Owning a vehicle can be costly. Ride and carsharing services could save consumers money, which is why more and more companies, like Toyota and Bosch, are making investments in the space. Being able to service the vehicles used looks to be a valuable service in the future.

 

Carsharing vehicle market to increase by 254,000 from 2017 to 2018

  • 16.57% of car-owning millennials said apps like Uber and Lyft have made them re-think car ownership
  • 11.58% of car-owning millennials have driven for a ride-share program like Uber
  • $1 billion = the amount of money Toyota will invest in vehicle dispatch service platform Grab
  • $3.6 billion = the amount of money OTA updates and prognostics can save ridesharing services

 

Sources:

LendEDU, “Where Will Millennials Take the Car Industry?”

Frost & Sullivan, “Global Mobility Industry Outlook, 2018”

ABI Research, "Smart Mobility Maintenance: Modular Hardware, OTA Updates, and Prognostics"


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