Demographic and economic trends, and improving transport options, including more carsharing services, are contributing to a long-term decline in automobile ownership and use.
Car sharing might seem like a realtively novel concept, but it's already having a dramatic effect, along with other social and demographic factors, on the auto sales industry, according to an article by Neal E. Boudette..
"Car-sharing services such as Zipcar Inc. and Cars2Go are eating into demand for new and used cars, adding to social changes such as smaller households and mass-transit improvements, that pose long-term challenges for new-car sales, according to two recent studies."
"AlixPartners LLP, a consulting firm with a large automotive practice, says Americans would have purchased about 500,000 new or used cars between 2006 and the end of 2013, if they didn't have car sharing services as an alternative."
"'It is a huge difference,' said Mark Wakefield, a managing director at AlixPartners. The firm's study is based on surveys of car-sharing customers in 10 major cities where car sharing has taken root, including Boston, Washington, D.C., New York, San Francisco, Seattle, San Diego, Miami, Chicago, Austin, Texas, and Portland, Ore."
"Over time, as car sharing expands beyond these major markets, the firm expects the impact on auto sales to increase. 'This is only just coming up on the radar screen,' Mr. Wakefield said. U.S. new car sales last year rose 7% over 2012 to 15.6 million vehicles and are projected to increase this year."
Boudette also shares news of a second study portending similar impacts on car sales: "Michael Sivak, a researcher at the University of Michigan Transportation Research Institute, concluded in a paper published in July that the number of vehicles on the road per household and per licensed driver, and the number of miles driver per household and per licensed driver, have been falling for nearly a decade...From that, he concludes that societal shifts such improved public transportation networks and increased telecommuting are driving the decline in vehicle ownership rates, not just the slumping economy."
FULL STORY: Car-Sharing, Social Trends Portend Challenge for Auto Sales
Depopulation Patterns Get Weird
A recent ranking of “declining” cities heavily features some of the most expensive cities in the country — including New York City and a half-dozen in the San Francisco Bay Area.
California Exodus: Population Drops Below 39 Million
Never mind the 40 million that demographers predicted the Golden State would reach by 2018. The state's population dipped below 39 million to 38.965 million last July, according to Census data released in March, the lowest since 2015.
Chicago to Turn High-Rise Offices into Housing
Four commercial buildings in the Chicago Loop have been approved for redevelopment into housing in a bid to revitalize the city’s downtown post-pandemic.
Google Maps Introduces New Transit, EV Features
It will now be easier to find electric car charging stations and transit options.
Ohio Lawmakers Propose Incentivizing Housing Production
A proposed bill would take a carrot approach to stimulating housing production through a grant program that would reward cities that implement pro-housing policies.
Chicago Awarded $2M Reconnecting Communities Grant
Community advocates say the city’s plan may not do enough to reverse the negative impacts of a major expressway.
City of Costa Mesa
Licking County
Barrett Planning Group LLC
HUD's Office of Policy Development and Research
Mpact Transit + Community
HUD's Office of Policy Development and Research
City of Universal City TX
ULI Northwest Arkansas
Town of Zionsville
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.