US auto sales may drop about 40 per cent in the next 25 years because of shared driverless cars, forcing mass-market producers such as General Motors and Ford to slash output.
Vehicle ownership rates may fall by almost half as families move to having just one car, according to a report by Barclays analyst Brian Johnson. Driverless cars will travel twice as many kilometres as current autos because they will transport each family member during the day, he wrote.
Large-volume automakers “would need to shrink dramatically to survive,” Mr Johnson wrote. “GM and Ford would need to reduce North American production by up to 68 per cent and 58 per cent, respectively.”
http://www.afr.com/news/world/driverless-cars-may-cut-us-auto-sales-by-40pc-barclays-says-20150520-gh5fl6