/ Industry, News / Study: car sharing threatens US auto sales

Study: car sharing threatens US auto sales

Linked In Share
Study: car sharing threatens US auto sales

Alix Partners, a consulting and business advisory firm, says in its most recent study that car sharing businesses – which first gained traction around a decade ago – have now started to become a real threat to new car sales.

In its study, Alix Partners pointed out that around 500,000 vehicle sales in the US alone have been lost because of the growing popularity of car sharing programs like Zipcar or Relay Rides.

“Our study suggests that Americans’ willingness to avoid vehicle purchases due to growing car-sharing options is higher than many have thought,” said Mark Wakefield, managing director at AlixPartners and leader of the firm’s Automotive Practice in North America.

Wakefield says the fact that car sharing business have started to make a dent on new car sales should not be ignored or treated lightly by automakers, as the Alix Partners study focused on ten cities to see how quickly these programs are impacting auto purchases. According to the study, the usual car-sharing fleet vehicle displaces 32 vehicles that could have been otherwise purchased and the replacement rate is greater than the one other studies found it by looking at a national level.

Via CNBC

by Aurel Niculescu (my Google+) - Tuesday, February 4th, 2014 - filed under Industry, News. Image credit: .
Linked In Share
Related Articles
car sharing business study us


Discuss: Study: car sharing threatens US auto sales

Leave a Reply


















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

2015 Ford Mustang 50 Year Limited Edition
2015 Ford Mustang 50 Year Limited EditionThe Ford Mustang 50 Year Limited Edition has been revealed ahead of its public debut taking place at the 2014 New York Auto Show, ...
GM’s executives say recall didn’t hurt sales
GM’s executives say recall didn’t hurt salesWhile the company is facing a huge scandal and probes from NHTSA and the US Congress over the way it dealt with the defective ...
Mercedes-Benz AMG GT previewed
Mercedes-Benz AMG GT previewedMercedes-Benz has released a couple of images with the upcoming AMG GT, ahead of its public debut scheduled to be fully revealed ...
2015 Volkswagen Golf GTI gets priced in the U.S.
2015 Volkswagen Golf GTI gets priced in the U.S.VW has announced the official price list for the new Golf GTI in the United States, where the C-segment hot hatch will set you ...
Renault-Nissan CEO confident on European revival
Renault-Nissan CEO confident on European revivalCarlos Ghosn, the alliance’s CEO sees the global automakers doing really well this year as the demand continues to rise in ...
Ford thinks EcoSport SUV could be a hit in Europe
Ford thinks EcoSport SUV could be a hit in EuropeAs the European clients have been stormed away by the advent of the small SUV-crossover segment, Ford aims to attract many ...
BMW increases i3 output by 43%
BMW increases i3 output by 43%The world’s largest premium automaker is ready to bring its first model of the “i” sub brand to the US and in preparation ...
GM launches safety oriented product development unit
GM launches safety oriented product development unitThe company’s CEO, Mary Barra, announced GM will set up a new global product integrity group which centers around product ...
Ricciardo ‘surprised’ by Lotus’ Renault struggle
Ricciardo ‘surprised’ by Lotus’ Renault struggleApr.16 (GMM/Inautonews.com) Daniel Ricciardo has admitted he is "surprised" Lotus is still struggling so much with its Renault ...
Marko slams ‘aggressive’ Mercedes after appeal
Marko slams ‘aggressive’ Mercedes after appealApr.16 (GMM/Inautonews.com) Dr Helmut Marko has hit back at Mercedes, after the German squad this week called on the court of ...
Smallest teams write ‘explosive’ letter – report
Smallest teams write ‘explosive’ letter – reportApr.16 (GMM/Inautonews.com) F1's four smallest teams have written a letter complaining about the state of the sport. Germany's ...
Montezemolo rejects early Mattiacci criticism
Montezemolo rejects early Mattiacci criticismApr.16 (GMM/Inautonews.com) President Luca di Montezemolo has dismissed early criticism of Ferrari's new team boss. First, he ...
2014 critics have ‘agenda’ – Mosley
2014 critics have ‘agenda’ – MosleyApr.16 (GMM/Inautonews.com) Former FIA president Max Mosley says criticism of the 'new' face of formula one is being powered by ...
Ford’s European Sales Up 12% in March on High German and UK Demand
Ford’s European Sales Up 12% in March on High German and UK DemandFord's sales in Europe rose by 12% in March, accounting for the 10th  consecutive monthly gain, thanks to high demand for ...
Facelifted Audi S6 undergoes track testing
Facelifted Audi S6 undergoes track testingOur spy photographers caught the venerable Audi S6 undergoing some rigorous and grueling track testing before the mid-life ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

2015 Ford Mustang 50 Year Limited Edition 1
Mercedes-AMG GT
2015 Audi S6 Facelift Spied 5
2016 Mercedes ML 63 AMG Spied 1
2015 Audi S7 Facelift Spied 1
Bentley Continental GT V8 RS Spied 1
Spy-Shots of Cars
Bentley-flying-spur-v8_2015
nce-tesla-model-s-convertible-001-1
2015 Nissan Murano Concept (1)
LR_DVC_Side_Profile_Wall_140414_05
2015 Kia Sedona (5)

More automotive from inautonews
The Ford Mustang 50 Year Limited Edition has been revealed ahead of its public debut taking place at the 2014 New York Auto Show, and its sale date, scheduled for this fall. Ford has been working on a special edition of the Mustang, which is celebrating the model’s 50th anniversary. The muscle ...
read more
Inautonews Editors Section
Do you have £200,000? Then you can have the trip of a (hazardous) lifetime
Do you have £200,000? Then you can have the trip of a (hazardous) lifetimeAre you tired of the ever-boring home to work commute? Well, if you’re the adventurous type and can afford the paycheck, the world's most hazardous ...
Check out the everyday cars of St. Moritz – photo gallery
Check out the everyday cars of St. Moritz – photo gallerySt. Moritz is the oldest winter holiday destination in the world – and on the same time it is probably the most expensive ski resorts in the ...
Test Drive: Renault Captur 0.9 – TCe 90 – fast review
Test Drive: Renault Captur 0.9 – TCe 90 – fast review After we’ve tested almost all Renault Captur models, we decided to check out the 3-cylinder engine - 898 cc 66kw (90 hp) model. Why we’ve ...

Editors Section
Inautonews Editors Section
2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video] 2009 safest cars Euro NCAP

Latest in Safety GM launches safety oriented product development unitThe company’s CEO, Mary Barra, announced GM will set up a new global product integrity group ... Volvo makes life easier for the parentsHave you gone through the nightmare of changing your child seat from car to car or use it on public ...
Safety Section