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Owning a car is a luxury, and part of the psychology of a luxury good is its exclusivity. Obviously, a “production” sports car limited to 25 examples is one kin
by braythwayt 7y ago
Owning a car is a luxury, and part of the psychology of a luxury good is its exclusivity. Obviously, a “production” sports car limited to 25 examples is one kind of exclusivity, but a car that is exclusively for your personal use is another kind of luxury.
And with that exclusivity comes the right to personalize your experience, from features to things for your kids to bumper stickers to blasting your music rather than having to ask the driver for another station or listen to your music on air pods.
The luxury of owning your own car may not appeal to everyone, but I do not see car shares and ride shares replacing cars for everyone at this time, it would take a major cultural shift and then several generations to age out of the market and die off before it ceases to be an economic factor.