trending Market Intelligence /marketintelligence/en/news-insights/trending/_hwuvugzh_dwyf-zsnivyw2 content esgSubNav
In This List

Report: General Motors plans Airbnb-like service for cars

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Report: General Motors plans Airbnb-like service for cars

Automobile manufacturer General Motors Co. is looking to allow car owners to rent out their vehicles in a peer-to-peer arrangement, tests for which will begin early in the summer through GM's Maven car-sharing unit, Bloomberg News reported, citing "people familiar with the matter."

People will be able to put their GM cars on Maven's platform for other drivers to rent and share the revenue with the car maker.

The pilot program could mark another step for the automobile company in transitioning to a mobility provider from a manufacturer, if the program is a success and grows into a companywide business, according to the report.

Currently, the Maven unit lets drivers rent cars that GM owns. With a peer-to-peer service in place, the car-sharing unit would get access to more cars without GM actually having to own them.

The pilot program will be similar to what Airbnb Inc. does for real estate. Startups Turo and Getaround are major names in the peer-to-peer car-sharing business, according to Bloomberg. Turo car listings reportedly tripled to 200,000 in the last two years.