Flexible vehicle access model
Search documents
DriveItAway Holdings CEO Provides Year-End Review and 2026 Outlook as Vehicle Affordability Pressures Accelerate
Globenewswire· 2026-01-05 13:33
Core Insights - DriveItAway Holdings, Inc. is focusing on disciplined expansion, national partnerships, and scalable solutions to address the growing transportation affordability crisis as it enters 2026 [1] Group 1: Operational Progress in 2025 - In 2025, the company transitioned from early-stage innovation to national execution, supported by strengthened governance and expanded market presence [2] - The flexible vehicle access model is gaining validation, indicating a shift in consumer preferences towards subscription-based models [2][5] - The automotive market is experiencing significant affordability pressures, with new-vehicle prices rising over 30% since 2020 and average transaction prices exceeding $50,000 [3][4] Group 2: Strategic Priorities for 2026 - Key objectives for 2026 include strengthening the Board of Advisors, expanding market presence to quadruple the number of operational city regions, and advancing a national partnership with Free2move [6] - The company aims to refine its technology platform to support credit-agnostic access and facilitate a clear pathway from subscription to vehicle ownership [6] Group 3: Market Trends and Consumer Sentiment - Approximately 44% of Americans are considering giving up vehicle ownership in favor of subscription models, reflecting a significant change in consumer attitudes towards access versus ownership [5] - The company recognizes the need for flexibility among consumers and solutions for dealers to expand their market reach without increasing financial risk [6] Group 4: Future Expansion Plans - Plans include launching services in twenty more major U.S. cities, increasing the vehicle fleet size, and forming partnerships with large national organizations to address gaps in personal vehicle access [9] - The company aims to standardize dealer programs to improve unit economics and operational efficiency while making flexible lease-to-ownership a recognized industry standard [9]