Consumers may buy fewer cars in areas served by Uber, Lyft: study
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August 10, 2017Beware of Security by Press Release
August 10, 2017This post was originally published on this site
DETROIT (Reuters) – In areas served by Uber Technologies Inc, Lyft Inc and other ride services operate, consumers may buy fewer cars and take fewer trips, according to a new study released on Thursday.
The study, compiled by the University of Michigan Transportation Research Institute, Texas A&M Transportation Institute and Columbia University, focused on Austin, Texas, where on-demand services like Uber and Lyft pulled services due to a local ordnance.
The study found that 41 percent of 1,200 people surveyed said they used their own car to fill the void left by Uber and Lyft, and 9 percent purchased a vehicle for this purpose.
Reporting By Nick Carey; Editing by Bernadette Baum