AUTOMAKERS ARE PREPARING FOR LESS INDIVIDUAL CAR OWNERSHIP
The New York Times ' Neal Boudette wrote on Tuesday about how the big carmakers are adjusting to the threat of ride hail making individual car ownership obsolete. Among the interesting bits were examples of Los Angeles-area people going mostly carless (from my view the last and final test among U.S. cities), that automakers are now considering the first and last mile (to the bus or train station and back) that mostly occupies public transit analysts, and that a shift away from individual car ownership could be a financial relief for automakers, who expend massive capital to produce new cars. Boudette breaks out that math: Automakers are generally betting that sales of vehicles to fleet services will offset any decline in sales to individual consumers. Boston Consulting Group predicts that 44,000 cars will be sold to ride-sharing fleets in North America in 2021, more than making up for an expected net decline in consumer sales of about 8,000 vehicles. The bigger impact mi...