[PDF] peer to peer car sharing business model

What is a peer-to-peer carsharing service?

Peer-to-Peer (P2P) carsharing services such as Turo, Getaround or Drivy, have also been called the AirBnB for vehicles: they allow car owners to convert their personal vehicles into shared cars which can be rented to other drivers on a short-term basis.

What is peer-to-peer (p2p) car sharing?

“Peer-to-peer (P2P) car sharing” refers to sharing privately-owned vehicles, for money, over an internet platform operated by a third-party. It is often referred to as “Airbnb for cars,” because of its similarity to other companies and business models that are part of the “sharing economy.”

Are peer-to-peer car-sharing platforms a threat to traditional car rental companies?

- Bloomberg Peer-to-peer sharing services that let owners rent out their vehicles are a focus of concern from traditional car rental companies, who see disruption ahead. A new challenger has arrived: Peer-to-peer car-sharing platforms like Turo have earned the ire of traditional car rental companies.

What is car sharing and how does it work?

What is car sharing? Car sharing is where you rent a vehicle for a short space of time, from a private owner, through a P2P car rental company. It’s not to be confused with taxi or ride-sharing services like Uber. Rather, it’s where car owners offer their personal vehicles for others to rent for short periods.