Car Ownership Has Peaked—or Maybe It Hasn’t, from Money Magazine.
After a strong January for the auto industry, forecasts call for rising car sales in 2015—followed by more increases in the years ahead. So what’s this business about already hitting “Peak Car”?
By and large, the data indicate that people around the world—young people in particular—are driving less, less interested in owning cars, and even less likely to bother getting driver’s licenses. In light of such statistics, the argument is that America, and perhaps the world as a whole, has reached the marker that’s been dubbed as “Peak Car,” the point at which car sales and ownership and driving in general go no higher.
Photo Credit: Per-Anders Pettersson – Getty Images