Clutch Technologies is the leader in subscription and mobility services software to the automotive industry. Utilizing Clutch’s end-to-end platform, automotive dealers, OEM’s, car rental companies and fleet operators can increase asset utilization, offer new revenue streams and deliver innovative consumer experiences.
The concept is interesting - it is basically like a new and improved lease. You pay a monthly fee, you don't own the car and you can switch cars based on what you need. That being said, it's expensive. The high-end subscription is $1,300.
I guess the target market is people who want flexibility in terms of the types of cars they use and don't want to own one. I would love to hear from the makers.
@corleyh Yeah I'm really curious about these economics. Entry level plan is $800/month ($9600/year) which for those cars—BMW 3 Series, Audi A4, Mustang GT—is about 50% of their average Edmunds for 2012 versions with <50k miles. Doesn't really make sense to pay for a new car every 2 years. But maybe they're always refreshing the fleet with current-year cars? Even then their entry-level cars MSRP at ~$35k, which is only 4 years of ownership.
Some pretty great unit economics for them though ;) Especially since you still have to pay for fuel.
@thetylerhayes@corleyh Their pricing page does say that the cost includes insurance and maintenance too. That's huge, on top of the value of the car. If I lived in a big city with Uber or public transportation, I'd be in on this.
@corleyh First, thank you! We’re honored and excited to be included in Product Hunt.
We are still very early in this journey. Right now we’re just in Atlanta. We are focused on refining our technology and working with the automotive industry to create a model that can scale. Our goal is to help the automotive industry transition from “ownership" to “access” just as Spotify has done for music, Apple has just done for cell phones, etc.
One point of correction - most of our members use Clutch as their primary vehicle. We're not really competing with car rental.
You are right that flexibility is a huge part of our offering. We've found that our members get a lot of value out of the ability to move between cars. They actually seem to be getting more done and doing more - which is really cool.
All the benefits that come with any subscription are relevant for us: no money down, pay as you use, no risk, everything managed for you. The term car-as-a-service is accurate - although the jargon would confuse most of our members.
As for pricing, bear in mind that we deliver the vehicles to our member's location so there is manpower involved as well. I'll let Laura, our marketing lead, comment on everything that is in the bundle.
@thetylerhayes@johnrmeese Our pricing covers all of the unexpected costs of car ownership, including insurance, taxes, maintenance, and fees along with the ability to have clean cars delivered right to you that fit your vehicle needs at the time.
@corleyh you are spot on- our target market values flexibility, convenience, and no hassles.
This is pretty cool - but does seem expensive (although I'm in the UK so have no great feel for how much cars cost in the US). However, I'd like to see some more use-cases on the home page - lots of examples of why / when you would change your car. The more reasons there are to change (flip in their terminology) the more reason to do this over standard lease. For example: Winter coming - Flip to a 4x4; Summer coming - Flip to a convertible; Moving house - Flip to a truck; Friends wedding - Flip to luxury car; Daily use - Flip to electric / hybrid.
Whilst the simple pricing is good, I could also see a price plan which was basic but allowed a month of luxury cars every year built in (I see they allow this through a daily charge).
I'll be in the market for a car really soon and I think I'll give this a try. I'm almost 100% sure I'm going to give it a go. The no maintenance is a huge bonus. Plus the ability to get a truck when I need one.
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