Tuesday, August 22, 2017

Review: Carma - Monthly Car Subscription

We are noticing an interesting shift in the world of mobility. Advances in IoT and fleet management are enabling interesting transportation services like Carma.

Carma is a month-to-month car subscription service. What that means is that for one monthly fee, a customer (or Carma "subscriber") will get to drive a personal car which includes the insurance and maintenance required to operate the vehicle. This is a big shift from traditional vehicle ownership models where in addition to buying a vehicle, one also has to be responsible for maintenance and insurance.

The Carma monthly subscription service is an interesting combination of technology and business model that makes sense for individuals who need access to a car on a day-to-day basis, but don't like the commitment and hassles that come with current car ownership models.

For that reason, we think the Carma car subscription service is a great use of fleet management technology that is ideal for many customers. Let us know what you think in the comments.