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Stock impact report

AutoNation to offer used-car subscription service from Fair [Reuters (UK)]

AutoNation, Inc. (AN) 
Last autonation, inc. earnings: 2/11 06:45 am Check Earnings Report
US:NYSE Investor Relations: investors.autonation.com
Company Research Source: Reuters
AutoNation to offer used-car subscription service from Fair | Reuters 2 Min Read (Reuters) - AutoNation Inc ( AN.N ) will offer a used-car subscription service from auto leasing startup Fair through AutoNation’s network of more than 300 U.S. dealers, starting later this month in California, the companies said on Thursday. The service, described as an alternative to traditional ownership and leasing, is similar to new-vehicle subscriptions offered by several automakers, including Zhejiang Geely Holding Group Co Ltd’s Volvo Car Corp, BMW AG ( BMWG.DE ) and General Motors Co’s ( GM.N ) Cadillac. AutoNation, based in Fort Lauderdale, Florida, said the Fair service will bundle routine maintenance and roadside assistance in a monthly subscription that can be ordered through a mobile app and canceled at any time. Customers can add features such as insurance. Based in Santa Monica, California, Fair was founded in 2016 and has raised more than $1 billion in debt and equity financing. Its Show less Read more
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