Frost & Sullivan: Carsharing to Re-Define Personal Mobility and Provide New Opportunities for Industry

Frost & Sullivan to Host Analyst Briefing on Carsharing on Tuesday, 9 March, 2010 at 3:00pm GMT

LONDON, March 2, 2010 - Frost & Sullivan estimates that approximately 980 carsharing programs
exist globally. By 2016, Europe and North America combined should account for
over 9 million members sharing 150,000 vehicles through more than 450
programs. Each operating vehicle under the carsharing program is expected to
remove between 5 to 8 cars from the roads. Frost & Sullivan estimates that 1
in 3 new carsharing vehicles by 2016 will be a battery powered electric
vehicle. These amazing and rapidly accelerating trends are expected to pose
some challenges for OEMs as well as provide some unique opportunities for
industry stakeholders.

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To provide unique insights into the carsharing market, the Automotive &
Transportation Group at Frost & Sullivan (www.transportation.frost.com)
is pleased to announce that it will be hosting an online analyst briefing
presentation on Tuesday, 9 March, 2010 at 3:00 pm GMT.

Highlights of the briefing include analyses of the European and North
American market trends, forecasts of carsharing members and vehicles,
business model analysis, regional differences and best practices case
studies.

This briefing will benefit carsharing operators, vehicle manufacturers,
car rental companies, carsharing hardware and software suppliers,
transportation authorities, the business and financial community and relevant
researchers by presenting key findings and implications for the European and
North American carsharing market.

"Frost & Sullivan estimates that the compound annual growth rates of
total carsharing revenues are 43.3 percent and 44.4 percent for Europe and
North America respectively for the 2009 to 2016 period," notes Frost &
Sullivan Partner Sarwant Singh. "Total carsharing vehicles are expected to be
approximately 77,000 and 72,000 for Europe and North America respectively in
2016."

To participate in this briefing, please email Monika Kwiecinska at
monika.kwiecinska@frost.com with: your full name, company name, title,
telephone number, e-mail, address, city, state and country and a registration
link will be e-mailed to you. You may also register to receive a recorded
version of the briefing at anytime by submitting the aforementioned contact
details.

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    Contact:
    Monika Kwiecinska
    Corporate Communications
    T: +48(0)22-390-4127
    F: +48(0)22-390-4160
    E: monika.kwiecinska@frost.com
    www.frost.com

Monika Kwiecinska, Corporate Communications, Frost & Sullivan, +48(0)22-390-4127, fax, +48(0)22-390-4160, monika.kwiecinska at frost.com