Tag: Model

How The Subscription Business Model Could Change The Automotive Industry

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Alexander Pershikov, the transportation evangelist, founder of GetTransfer.com, serial entrepreneur and a metaverse visionary.

The sharing industry has introduced consumers to the subscription business model. Generations Y, Z and Meta already live in a world of subscriptions. They subscribe to music platforms and use streaming services and professional software, making monthly payments as a hygiene standard. Thus some do not value ownership the same way as many people from older generations do. Today, subscription algorithms are becoming a part of our daily life, changing the usual approach not only to the consumption of goods and services but to the provision of them as well.

Some experts say we are witnessing the extreme popularity of the subscription business due to millennials. This generation often stimulates the growth and development of e-commerce, which today has led us to the boost of subscription services and goods. Apple Music or Netflix subscriptions have already become a must-have. As the CEO of a car rental company, I’ve noticed car rental, a.k.a. car subscription services, seem like something mystical for many customers around the world. Today many car subscriptions are based in the U.S., such as Borrow and Hertz. Global brands such as Porsche, Hyundai and others also provide subscription products as an important strategic incentive.

Let’s analyze the pros and cons of car subscription services. A subscription can be a good solution for those who can’t afford to buy a car or don’t want to pay a big sum for it in the beginning but need it on an ongoing basis right here and right now.

New Car Subscription

Here are the main pros of a subscription service for new cars.

• Minimal commitment: The subscription model allows clients to rent a car for a long time, for instance, for a month or a year or maybe a season, without all the commitments of owning a car.

• Maintenance and insurance are included: The client gets rid of all headaches and payments related to regular maintenance or insurance of the car; the owner typically takes on these responsibilities and costs.

• Short-term savings: Regular rental payments are often lower than a one-time payment for buying a new car.

• Flexibility: Clients can have a summer car in the summer and a winter car in the winter.

However, even the ideal new car subscription scheme has its cons.

• High costs in the future: Very long-term car subscriptions can make clients lose money that could have been invested in buying their own vehicles.

Used Car Subscription

Subscriptions to used cars are also getting more popular among drivers. (Disclosure: My company offers used car subscriptions.) This option can help to deal with rising prices and inflation. However, a used car doesn’t mean bad service or fewer advantages. The client subscribes to a vehicle that fits their monthly budget and offers the same flexibility as a new one. They can rent a two-year-old model at a lower price than a new car. Insurance and maintenance

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Dunedin restaurants face pushback over new server pay model

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A Dunedin restaurant’s shift away from tips was supposed to be about “data over drama,” but former employees say it’s definitely been both.

The Black Pearl introduced a new pay model for servers. Instead of taking home tips, waiters will receive a flat 20% commission and $1-an-hour wage. Ahead of the change, the restaurant fired some staff, employees told the Tampa Bay Times. Since then, criticism from hospitality workers and patrons pushed the review website Yelp to disable reviews on the restaurant’s page.

Owners Zachary and Christina Feinstein, under the company called The Feinstein Group, said they restructured tipping protocols to offer better pay for support staffers like bussers and food runners. The Feinstein Group implemented the pay structure months ago in their two other Dunedin restaurants: the Living Room and Sonder Social Club.

Instead of guests choosing the tip amount on receipts, every customer will have a 20% service fee added onto the bill. A server keeps 15% while support staff get the remaining 5%, Zachary Feinstein said. Guests can still add a tip on top of the fee, which would only go to servers.

They lowered hourly wages from $8 to $1 an hour for servers to raise kitchen staff pay to at least $15 an hour, Feinstein said.

Under the new structure, servers at the Feinstein Group’s restaurants are no longer considered tipped employees under Florida law. Their wages will primarily come from a percentage of sales, making them commission-based workers, like real estate agents and car salespeople.

But before switching to the new pay model on Aug. 26, the Black Pearl fired two servers and two hosts, the Feinsteins confirmed. They said they made the changes as part of a larger restructuring to make room for new positions like sommeliers. Some were fired for creating a “hostile work environment,” the Feinsteins said.

But Tabitha Crewe and Zachary Benson said they believe they were fired because they had questions about the new pay structure. The Feinsteins denied those claims.

