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Title:

A Review of the Changing Prices and Tax Levels for Neighborhood Carsharing in the United States: 2011-2016
Cover of A Review of the Changing Prices and Tax Levels for Neighborhood Carsharing in the United States: 2011-2016

Accession Number:

01623359

Record Type:

Component

Abstract:

This study explores the changing prices and level of taxation for neighborhood carsharing through a review of hourly rates in 80 U.S. cities and an analysis of the pricing by three major carsharing companies: car2go, Maven, and Zipcar. The results show that, between 2011 and 2016, the base price of a one-hour Zipcar carshare dropped from $9.39 to $8.92, a 5.0% decline. In real (inflation-adjusted) terms, prices experienced an even a more dramatic 11.2% reduction, suggesting that the sector is facing significant downward price pressure. Each of the three operators evaluated, car2go Maven, and Zipcar, all have the lowest prices in some scenarios. Retail taxes, which were 15.5% in 2011, rose to 17.0% in 2015, offsetting almost a third of the price reduction. Interpreted broadly, these results support the notion that carsharing is a maturing industry characterized by extensive competition and retail tax rates that are substantially higher than most other segments of the “sharing economy.”

Supplemental Notes:

This paper was sponsored by TRB committee ADD20 Standing Committee on Social and Economic Factors of Transportation. Alternate title: Review of Changing Prices and Tax Levels for Neighborhood Carsharing in the United States: 2011-2016.

Monograph Accession #:

01618707

Report/Paper Numbers:

17-05888

Language:

English

Corporate Authors:

Transportation Research Board

500 Fifth Street, NW
Washington, DC 20001 United States

Authors:

Schwieterman, Joseph P

Pagination:

19p

Publication Date:

2017

Conference:

Transportation Research Board 96th Annual Meeting

Location: Washington DC, United States
Date: 2017-1-8 to 2017-1-12
Sponsors: Transportation Research Board

Media Type:

Digital/other

Features:

Figures; References; Tables

Geographic Terms:

United States

Subject Areas:

Economics; Finance; Highways; Planning and Forecasting

Source Data:

Transportation Research Board Annual Meeting 2017 Paper #17-05888

Files:

PRP, TRIS, TRB, ATRI

Created Date:

Dec 8 2016 12:22PM