Lyft filed for public offering and part of their pitch to investors is the future of car ridership is not needing to own a car. They cite various geographies like the Euro Zone where car sales are plummeting.
In the U.S. the story is mixed because passenger car sales are plummeted year over year by 13.5%, but trucks and pickups made the big automakers make up the difference.
Is it really Uber and Lyft? How about cheap oil driving big vehicles? Don't Uber and Lyft drivers have to buy cars too?