Here is the Future of Car Sharing — and Carmakers should be Terrified (PS. They are!)

Moscow car share fleet

Looking for a share car in Moscow this morning? A sample of the 28k cars waiting for your call

Moscow’s sharing boom shows how quickly consumers can abandon the traditional car.

By Ilya Khrennikov. February 8, 2019

This from Bloomberg rings many bells and is just too good to be passed up for our students and readers.  Right up the middle of World Streets long time position on the steady global shift from ownership to use in the cities/car nexus , it is thus passed on here with thanks to the author and the publisher. The complete article with photos, graphics, a short video and references is available from Bloomberg at https://bloom.bg/2UPplxmz .   Let’s have a look.

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Why There Will Be Far Fewer Cars, But Many More Miles Driven

cars lot flooded disappearing

Available today at advantageous prices

– By Jeff McMahon  

 . . . . You don’t have to be Milton Friedman to figure out that car ownership is economically foolish.
“I want you, on purpose, to spend $33,000 on an asset, okay? And I want you, on purpose, the minute you buy it, to lose 11.5 percent. And on purpose to make that asset sit idle 95 percent of the time,” said Gary Silberg, the Americas head of the automotive division of the financial services firm KPMG. “You don’t have to have a PhD in economics to figure out that it’s maybe not a great idea to buy a car.
“The average price of a car in America is $33,000, the average loss is 11.5 percent, and the average idle time is over 95 percent.”
But Americans love their cars, right?
“Okay, so why do people buy cars?” Silberg asked

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xCars (And are we losing our flair?)

From the xCar archives – https://www.facebook.com/groups/worldcarshare/ (218 members)

USA. Inventor John W. Pitts, pathological inventor, notable primarily for his attempts at building a flying car and actually get it off the ground, the “Sky Car”. Source: The Old Motor, http://theoldmotor.com

The “Sky Car” was powered a four-cylinder engine. It did get off the ground by roughly eight inches or so and the “flight” ended. It was obviously staged for the camera and unwisely located right next to a tree.

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