Clutch Technologies Expands Single Vehicle Subscription Product Nationwide
Auto industry can now manage one subscription fleet serving a diverse range of consumer driving needs
ATLANTA, Oct. 31, 2018 /PRNewswire/ -- Even more flexibility is being added to the auto industry's leading car subscription technology platform. Clutch Technologies (www.driveclutch.com) today announced the nationwide expansion of its Single Vehicle Subscription product, enabling the automotive industry to operate multiple subscription models from a single, proven technology platform.
This 'one car, one member' subscription solution provides even more flexibility and consumer choice, while offering dealers and OEMs the same tremendous service supported by the Clutch technology platform, including automated workflow, physical routing of staff and vehicles, enterprise-grade billing and payments, and asset optimization using market data and sophisticated algorithms.
Providers will control the design of their Clutch Single Vehicle Subscription offerings because the product can be configured in a variety of ways, including:
- Single VIN or single make-model
- New or used vehicles
- Offerings suitable for high-end, mass or subprime consumers
- Customized membership options, including month-to-month or fixed term
"Clutch's mission is to organize and optimize consumer transportation across a variety of different models," said Vince Zappa, President of Clutch Technologies. "As the leader in the car subscription space, Clutch is providing the automotive industry with a way to operate a diverse product portfolio levering one fleet of vehicles that meet a variety of consumer needs. Our single vehicle solution increases vehicle utilization and fleet optimization for a larger section of the market."
The Clutch Single Vehicle Subscription product leverages the same proprietary Clutch Technologies platform used today by more than 40 customers representing almost 400 stores in 27 states across the country. Existing customers will have the ability to offer the new product immediately while new customers are expected to adopt Single Vehicle Subscriptions as part of their launch offerings.
Flow Automotive's Drive Flow subscription program based in Winston Salem, N.C., implemented the single car subscription model with Clutch earlier this year. Integrated within its existing Clutch-powered platform, this new offering was quickly turned on with little to no changes to the dealer's daily operations, but with significant benefits, such as the increased utilization of Flow Automotive's combined fleet.
"At Drive Flow, we believe your car should match your life," said Eric Flow, President of Drive Flow. "As we grew our subscription business, we learned some of our members loved the multi-car subscription product, but for a variety of reasons wanted to be in a specific vehicle. We shared these needs with Clutch and the demand for a single vehicle subscription product. This new product from Clutch has allowed us to leverage our fleet to serve a diverse group of members with different driving needs. Based on the tremendous success we've experienced with Clutch and their revolutionary platform, single car and multi-car are just the beginning of the different subscription products we plan to offer our members."
For more information on Clutch's product portfolio, including Single Car Vehicle Subscription, visit www.driveclutch.com.
About Clutch Technologies
Clutch Technologies provides a software platform that lets the automotive industry build and manage vehicle subscription businesses. Leveraging the Clutch platform, dealers and OEMs can turn subscribers into lifelong customers by matching the right vehicle to the right customer every time, while also maintaining an efficient ratio of vehicles to subscribers. Clutch is powering subscription for dealers and OEMs in 27 states around the country. The company is a wholly owned subsidiary of Cox Automotive. Learn more about Clutch at www.driveclutch.com.
SOURCE Clutch Technologies
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