Car subscription programs provide greater flexibility compared to traditional leasing services by offering refundable deposits, insurance, servicing, breakdown cover and road tax. The programs are becoming increasingly popular, especially among Millennials and Generation Y. Globally, the vehicle subscription market is going to see unprecedented growth, rising at a compound annual growth rate of 22.8% from 2020 to 2030. A new generation of car logistics is now required to align with this booming trend: CEVA Finished Vehicle Logistics experts have designed a range of dedicated “phygital” services in response.
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