Cadillac unveils its $1,500 per month car subscription service called Book by Cadillac! Is the future of the car industry like a Netflix subscription?
Justin Mohr Show · Justin Mohr
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Show Notes
Vehicle discounts increased in December of 2016 to increase auto sales to yet, another record year! Demand for cars has fallen because the auto bubble is deflating and it took a decrease in vehicle prices to bring people into dealerships. How much longer will this go on? The auto loan bubble will be fully pricked by the time the next economic crisis is here and we seem to be very close to that. Also, companies like Cadillac are offering a new program where you pay a $1,500 subscription and you can drive any top of the line Cadillac car you want. There is no contract, just a $1,500 a month subscription. This new program will begin to roll out on February 1st, 2017 in New York City. Is this the future of the car industry? What's coming next?