PLANTATION, FLORIDA, February, 2019 — LMP Automotive Holdings, Inc. (“LMP”), through its wholly-owned subsidiaries, currently offers its customers the opportunity to buy, sell, rent and subscribe for, and obtain financing for automobiles both online and in person.
LMP has made its vehicles available on the DriveItAway platform to Uber and Lyft drivers in Florida, DriveItAway is a unique “one-stop” shared mobility application for car dealers. DriveItAway App users can now subscribe to or rent new and pre-owned vehicles from LMP directly through the App. The drivers can now pick up and swap vehicles they subscribe or rent from LMP at any of our Florida locations. The app is available for download here.
Sam Tawfik, Chief Executive Officer of LMP Automotive Holdings, commented, “The Mobility as a Service market is rapidly emerging and estimated to grow to approximately $358 billion by 2025 as compared to $38.6 billion in 2017, according to Research and Markets We are pleased to contribute to the emergence of this industry in the automotive sector by offering DriveItAway users variety from our selection of new rideshare vehicles and convenience in the Southern Florida region directly through the application. We look forward to working with the DriveItAway team, continuing to build our brand in Florida as well as other regions and establishing long-term customer relationships.”
DriveItAway is the first dealer focused enabler for franchise and independent car dealers to enter the business of Mobility as a Service. DriveItAway provides a turn-key, solutions driven program with proprietary mobile technology, insurance coverages and training to get your dealership up and running profitably in shared mobility. For information, please visit www.DriveItAway.com
About LMP – “Buy, Rent or Subscribe, Sell and Repeat.”
LMP describes its business model as “Buy, Rent or Subscribe, Sell and Repeat.” This means that we “Buy” pre-owned automobiles primarily through auctions or directly from other automobile dealers, and new automobiles from manufacturers and manufacturer distributors at fleet rates. We “Rent or Subscribe” by either renting automobiles to our customers or allowing them to enter into our subscription plan for automobiles in which customers have use of an automobile for a minimum of thirty (30) days. LMP’s all-inclusive vehicle subscription membership includes monthly swaps and covers insurance, maintenance and upkeep. It offers the flexibility to upgrade your vehicle to a more premium model or downgrade for a lesser cost model when you like. We “Sell” our inventory, including automobiles previously included in our rental and subscription programs, to customers as well, and then we “Repeat” the whole process.
PH: (212) 896-1251