The evidence that Uber is destroying the demand for cars
|06/30/2017||Posted by BusinessMediaguide.Com under General World News||
LONDON — Is Uber destroying the car business?
We have known for a while that Uber is destroying the taxi business. And you have probably heard your city-based friends wondering whether they can rely on Uber instead of buying a new car.
Now we are seeing anecdotal evidence that Uber may actually be reducing the total demand for new private cars. Uber might be doing to cars what the internet did to newspapers, in other words.
Here is what we are seeing: