Will People Still Own Cars in the Future?

This week’s Convenience Matters podcast takes a closer look into consumer car-buying trends.

September 04, 2019

ALEXANDRIA, Va.—On this week’s episode of Convenience Matters, “The End of Car Ownership?,” NACS hosts Donovan Woods, director of operations for the Fuels Institute, and Jon Eichberger, executive director for the Fuels Institute, talk with Micah Muzio, managing editor of video for Kelley Blue Book about whether car ownership is on the wane.

Muzio discussed current trends that may indicate the automobile industry is moving in a few specific directions, particularly in regard to space. “So many SUVs! SUV sales, especially in the compact SUV space…have peaked and have started to taper off a little bit but still remain strong. What I’m seeing, is still…huge enthusiasm for the SUV space. Meanwhile…those subcompact cars are not as popular as they once were. People have really moved from the car space to the crossover sports utility space. In the past, people who would have bought a mid-size sedan…have moved down a category to the crossover utility space instead.”

Another point Muzio brought up was that with an aging population, crossover SUVs offer more ease for getting into and out of the vehicles, and that’s part of the reason for their popularity.

Meanwhile for electric vehicles, Muzio is seeing more of a slow rollout. “There’s more visibility for alternative fuel vehicles than sales justify. But there’s an inevitable future for electric type vehicles.” He added, “You still need infrastructure to support [these] vehicles.…Personally, I’d much rather stop to recharge at a place where I can get a Sprite and a Twix than in the middle of nowhere.”

Each week a new Convenience Matters episode is released. The podcast can be downloaded on iTunes, Google Play and other podcast apps, and at www.conveniencematters.com. Episodes have been downloaded by listeners more than 60,000 times in 80 countries.