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Ridesharing Services Have Definite Impact On Car Sales

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Areas served by ride services like Uber and Lyft may be driving down car sales.That's because a new study shows consumers in these neighborhoods may buy fewer cars and take fewer trips.According to Reuters, the study focused on Austin, Texas, where on-demand services like Uber and Lyft pulled their services due to a local ordnance.According to Reuters, 41 percent of 1,200 people surveyed said they used their own car to fill the void left by Uber and Lyft.Not only that, 9 percent purchased a vehicle for this purpose. http://feeds.reuters.com/~r/Reuters/d... http://www.wochit.com This video was produced by YT Wochit Business using http://wochit.com

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domesticNews Lyft Inc Uber Technologies Inc Car Sharing Transport car sales public transport gig economy car ownership urban settings ridesharing
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