pathways for NVES compliance without compromising your business goals. This in-depth report unpacks how to optimize fleet composition, leverage car subscriptions, and align with future mobility trends. It provides a blueprint for using NVES as a springboard for sustainability, profitability, and competitive advantage. As your strategic partner, Loopit.co offers cutting-edge car subscription management tailored for the new era of mobility. Let's work together to ensure your business leads in sustainable mobility. Get the insights you need to meet regulations, drive profitability, and innovate for the future. Download the NVES compliance blueprint today. 👇 https://lnkd.in/gXQTK22g

Uber's shutdown of its Uber Carshare service in Australia signals the end of its experiment in peer-to-peer car sharing down under. Despite acquiring local start-up Car Next Door in 2022 for $105 million, Uber has pulled the pin on the business. The model relies on having a critical mass of both owners willing to rent out their cars and customers ready to use them. Achieving this balance has proven difficult, marred by inconsistent vehicle availability and quality. The big takeaway is that consumers want access to vehicles but with less hassle and more flexibility. This is where subscriptions shine. Rather than peer-to-peer models, subscriptions offer flexible access to cars from reputable providers. For established automotive players, this trend represents a major opportunity. Offering subscription options can meet rising demand from customers who: - Want to ditch ownership but still need a car - Seek more flexibility amid economic uncertainty - Desire hassle-free access to vehicles With consumers prioritizing convenience and direct access over car ownership, subscriptions eliminate the hassles of pre-planning and churn of peer-to-peer models. As consumer preferences evolve, car subscriptions present an opportunity to align with changing needs.

Excited to be growing my team at Loopit.co! If you are interested or know of any ambitious B2B sales people in your network you think could be a good fit - I'd love to be in touch!

At Loopit.co, we empower automotive businesses to seamlessly manage car subscriptions with our industry-leading platform. But we know that no two businesses are the same—that’s why we’ve integrated with top-tier solutions like Sumsub for KYC/AML verification, 700Credit for instant credit assessments, and Geotab for real-time fleet monitoring. These integrations help our customers: 🔍 Streamline user verification and onboarding 💳 Accelerate customer approvals with instant credit checks 🚗 Optimize fleet management with precise vehicle tracking 💸 Simplify payment processing with secure, multi-channel gateways like Stripe and Adyen Discover our full list of integrations and see how Loopit can transform your operations by leveraging the tools you already trust. https://lnkd.in/gdDETHam

Are electric vehicles stuck in the chasm? Electric vehicle sales have seemingly plateaued at around 18% of the global auto market. Coincidentally, early adopters make up about 16% of consumers according to the product adoption curve. Is this just a coincidence or is something bigger at play? The product adoption curve shows how new products diffuse through a population. First come the innovators at 2.5%, then the early adopters at 13.5%. Together they form the early market at 16%. After that comes the chasm, a gap between early adopters and the early majority. This mainstream market is when products truly take off. Yet EV sales are stuck at 18%, almost perfectly matching the early market adoption segment. Curious, isn't it? Once could be a coincidence, but recent polls reveal a pattern. Up to 37% of EV skeptics would reconsider if they could subscribe versus buy. The early majority is 34%. When you overlay these adoption curve percentages with EV sales and consumer polling, they align almost perfectly. Automakers can bridge the chasm by shifting from ownership to usership models. This will unlock the mainstream market and accelerate EV adoption. #carsubscription #electricvehicles #mobility

A recent poll by Yahoo News reveals that up to 37% of EV skeptics would change their mind about driving an electric vehicle if it were available on subscription. That's a significant portion of mainstream motorists who could potentially make the switch to EVs. The key is listening to consumer concerns and meeting them where they are - with flexible, affordable solutions. There's a huge opportunity here.

Despite the lingering hesitancy surrounding EV adoption among fleets following the Hertz fallout with Tesla, ride-share giants like Uber and Splend are forging ahead with bold new strategies. Their commitment is signaling a revival in the electric fleet sector, showcasing how alternative ownership models can help EV fleets thrive. Read all the headlines in the latest issue of the Loopit.co mobility newsletter below 👇

For years, automakers have been laser-focused on selling more and more electric vehicles. The real disruptor isn't just the powertrain, but the ownership model. The future of EVs depends less on raw sales, and more on changing consumer preferences. We're moving away from the idea of individual car ownership altogether. Just look at how Hollywood changed. The industry didn't disappear with the death of VHS. Instead, companies adapted to a new streaming model. In the same way, EVs won't reach mainstream acceptance simply by selling more units. The ownership experience itself needs to be reimagined. Car sharing services, subscription models, and seamless integration with other mobility options are key. The auto industry can't expect consumer preferences to remain static. The future is flexible access to transportation, not traditional ownership. EVs are just one part of the puzzle. We need to expand our notion of success, and adapt to new consumer demands. Raw sales figures will always be important. But if we want to accelerate EV adoption, we have to think beyond the showroom and redefine the entire experience of mobility.

We're excited to share Loopit.co’s newest integration partnership with 700Credit, simplifying credit checks for vehicle subscriptions, improving risk management and compliance without impacting customer credit scores. Explore the benefits 👇 https://lnkd.in/g98pNgAb #automotive #fintech

Another #AADA done and dusted! As always, it seems the automotive industry is at the forefront of innovation, with topics like electrification, legislation, digitisation, and shifting consumer preferences taking centre stage. At Loopit.co, we are bullish on the outsized role dealers will play in the evolving landscape of personalised, flexible and customer-centric mobility solutions. It was great to connect with industry leaders and explore the future of automotive together. Until next time!