uber

Uber (and Lyft) revolutionized transportation – cheap rides, the most successful app in the store and pretty much creating digital on-demand work. It can’t lose, right? Wrong, kind of.

Uber went public, the obvious next step for the transportation giant. As the market closed on May 10, the company’s stock was down 7.8 percent from its I.P.O. On Monday, May 13 it plummeted to $37.10 per share, but it has since leveled out. Lyft hasn’t had much luck either. While it initially surged, the luster wore off soon after launching, and it posted a loss for Q1.

At the end of 2017, Automotive News wrote an article about its predictions for the automotive industry in 2018. We thought it would be fun to see how close they got with these predictions, so let’s take a look to see how they played out.

Ride-Sharing: Is It Really the Future of Transportation?

Don’t believe everything you see on the news folks! There is an overwhelmingly common misconception that consumers (Millennials especially) are ditching their own ride and hopping into someone else’s! This simply is not true! As Millennials age into the next phase of their life they progress into the same structure people before them always have… owning their own home AND owning a vehicle (which is most likely a crossover or SUV). 

Whether autonomous vehicles (AVs) are a good thing or bad won't be decided until public has the product. But their technology is already blowing like a Nor'easter into the dealer community, promising a blizzard of legal issues that may affect the nature of the OEM franchise. I'm concerned that the next great disruptor - the autonomous vehicle - may "jump the franchise," and decimate the distribution system that has served car buyers squarely for more th