The Effect of Ride-Sharing on the Auto Industry

Ride-share technology, facilitated by universal smartphone penetration, has decimated the taxi industry; meanwhile carmakers have enjoyed record sales. Rather than declining sales volumes, as many pessimists have predicted, the biggest threat seems instead to be increased vehicle homogenization. This holds the potential to radically affect the profitability of new vehicle manufacturing and the viability of the used car industry in general.

Download the full article to learn about possible longer-term ramifications of ride-sharing for the broader auto industry.