Car-Sharing Programs (Short-Term Rentals), AKA Mobility Services, Proliferate, Business and Industry Trends Analysis

Car sharing has become a big business in North America and Europe.  This practice is called car sharing because the organizations providing the cars enable short-term, on-demand use, without the burdens of car ownership.  The costs of buying, operating, insuring and parking a personal automobile are extremely high.  At the same time, consumer attitudes and behavior regarding transportation are evolving rapidly.  Surveys in mature economies such as Japan show that a relatively large number of young people have no interest in purchasing a car.  The percentage of people in major cities in the U.S. and UK who do not own…

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