Analysts Predict Ride-Sharing Could Actually Increase Vehicle Sales

Forbes – March 29, 2016

Analysts at Deutsche Bank AG contend auto sales could actually rise as a result of ride-sharing. The analysts acknowledged that the growth of on-demand mobility via private vehicles could initially shrink the number of cars on U.S. roads by more than 25 million, but the flipside is that this reduction in the number of vehicles could be offset be a much shorter lifespan of cars that, on average, will be much more heavily utilized to transport more people. This will result in higher turnover – and a subsequent rise in auto sales.

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