“We know the world is moving from the mindset of owning vehicles to owning them and sharing them,” Ford CEO Mark Fields told media of the automaker’s forays into mobility and the related business of autonomous vehicles.

“Without any doubt, I think there will be more shared cars in the future. Will this be the dominant trend? I don’t think so,” Renault-Nissan Chairman Carlos Ghosn told website Techcrunch.com last year.

“The vast majority of Millennials prefer to own a car just for them,” said Dietmar Exler, president and CEO-Mercedes Benz USA. “They don’t want to share it. They (see it as) an asset they want to have available.”