New automaker brands and models enter Loopit subscriber network, Tesla demonstrates significant subscription growth

latest in Vehicle Subscription Utility (VSU) Index, Tesla has made quite a jump, jumping 9 places in the ‘Top 20 Subscribed Vehicles by Make’ category. Thanks to recent global partnerships with new electric subscription providers such as Motor EV in the United States, loopit Tesla subscriptions have seen an uptick, including the Tesla Model X most recently entering our network. The increase follows a surge in electric vehicle subscriptions last month, where new models such as the Ford Mustang Mach-E and the Chevrolet Bolt EV made the list.

In other news, Isuzu D-Max continues to consolidate its position, registering a growth for the 7th consecutive month. This consistent trend reinforces the demand for flexible mobility solutions especially from business sectors who are prioritizing the benefits of subscribing to commercial vehicles in the current financial climate.

The vehicle subscription landscape is also proving to be a fertile ground for new market entrants. Last month, we saw new OEM brands like Cherry receiving subscription demand with the new Moda 5 – following its recent launch in the Australian market. Similarly, cupra is still proving to be a popular choice for customers. loopit The network tied for sixth with Formentor among the top subscribed vehicles in the over $30,000 category.

Additionally, new models such as the 2023 Toyota Corolla and Yaris Cross are also in high demand – underscoring how subscription is fast becoming a preferred route for motorists to test-drive the latest models, versus traditional ownership or ownership. Provides a flexible and commitment-free alternative to leasing.

Lastly, turning to the ‘Top Subscribed by Model’ category, SUVs have once again demonstrated their ongoing popularity, accounting for 60% of the top 20 subscribed vehicles by model category.