Uber will shut down its Carshare business, bringing the end to an Australian experiment it began in 2022 with the $105 million acquisition of Car Next Door.
Already a subscriber?Uber’s plan to shake up car ownership in Australia and get owners to rent out their cars when they aren’t using them will grind to a halt in coming weeks after the US giant pulled the pin on its Carshare business.$105 million acquisitionUber acquired Car Next Door to start a local car-sharing business in 2022, but will now close it down.The service was a heavily promoted first step globally for Uber into the car-sharing market.
In the context of higher cost-of-living pressures from interest rate rises and higher petrol prices, Uber was bullish in its expectations for the division, with its local general manager of rides, Dom Taylor, declaring it would change the way Australians viewed the need to own multiple cars. “We moved out of the peer-to-peer car rental space because we thought we could offer higher-quality vehicles and better customer service if we owned the fleet or worked directly with automotive manufacturers or dealers who could provide high-quality vehicles,” Carly chief executive Chris Noone said on Wednesday.
“In our experience, Australians prefer direct access to their vehicles without needing to pre-plan the use of them. Convenience is a huge factor in the decision-making around how Australians access cars,” Mr Hang said.
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