I don't quite agree with you, at least as far as car sharing is concerned. At least here in Cologne there are at least 3-4 other providers besides Sixt, Miles (you hardly ever see them here) and Ford Car Sharing. I don't think Munich is very representative, as it is the headquarters of Sixt. If you believe in the future of autonomous vehicles, the entire car sharing market and also the rental car market in its current form is superfluous and obsolete. In addition, if I only have to drive short distances, even an Uber is cheaper than a rental car or car sharing.
That's why $SIX2 is not an investment for me, even if autonomous vehicles will still take a long time in Europe.
That's why $SIX2 is not an investment for me, even if autonomous vehicles will still take a long time in Europe.
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@Multibagger I completely agree with you, and there is also the fact that private individuals / small businesses could probably also make their vehicles available to other people during the standstill phases and thus also finance the vehicle themselves and let it work. If I were to invest in this sector, I would rather use $GOOGL or $UBER. With $GOOGL, I also benefit from several trends and they are currently very attractively valued.
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@Multibagger Thanks for the comment and also the reference to Ford Sharing, I didn't even know that. I did a bit of research and only found one other provider in Europe (Zity) in Milan and Madrid and one that operates in the Baltic States and other parts of Eastern Europe.
What is your forecast for a widely accepted autonomous cab or autonomous shared cab in Germany and Europe? Fortunately, the safety standards in this country are extremely high, plus there is a general skepticism in Germany towards technology (keyword cash) and, last but not least, simply the psychological difference of holding the wheel in your own hands, planning the route yourself, deciding for yourself whether to cross a yellow traffic light... I don't know what it's like in Cologne, but in Munich, car-sharing cars are often used for weekend trips. An Uber would be out of the question for this and a classic car rental is much more inconvenient, as you have to go to the branch first and have a formal handover.
Personally, I'm also involved with Google and Uber, but I see the greatest potential with the least risk in Sixt. And I wouldn't rule out the possibility that Sixt, which rarely sleeps through innovations, might one day also enter the European market for autonomous cabs as soon as the way is paved for this.
What is your forecast for a widely accepted autonomous cab or autonomous shared cab in Germany and Europe? Fortunately, the safety standards in this country are extremely high, plus there is a general skepticism in Germany towards technology (keyword cash) and, last but not least, simply the psychological difference of holding the wheel in your own hands, planning the route yourself, deciding for yourself whether to cross a yellow traffic light... I don't know what it's like in Cologne, but in Munich, car-sharing cars are often used for weekend trips. An Uber would be out of the question for this and a classic car rental is much more inconvenient, as you have to go to the branch first and have a formal handover.
Personally, I'm also involved with Google and Uber, but I see the greatest potential with the least risk in Sixt. And I wouldn't rule out the possibility that Sixt, which rarely sleeps through innovations, might one day also enter the European market for autonomous cabs as soon as the way is paved for this.
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•@jonas189 In the long term, I'm only in with $GOOGL because even if Waymo flops, which I don't expect, they are the furthest along of all and have a functioning technology that has already been tested in a meaningful market, they still have enough other mainstays and, above all, they are in a great financial position and can pay for due investments out of petty cash. As NRW is now a conurbation, I think relatively few car sharing offers are used for trips. It feels like every family here has 2 cars, local transport is very well developed and the underground runs every 20 minutes all night. According to my subjective impressions, car sharing here is more likely to be used by business travelers who don't live here but are here for company visits, trade fairs, etc.
I would not invest in $SIX2, $UBER, or other companies in this segment in the long term. I would not rule out trading and I have already done so several times at $UBER.
I would not invest in $SIX2, $UBER, or other companies in this segment in the long term. I would not rule out trading and I have already done so several times at $UBER.
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