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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsRise of the car-sharing apps poses threat to auto sector
The humble smartphone could throw a spanner in the works of the car sector's post-crisis turnaround, with the big manufacturers facing a long-term threat from apps that make it easier and cheaper to share or hire vehicles than to buy them.
Investor sentiment is on a knife edge. Car sales are back in recovery mode in most major European markets, yet the fragility of the turnaround could yet be exposed by another economic slowdown while investors have flagged the potential danger posed by web-based services further down the road.
The rise of the likes of car hire app Zipcar and car-pooling rival BlaBlaCar are expected to present new challenges to mass-market carmakers such as Ford, GM, Volvo, Renault and Volkswagen while presenting fresh opportunities for existing rental networks.
Online taxi business Uber is another seeking a slice of the market with its UberPop operation, which links private drivers to passengers, though the U.S. company faces legal challenges in countries including France and Germany.
http://news.yahoo.com/rise-car-sharing-apps-poses-threat-auto-sector-152349635--finance.html
I use "city car share" not mentioned in the article. Fact most peoples cars spend more time sitting then being driven. You drive to work, car sits there 8-10 hours. You drive home, car sits there while you sleep. Cars sitting around doing nothing, often for city dwellers you pay for parking for your car to sit there. It's foolish way to use a machine.
Atman
(31,464 posts)I work from home. I have a car that often doesn't even leave the driveway for four or five days at a time, mainly because my wife and I also own a newer, nicer car which we use for our primary vehicle. I don't really like the idea of strangers taking my car, but wtf? If I can make some money off an idle vehicle, why not? It's a brave new world!
Jesus Malverde
(10,274 posts)You go to the airport for vacation, instead of paying to park your car at long term storage the company rents it out for you. It's there when you get back detailed. They take care of insurance etc. it really is WTF, but people are getting paid!
https://relayrides.com/airport-parking
mythology
(9,527 posts)Especially given that Uber is apparently run by people who are both unseemly and don't hide it well as well as facing numerous legal challenges.
Jesus Malverde
(10,274 posts)The issue though is as people share cars...the auto manufacturers have less of them to sell.
msongs
(67,420 posts)Jesus Malverde
(10,274 posts)People need to think differently about these assets.
In my case the service owns the car, the insurance and the maintenance. I'm just renting it by the hour. One kick ass advantage is I can rent by the hour anything from a truck to a hybrid and they are all late model cars.
City CarShare was the only carsharing program in the San Francisco area from its founding in 2001 until 2005. The organization began with a fleet of 12 lime green Volkswagen Beetles and 850 members. The original pricing was a $300 deposit with a $10 monthly fee, in addition to fees of $2.50 per hour and 45 cents per mile driven. City CarShare expanded to include locations in Oakland, Berkeley, and Palo Alto in 2002. In 2004 City carshare began providing vehicles to the city of Berkeley, in order to help the city reduce emissions. The city sold off cars from its fleet in favor of using shared vehicles. By 2005 ABC 7 reported that the organization had saved more than one million gallons of gasoline since its founding, and the company saw a twenty percent rise in membership.[9] At this point, City CarShare was the largest non-profit car sharing program in the United States.
In 2006 University of California, Berkeley produced a study showing that City CarShare prevented nearly 25 million pounds of carbon emissions a year from entering the atmosphere. In 2011 City CarShare was one of eighteen organizations to form the North American CarSharing Association, the world's largest. City CarShare was one of the lead organizations in the new association, which had 100,000 members upon its launch. In 2011 City CarShare also partnered with the city of San Francisco to provide on-street parking exclusively for City CarShare vehicles.
The Clean Fleet Report has named City CarShare one of the ten best car-share programs in the United States, mentioning its focus on electric cars as one of the reasons behind this. The fleet was specifically implemented with Mitsubishi_i-MiEV electric vehicles. The use of electric vehicles in the fleet and around the city led the City of San Francisco to institute the installation of electric-vehicle charging stations in the downtown area. The company also runs the CommunityShare program for low income individuals and the AccessMobile program that provides wheelchair accessible vehicles.
https://en.wikipedia.org/wiki/City_CarShare
upaloopa
(11,417 posts)Mustang Club of America addition Mustang and put more miles on it than I do? Also it isn't their car so why would they have a motive to keep it clean.
I'd rather it sat in the driveway.
Jesus Malverde
(10,274 posts)Where you drive a mustang today and a porsche tomorrow, unless it's attached to your body some way physically or psychologically.
A car is just another machine we use.
upaloopa
(11,417 posts)I thought it was for those who want an SUV but didn't want to stoop so low as to drive a Ford or Chevy or Toyota.
Jesus Malverde
(10,274 posts)porsche macan 2014
Guessing theres a senator from AZ with his eye on one...
Atman
(31,464 posts)Next to one at a stop light. But then, I live in Connecticut. There are a few Teslas around here, too.
I admit, it is a head-turner. But so is a big brief case of $100 bills. I'd rather have the brief case full of bills.
Atman
(31,464 posts)You're buying the nameplate. But they suck as SUVs. My wife wants one...absolutely loves them. But she's never actually ridden in one. They're just so pretty! But virtually all of the car mags say the Porsche Cayenne and the newer Macan suck. Too heavy, too big...Porsche should stick to sports cars. Yet, people still pay $100,000 for a "pretty" car that doesn't do anything any better than a "pretty" $30,000 car does.