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New technology is disrupting legacy automakers' business models and dampening consumer demand for purchasing vehicles. Tech-mediated models of transportation — like ride-hailing, for instance — are presenting would-be car owners with alternatives to purchasing vehicles.Business Insider Intelligence
In fact, a study by ride-hailing giant Lyft found that in 2017, almost 250,000 of its passengers sold their own vehicle or abandoned the idea of replacing their current car due to the availability of ride-hailing services.
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See Also:
- Delayed spending, fewer promotions, and 'rationalization': How Lyft surprised Wall Street as it continues to gain ground on Uber.
- LAX apologized for the catastrophic rollout of a policy barring Uber and Lyft drivers from picking people up outside the terminal
- New data shows Lyft is continuing to gain on Uber.
from Business Insider https://ift.tt/2JHWYRe
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