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What's Ahead for Car Sharing?
Report

What's Ahead for Car Sharing?

The New Mobility and Its Impact on Vehicle Sales


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Editorial Rating

8

Qualities

  • Innovative

Recommendation

How will the rise of the car sharing economy affect vehicle manufacturers’ profits and business models? Julien Bert, Brian Collie, Marco Gerrits and Gang Xu of The Boston Consulting Group offer insightful analysis of the “sharing economy” and its connection to the demographics of car sharing today. They provide useful projections as to how car sharing, taken in conjunction with related factors like ride sharing and autonomous vehicles, could determine car sales by 2021 and beyond. getAbstract recommends their report to leaders within the automotive industry.

Take-Aways

  • The underlying principle of the “sharing economy” is simple: Customers rent goods and services on an as-needed basis. These goods and services must be good value, be readily available for use when desired and always be trustworthy.
  • Car sharing is most popular in the Asia-Pacific region, which has the greatest total number of users, while Europe offers the “largest service per capita.”
  • The most probable scenario for car sharing’s growth doesn’t spell doom for automakers. There will be a drop of just over 1% in the number of individuals buying cars worldwide by 2021, but an increased need for shared vehicles will help to soften the blow.

About the Authors

Julien Bert is a principal at The Boston Consulting Group, where Brian Collie, Marco Gerrits, and Gang Xu are partners and managing directors.