I don't think the cartel answer is a good one. The standard problem with cartels is that prices are too high. There seems no reason why this would be more or le

I don't think the cartel answer is a good one. The standard problem with cartels is that prices are too high. There seems no reason why this would be more or less of a problem with the approach of renting services. Also, the claim that the car market is uncompetitive is not so easy to make. The top 5 players have about half of the market.[1] This is less concentrated than (say) the market for breakfast cereal. The market is quite global. Artificial barriers to entry have not stopped numerous recent entrants. It might even be that new pricing strategies like selling services will allow more entrants to the market - Tesla being the obvious example. [1] https://courses.lumenlearning.com/suny-microeconomics/chapter/competition-among-the-few/ https://courses.lumenlearning.com/suny-microeconomics/chapte... - probably not the best source but ok for a quickie.