Loopit.co

🎉 What a year it's been for Loopit.co! From launching in the US to achieving some incredible milestones, 2024 was a year of growth, innovation, and partnerships. Check out our Loopit Wrapped for the highlights—and a big thank you to our amazing team, partners, and customers for being part of the journey. Here's to an even bigger 2025! 🚀 Michael Higgins Paul Higgins Jeremy Gupta George Skentzos Richard Sands David McClatchey Swati Sharma Mark Halsell

A big thank you to Elena Ciccotelli at The EVs for Everyone Podcast for having Loopit.co co-founder Michael Higgins on the show! Michael shares how EV subscriptions can help dealers "move more metal" in 2025 and dives into some great insights on the future of mobility. Plus, a fun holiday segment to wrap things up. 🎧 Give it a listen below 👇

It's Prime Time For Car Subscription (see what we did there?) 👀 Amazon’s latest moves in the automotive space are hard to ignore. First, it unveiled the new Amazon Autos platform, expanding into online car sales. Then, just a few days later, it doubled down on mobility, teaming up with Drivalia for car subscriptions in Spain. This isn’t Amazon’s first foray into automotive flexibility. Back in 2019, the company launched its Motors platform in collaboration with ALD Automotive (now Ayvens), offering vehicles on a leasing basis. Fast-forward to 2024, and Amazon is once again eyeing a shift in how consumers access vehicles—this time, through a more fluid, pay-per-use model. It’s a reminder that, as Amazon continues to push the boundaries of convenience, the industry is watching closely. The future of mobility is about more than just car ownership—it’s about offering customers the flexibility to choose a vehicle when they need it, without the long-term commitment. As Amazon explores this shift with Drivalia, it’s clear that car subscriptions are increasingly becoming part of the mainstream mobility conversation. The question now isn’t if, but when, this model will reshape the automotive landscape.

Does your dealership have a strategy for the used EV tsunami set to land in 2025 and beyond? 🌊🚗🔋 With a predicted 230% increase in used EVs by 2026, it’s crucial to adapt. Nick DiPrima and Michael Higgins dive into strategies that will help dealerships thrive in this rapidly evolving market. Learn how to leverage your inventory, enhance customer satisfaction, and unlock new profit streams through EV subscriptions and rentals. Check it out 👇

Big banks and captive finance are making waves in the mobility sector, unlocking nearly $440M in financing for car subscription providers in the last month alone. Major players like Commonwealth Bank, Volkswagen Group Financial Services, Macquarie Group, and Toyota Finance Australia are driving the shift towards flexible car ownership solutions. From salary-packaged EV programs to massive debt financing deals, these moves signal a transformative moment for the industry. Read more about this game-changing shift in mobility and the financial powerhouses fueling it in the latest Loopit.co newsletter. 👇

At the start of 2024, we made these four bold predictions for the car subscription market. Now, we’re revisiting them—how did we do? ✅ B2B subscription programs will expand, driven by innovative models like novated and salary-packaged subscriptions. ✅ Used EV subscriptions will grow, addressing affordability and residual value concerns for electric vehicles. ✅ Micro-subscription models will rise, offering a bridge between traditional rental and longer-term subscriptions. ✅ Partnerships with vehicle marketplaces will flourish, bringing more EVs to consumers through strategic collaborations. Check out the full article here: https://lnkd.in/gX2rEAeg

Our new website is LIVE! Here’s what’s changed—and why it matters. 🧑💻 When we first launched Loopit.co, our vision was simple: to transform car ownership with the flexibility of car subscriptions. And we did just that—becoming the go-to platform for businesses ready to meet the demands of modern drivers. As the mobility industry evolved, our expertise in car subscriptions became the foundation for something greater. Today, Loopit's platform supports a full range of services—from daily rentals to long-term leases—powered by the flexibility and innovation that started with subscriptions. Our new website isn’t just a fresh coat of paint; it’s a reflection of our expanded offerings and our commitment to providing flexible mobility solutions for the road ahead. Check out our new look, and see how we’re ready to help you take on any mobility challenge! 🚗💡 https://www.loopit.co/

In real estate, agencies rely on both one-time sales and a steady rent roll. Dealerships should be no different—car subscriptions are becoming the automotive version of a rent roll, offering predictable, recurring revenue alongside traditional sales. Karmo’s acquisition of Motopool, backed by Volkswagen and Toyota, highlights how the size of a dealership’s subscription fleet will increasingly drive its valuation. 🔗 Learn why a strong subscription portfolio is key to long-term dealership success. https://lnkd.in/g_Dmm2Vs

🚨 BREAKING: Karmo Acquires Motopool to Become Australia's Largest Vehicle Subscription Provider 🚨 We're excited to see continued growth and consolidation in the vehicle subscription industry, with Karmo securing $138M in funding from Toyota and VW's venture arms to acquire Motopool. This strategic move creates Australia's largest short-term car subscription operation, with plans to expand to 5,000 vehicles. This highlights the growing demand for flexible mobility solutions across various vehicle segments and reinforces what we've long known—vehicle subscriptions are becoming an increasingly popular choice for consumers. Research shows that nearly 20% now prefer subscription services over traditional ownership, with the preference rising to over 25% among those aged 18-34. As the technology provider powering many subscription operations across APAC, we're excited to see continued investment and growth in this space. Congratulations to Nick Boucher and the entire Karmo team on this milestone achievement.

The global car subscription industry continues to evolve, as leading OEMs bring more refined and innovative programs to market. Read the latest Loopit.co newsletter to find out more 👇