Car ownership ain’t what it used to be. Despite more people buying cars than ever before, the big auto companies are experimenting with alternate ownership models under the assumption that their sales will drop in the future. The most recent example is General Motors, which announced Tuesday a new peer-to-peer car-sharing service, in which owners of GM-branded vehicles would rent their cars to other people.
The service, which will be operated under the automaker’s two-year-old Maven car-sharing company, has been in works for months. But it will be limited at first: car owners who live in Chicago, Detroit, and Ann Arbor, Michigan, can list and rent out their own personal cars when they aren’t using them, much like Airbnb users do with...
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