Continued growth in ride-hailing and car-sharing means auto sales are destined to decline long-term, analysts predict, and the peak may already be behind us.
The need to replace lost revenue is the reason OEMs have been entering the car-sharing industry, even though related revenues have been minuscule so far, compared to their legacy business.
“Fast forward just five years and (mobility) services will eat into automobile sales, leaving automakers vulnerable if they don’t find ways to augment their income, according to Munich-based consultancy Berylls Strategy Advisors. By 2030 in the U.S., where data is most readily available, Berylls predicts that total sales of cars — individually owned and shared — will fall almost 12 percent to 15.1 million vehicles.”
Read the article at Automotive News