Americans are holding on to their cars for longer than ever, with the average age of vehicles on US roads reaching 11.5 years. But people’s lives can change dramatically in that time. Offering a flexible alternative to ownership or renting, Clutch lets people pick the perfect car for any occasion.

Car experts think that Europe is already experiencing 'peak car'. With smartphones and the internet offering young people freedom, renting rather than owning feels more appropriate to free-wheeling Gen Y. Could Audi’s sharing scheme signal a turning point in the industry?

As Millennials increasingly perceive ownership as a burden, car-sharing companies like DriveNow are changing the game. From Dusseldorf to Munich, they’re catering to an ever-growing percentage of young Germans for whom owning a car is no longer a viable or ‘cool’ thing to do.

The desire to own and drive your own car used to be a life-defining characteristic for young Brits – but its importance is fading. And it’s the same case in other countries too, from the US and Germany to Japan and Australia. But why? And how is the car industry responding?