Ride sharing has not “killed'” private car ownership, as some had supposed. Studies show the majority of Americans still want to own and drive their own vehicles, and car retailing indeed remains the largest consumer category in the U.S. economy.
Traditional car rental companies have secured deals with OEMs for fresh vehicle supply, while private customers are still looking at wait times of 6-12 months for new vehicles. These rental companies include Hertz and Avis Budget Group.
WardsAuto highlights an a fantastic thought-leadership piece written by RAVIN.AI, read the full article here.