Maven’s Peer Cars, a peer-to-peer car sharing program, only launched this past July, but big changes are on the horizon.
Automotive News (subscription required) reported Monday that Maven will add the ability for non-GM vehicle owners to share their vehicles via Peer Cars in 2019. Julia Steyn, vice president of GM Urban Mobility and Maven, made the announcement at the UBS Global Technology Conference in San Francisco and said the update will come in mid-2019.
Peer Cars allows GM vehicle owners (and some eligible lessees) to rent their cars out when they’re not in use. Profits are split 60/40 with the owner and GM. However, Steyn said 40 percent of people interested in renting their vehicle out via Peer Cars do not own a GM vehicle. Like the current requirements, non-GM vehicles will also have to be a 2015 model year or newer, too.
The addition of non-GM vehicles should help Peer Cars expand and become more profitable for the automaker. Steyn said Maven has doubled its revenue every year so far. Maven also operates traditional car sharing, provides cars for freelance workers via Maven Gig, and perhaps will one day launch its own ride-sharing service to rival Uber and Lyft.
Maven’s boss added cars and trucks are Peer Cars’ major points of growth for now. But, one day, Maven could provide a platform for anything that sits unused. That could include anything from RVs to lawn mowers.
Ahead of the future outlook, Maven’s Peer Cars will expand to 10 new cities by the end of this year. By then, the service will be available in Ann Arbor, Baltimore, Boston, Chicago, Washington D.C., Denver, Detroit, Jersey City, Los Angeles and San Francisco.