With the exception of a home, a car is the most expensive purchase a person will likely make (and we hope that home and car aren’t the same thing). Considering the improvements in safety, powertrain, and infotainment technologies, it’s not surprising to see vehicle prices rising at or above the rate of inflation. So, with the fiscal scope of a vehicle purchase firmly in mind, we have to ask: why don’t more people share cars? We posted an earlier article about the prevalence of ride-sharing services and their impact on consumer purchasing trends. While Uber and Zipcar have certainly given drivers more ways to get around, car ownership still seems to be the clearest path to unlocking the flexibility and freedom that a set of wheels can provide.