“We knew they were going to implement a commission model and it was never clearly defined what the structure was going to be specific to that restaurant,” said Crewe, who worked as a server at the Black Pearl for about a year and a half. “This isn’t a model that’s implemented in many of the restaurants that I’ve ever worked at, so I had no idea what to expect.”

Crewe said she got a phone call from a manager telling her she was fired because she wasn’t “a right fit anymore,” about a week before the commission structure went into effect.

Some former employees spoke against the model and posted on Reddit and Facebook claiming the owners lacked transparency about how the pay structure would affect them. Crewe and another fired employee protested outside the restaurant Aug. 26. They said $1 an hour is unfair.

The restaurant review site Yelp blocked adding new reviews on the Black Pearl’s page due to “unusual activity” and had an alert

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Leading Car Detailing Way of living Model Chemical Men Launches Galactic Black Wet Glance Tire Glow Dressing

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Galactic Black Wet Glow not only features a provides a deep, dim galactic shine that lasts for months, but it also helps guard your car’s tires from deteriorating indications of growing older. The oil-dependent formula is made up of h2o resistant polymers and improved resin know-how that repels rain, as well as outside the house features like UV rays to reduce fading, and grime, dust and dust to preserve your tires cleaner for for a longer period. It’s also dry to the touch and will never sling when utilized correctly.

“Our best asset is our shopper,” states Jennifer Olvera, Chemical Fellas Manufacturer Director. “Listening and discovering from our remarkable world family members can help us build the most effective market-main goods that buyers like simply because they aided create them. Our products and solutions are formulated by our team and particularly customized by the requests and demands of our prospects. The launch of Galactic Black Moist Appear Tire Glow Dressing has been substantially anticipated and we are so energized to give our consumers exactly the deep glow they have been searching for.”

Regardless of whether you are seeking for an extremely-high glow, new auto shine or just a medium glow, Galactic Black Damp Shine will allow you to effortlessly come to a decision. The for a longer time you go away the spray on your tires, and the extra levels you use, the far more shine you are going to see. To use, clear the tires or trim and enable them to dry. Then spray onto an applicator prior to applying evenly throughout the floor. For an extreme shine, make it possible for the item to air dry and for a new glow search, wipe off with a clean microfiber towel following 10 minutes.

You can find Galactic Black Damp Appear Tire Shine Dressing readily available for $9.99 on Chemical Guys’ web-site or at the Element Garage nearest you.

ABOUT CHEMICAL Men
Driven by journey, a enthusiasm for shine, and a love for the street in advance, Chemical Guys is a globally leader in automotive detailing solutions for vehicle treatment fanatics and gurus. From exceptional modest-batch waxes to cutting edge ceramic coatings, and specialty cleaners for exteriors and interiors, Chemical Men sets the marketplace conventional when it comes to merchandise innovation, technological advancement and training. Dependent in Southern California, Chemical Fellas has advanced from a handful of passionate auto fanatics to a world-wide way of life brand name with the most significant electronic library of automotive detailing “how to” content material available. Find out much more and sign up for the Chemical Men spouse and children at ChemicalGuys.com.         

ABOUT Element GARAGE 
Element Garage is the country’s speediest-escalating motor vehicle care superstore. The nationwide retail franchise is the top place for vehicle detailing supplies, tools, car care components and instruction. By combining the maximum-top quality merchandise with educational detailing

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Leading Vehicle Detailing Lifestyle Model Chemical Men Launches Lucent Spray Glow Synthetic Spray Wax

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Lucent Spray Shine is a adaptable system that delivers amazing outcomes on any shade paintwork. It is produced with Premium Synthetic Paint Gloss Intensifiers to give your vehicle’s paint unparalleled protection and a show auto complete in seconds without having any streaks or wax residues remaining at the rear of. It truly is also blended with specialty lubricants and slickening brokers that enable minimize static brought on by floor friction, maintaining customers’ automobiles cleaner for longer by repelling h2o, dust, dust, and other contaminants, in contrast to other conventional swift element sprays that create static electrical energy which can appeal to airborne dust, filth, and pollen.

