carsales.com Ltd. Partnering With Mobiliti To Offer Vehicle Subscriptions In Australia
CARSALES.COM LTD UNSP/ADR (CSXXY)
NASDAQ:AMEX Investor Relations:
shareholder.carsales.com.au
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Source: PR Newswire
MELBOURNE, Australia, Aug. 26, 2019 /PRNewswire/ -- carsales.com Ltd. (ASX:CAR), Australia's leading online automotive classified platform, and Mobiliti, Inc., a U.S.-based leader in vehicle subscription technology, have entered into an agreement to integrate Mobiliti's proprietary subscription technology with carsales' vehicle listing platform. "A vehicle subscription is for people who want a car but aren't ready, or don't want to own one," said Chance Richie, Mobiliti founder and CEO. "It's similar to a lease, but without the things consumers dislike most about leasing including long-term contracts and upfront costs, with the added benefits of included insurance, maintenance and roadside assistance."carsales currently works with more than 4,000 automotive dealers in Australia and has approximately 20 million unique monthly visitors to its sites. Apart from being the leading automotive classifieds platform in Australia, carsales also operates leading marketplaces across Latin Americ
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