What’s Ahead for Car Sharing?
26 October 2017
ONE OF THE MOST remarkable developments of the 215t century global marketplace is the rapid growth and evolution of the sharing economy. Today, ordinary people can rent, short-term, everything from luxury handbags to high-end homes to powerboats to designer pets to musical instruments. And also cars- BCG has researched the potential growth of the car-sharing market and estimated its impact on new-car sales in 2021- We found that although car sharing will expand relatively quickly and widely, it will have only a minimal effect on new-car sales, both because most drivers will not forgo car ownership entirely and because some share of lost car sales will be partially offset by sales into car-sharing ﬂeets in large urban areas.