I am currently working in the automotive industry. I have come across this business called car sharing service and a company called Zipcar has been successful in the US. There has been a growth of car sharing services in the US, Europe, Japan, and Singapore.
The underlying concept behind car sharing service is the fact that there are people who want to drive their dream cars without actually owning them. When someone owns a car, he or she has to bear the costs of ownership in the form of road tax, insurance, maintenance, petrol, parking fees, resale value etc.
I believe that car sharing service business would also be successful in Malaysia based on the following reasons:-
(a) Executive cars are too expensive in Malaysia due to excise tax.
(b) Some car models have very bad resale value.
(c) A lot of people are eager to drive these executive cars.
The underlying concept behind car sharing service is the fact that there are people who want to drive their dream cars without actually owning them. When someone owns a car, he or she has to bear the costs of ownership in the form of road tax, insurance, maintenance, petrol, parking fees, resale value etc.
I believe that car sharing service business would also be successful in Malaysia based on the following reasons:-
(a) Executive cars are too expensive in Malaysia due to excise tax.
(b) Some car models have very bad resale value.
(c) A lot of people are eager to drive these executive cars.