car sharing News

World’s Automakers Face Massive Disruption from Car Sharing Phenomenon

When Evgeny Barkov owned a car, the 31-year-old software salesman would often look out of his Moscow window at it with disgust. His possession sat unused more than 90 percent of time, while sucking up money and causing him anxiety …

Toyota Launching App-Controlled Car-Sharing in Hawaii

Toyota Motor Corp. launched a Honolulu, Hawaii car-sharing service that enables customers to use smartphones to unlock and start cars for rent by the hour or day. It’s the latest service offered by an automaker that competes with ride-hailing and …

GM to Pilot Airbnb-Like Service for Autos This Summer

General Motors Co. plans to start a pilot program this summer that will enable car owners to rent out their vehicles when they aren’t using them, according to people familiar with the matter. The tests will begin in early summer …

BMW Wants on Uber Train with Car-sharing in Washington

Germany’s BMW has launched a car-sharing service in Seattle, Wash. where it will offer customers the use of 370 BMW and Mini vehicles, before expanding to other cities in the United States. Established carmakers worldwide are looking for ways to …

Why Ridesharing Won’t Hurt Car Sales

Car sharing usage will significantly increase, particularly in urban areas among young residents, however most consumers will still opt to own their own cars and car sharing will not significantly hurt car sales, according to a new report. Car sharing …

Auto Insurance Market to Shrink 60% by 2040: KPMG

By the time today’s millennial insurance professionals are its top executives, the U.S. personal auto insurance industry will be a skeleton of its current self. Within 25 years, the private passenger automobile insurance industry will shrink by as much as …

‘Ridesharing’ a Climate Change Solution around the Corner

The solution to reducing carbon emissions may be just around the corner. Car sharing can reduce gas consumption and could ultimately help in the battle to curb climate change, according to a Natural Resources Defense Council director, who maintains that …

San Francisco’s Car-Sharing Taxi Services Flourish Despite Regulators

Two San Francisco-based car-sharing services, including one founded by Zynga Inc. director Sunil Paul, are operating in defiance of California authorities, highlighting how regulators are struggling with a wave of start-ups that encourage people to share everything from cars to …

GM’s OnStar Car Owners Now Able to Rent Out Their Vehicles

General Motors is joining the sharing economy. General Motors announced that its OnStar subscribers can now rent out their idle vehicles through the RelayRides car sharing service, leveraging OnStar connectivity already active in their vehicles to potentially earn money to …