Why Lyft and Uber are continuing to grow.
In many cities, some people are turning in their cars, or refraining from buying one, because of the widespread availability of ridesharing services. While drivers have been hearing about this from riders for a while, a new poll confirms the small, but growing trend. It’s similar to the trend among cable subscribers who have cut the cord and are relying on online streaming services.
Nearly a quarter of American adults sold or traded in a vehicle in the last 12 months, according to a Reuters/Ipsos opinion poll published on Thursday, with most getting another car. But 9 percent of that group turned to ride services like Lyft Inc and Uber Technologies Inc as their main way to get around.
Have you sold your car, or not bought a new car in order to rely on ridesharing services? Let us know.