In the US, demand for Uber and Lyft fell by over 80{3bfdc6388b67058ebf31f91cad8534fc6eadf969a34f41b0290e9edbf0628986} in April from pre-COVID ranges. However, Counterpoint continues to hold up its current outlook for the US auto PV and light vehicles market at a base case estimate of just about thirteen.4m models in 2020, marking a 24{3bfdc6388b67058ebf31f91cad8534fc6eadf969a34f41b0290e9edbf0628986} YoY contraction. As many states throughout the country eased shelter-in-place restrictions in the course of the month, May also brought attempts by auto OEMS trying to return to normalcy with restarts at their meeting crops. Leading Korean carmaker Hyundai noticed a 13{3bfdc6388b67058ebf31f91cad8534fc6eadf969a34f41b0290e9edbf0628986} YoY decline, a 5{3bfdc6388b67058ebf31f91cad8534fc6eadf969a34f41b0290e9edbf0628986} pt improvement from April. Honda noticed a May YoY sales drop of 17{3bfdc6388b67058ebf31f91cad8534fc6eadf969a34f41b0290e9edbf0628986}, with trucks performing much better than cars – down 10{3bfdc6388b67058ebf31f91cad8534fc6eadf969a34f41b0290e9edbf0628986} and 25{3bfdc6388b67058ebf31f91cad8534fc6eadf969a34f41b0290e9edbf0628986}, respectively.Toyota reported a YoY sales decline of 26{3bfdc6388b67058ebf31f91cad8534fc6eadf969a34f41b0290e9edbf0628986}, May’s unit sales have been virtually double that of April, which fell 56{3bfdc6388b67058ebf31f91cad8534fc6eadf969a34f41b0290e9edbf0628986} YoY. Utilization of existing vehicle fleets into logistics and food supply can open up new revenue streams for micro-mobility companies. For occasion, two-wheeler sharing firm Rapido is trying to earn 25{3bfdc6388b67058ebf31f91cad8534fc6eadf969a34f41b0290e9edbf0628986} of its revenues from logistics transferring forward.

Through our research, we’ve discovered a number of essential misconceptions about car subscriptions that both current and would-be trade members …