• Detroit Bureau, Friday, September 20, 2013 8:06 AM

Hertz, Avis and other traditional rent-a-car firms have purchased pioneers in the short-term rental market, such as ZipCar, over the last couple years. Good investments. A new study predicts that the number of members subscribing to car-sharing services will surge by more than 550% before the end of this decade – from the current 2.3 million to more than 12 million. Global revenues are expected to grow even more rapidly, forecasts Navigant Research, jumping from an anticipated $1 billion this year to $6.2 billion in 2020.

Read the whole story at Detroit Bureau »