Though the US car market is running at near-record sales, for many shoppers this will be the last car they ever buy. They're not going to stop using cars, but a significant number will stop owning or leasing them. Instead, they'll turn to mobility service providers such as Uber and ZipCar. Thilo Kosloski, the analyst from Gartner Research, predicts that "by 2025, 20 percent of cars will not be owned by an individual."

Would certainly never buy a new car. It's an awful investment. If I lived in a decent city or even a walkable village, I might consider not having one at all. To my eye, Uber and it's ilk seem exploitative. Mostly residing in one boondock or another, we prefer to buy gently totalled autos at auction and have them patched up.

posted 3074 days ago