10 Aug '17, 8pm

Consumers Want Uber And Lyft Rides Over Buying A Car

Consumers Want Uber And Lyft Rides Over Buying A Car

Some consumers are starting to prefer a shared, hailed ride over buying their own car, a study says. University researchers surveyed more than 1,200 people in Austin, Texas, to find out how their transportation habits changed after ride-hailing firms Uber and Lyft pulled out of the market after a May 2016 local election failed to honor their intentions. The study by University of Michigan Transportation Research Institute, Texas A&M Transportation Institute, and Columbia University, found that 41 percent went back to using their own vehicle to fill the void, and only nine percent went out and bought a car for their mobility needs. About 3 percent chose public transit, and 42 percent switched to another smaller transportation networking company in the market. In May 2016, voters blocked a ballot measure that would have allowed Uber and Lyft to keep using their own backgroun...

Full article: http://www.hybridcars.com/consumers-want-uber-and-lyft-ri...

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