COVID-19: Car-hoarding is on the rise

Car-sharing and vehicle subscription services in Australia are booming amid the COVID-19 situation, with reports suggesting consumers are car-hoarding. “Car Next Door, a nationwide peer-to-peer car sharing platform, coined the phrase after it witnessed the number of its ‘long-term’ bookings double over the past week and a half, resulting in limited availability for some of its customers,” said CarAdvice. The company’s CEO said about 20 per cent of the fleet has been booked. (Source: Cad Advice) Read the original story…

About Todd Phillips

Todd Phillips is the editorial director of Universus Media Group Inc. and the editor of Canadian auto dealer magazine. Todd can be reached at tphillips@universusmedia.com.

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