In the future, no one will own a car. Here’s why and what it means for investors

Sales of new cars are plummeting. If Dominic Frisby’s experience is anything to go by, that’s no surprise. Soon, nobody will ever need to own a car again. Here’s why.

181010-car-sharing

Zipcar one of the many new ways to get around by car
(Image credit: 2006 Getty Images)

Car sales in Germany slumped by 30.5% compared to the same month last year, I read this morning on Twitter.

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Dominic Frisby

Dominic Frisby (“mercurially witty” – the Spectator) is as far as we know the world’s only financial writer and comedian. He is the author of the popular newsletter the Flying Frisby and is MoneyWeek’s main commentator on gold, commodities, currencies and cryptocurrencies. He has also taken several of his shows to the Edinburgh Festival Fringe.

His books are Daylight Robbery - How Tax Changed our Past and Will Shape our Future; Bitcoin: the Future of Money? and Life After the State - Why We Don't Need Government

Dominic was educated at St Paul's School, Manchester University and the Webber-Douglas Academy Of Dramatic Art. You can follow him on X @dominicfrisby