German car-share boom makes luxury marques available to young drivers
Add BT as a preferred source
Munich
IF Hamburg architect Oliver Kienzler had to buy just one car for his growing family, it would be a sensible Skoda station wagon. Instead, he has an entire fleet of BMWs at his disposal.
He is part of a wave of urban German drivers who could afford to own vehicles but are relying on car sharing instead because they do not want to search for parking, deal with maintenance and pay for insurance. Their choices are starting to have an impact in major cities in Germany, Europe's biggest arena for cars and car sharing, a sign that the market may be shifting away from ownership.
TRENDING NOW
Singapore developer in limbo after Timor-Leste scraps major township project
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
MAS to remove mandatory financial advice for complex products for most retail investors
That ‘cheap’ Malaysia condo could cost Singapore buyers far more than they think