“We are enthusiastic to start off the 12 months with the launch of Lucent Spray Shine, an wonderful new product, that has been asked for by several – a product or service that adds prompt glow to any color paintwork when also delivering a area that stays cleaner for a longer time,” says Jennifer Olvera, Chemical Fellas Brand Director. “Lucent Spray Glow will be the excellent solution to incorporate to your servicing motor vehicle clean program for not only a good shine, but also added safety.”

To use, mist a slender coat on any coloration paintwork, doing work one particular space at a time. Wipe off with a clean up microfiber towel, flip the towel to the clear aspect and buff off to reach a streak-cost-free shine. As an included bonus, Lucent Spray Shine can also be applied on soaked and dry surfaces. Apply it soon after a clean as a best drying support or on a somewhat dusty car or truck to take out dust even though boosting glow and defense.

You can discover Lucent Spray Shine Artificial Spray Wax out there for $19.99 on Chemical Guys’ website or at the Element Garage nearest you.

ABOUT CHEMICAL Men

Driven by journey, a passion for glow, and a enjoy for the highway ahead, Chemical Guys is a globally leader in automotive detailing products for auto treatment fanatics and industry experts. From special little-batch waxes to reducing edge ceramic coatings, and specialty cleaners for exteriors and interiors, Chemical Fellas sets the business standard when it arrives to merchandise innovation, technological improvement and schooling. Centered in Southern California, Chemical Fellas has evolved from a handful of passionate vehicle fanatics to a international lifestyle model with the major digital library of automotive detailing “how to” material out there. Find out a lot more and be a part of the Chemical Men loved ones at ChemicalGuys.com.         

ABOUT Detail GARAGE 

Detail Garage is the country’s quickest-developing auto treatment superstore. The nationwide retail franchise is the best place for auto detailing materials, tools, car or truck care add-ons and teaching. By combining the maximum-good quality merchandise with instructional detailing classes, Depth Garage has turn into the country’s go-to retail retailer for car or truck treatment lovers, passionate car owners, and

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One In Five Automotive Industry Leaders See Intelligent Systems As The Future Predominant Business Model

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While the idea of the automobile was invented in the late 1800s in Germany and France, the true commercial revolution of the industry occurred in the 1920s in the U.S. There were 40+ years of experimentation between 1880 and 1920, with different form factors such as steering sticks, drive systems, and even names (like the Stanley Steamer). Brands and technologies were secondary until the true mass production of one common form, and with that development in the 1920s came the exceptional volumes and growth rates that led to the tripling of registered drivers in the U.S. between 1920 and 1930.

The question now is this: Are we in the 1920s-like stage of an EV world that will usher in new economic models for a future defined not by the combustion engine but by software? Or are we still in an age of experimentation like the one from the later 1800s to the product revolution of the 1920s?  

New EV companies such as Tesla, Rivian, Polestar, Waymo, Uber, Piaggio, Fast Forward, Envoy Technologies, Hyliion, Ztractor, ChargePoint, or Revel, or companies such as SAIC, BYD, FAW Group, Geely (they own Volvo), BAIC, or Dongfeng could become the new leaders in this world, changing the way we think and experience the automobile. Or it could be the list of traditional vendors, from GM to Ford, Volkswagen, BMW, Mercedes, Nissan, Toyota, and Hyundai who revolutionize the economic models and experiences we all (humans and machines) have with automotive products and services.

Ford certainly put their name in the hat in a big way with their recent announcement of an $11.4 billion investment in new vehicle and battery plants.

The current automotive industry sees razor thin (sub 5%) net margins, and the industry has a growth rate of less than 3% per annum. That is not a good formula for vibrant success, unless something changes. The traditional automotive industry might be worth just south of $6 trillion by 2025. The EV market might be valued at over half a trillion by that time.

This new EV number may sound small, a mere 12%, of the total by 2025. But when we talked with Forbes to leaders in the automotive industry about the new business models that would be driven by this EV revolution, 19% of them said they believe that their future isn’t just EV but will likely be a predominantly intelligent systems world. This means a world driven by constant interactions among the consumer, the company, and the product, with whole new economic models from the supply chain perspective (software led), constant innovation with digital feedback loops, and the capacity for automotive vehicles (whatever form they take) to self-heal and be reprogrammable through the cloud. 

One in five executive leaders are convinced that this is the future. For comparison, consider the

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