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Lyft Co-Founder: ‘Most Millennials Won’t Own a Car in Five Years’…And Data Supports This!
Electronic Urban Report's This N That ^ | July 8, 2015

Posted on 07/12/2015 12:09:17 AM PDT by 2ndDivisionVet

*If you’ve never heard of ride-sharing, app-based taxi services like Uber and Lyft, you probably don’t get out much.

They are pretty much taking over the world.

And John Zimmer, who co-founded Lyft, even goes as far as saying that in five years, most millennials won’t own a car. They will see no need for it.

“You could actually start seeing the majority of millennials in the next five years or so saying there’s no reason I should get a car,” Zimmer told Mashable recently. “The car used to be the symbol of American freedom. Now it’s like …owning a $9,000 ball and chain, because you have $9,000 in expenses on your car every year.”

Sounds like something someone with a ride-sharing business would say.

But apparently there’s data to support his theory.

An article in Huffington Post states millennials are less likely to get driver’s licenses compared to previous generations; and according to the AAA Foundation for Traffic Safety, the number of cars purchased by people aged 18 to 34 fell by almost 30 percent from 2007 to 2011.

Of course this could be for a number of reasons. The economy; parents unable to foot the bill for a monthly car note.

And these days, the Generation Y’ers use skateboards, bikes and public transportation more often as a means of travel. So this could also lend itself to the reasons why they are not purchasing cars.

Yet it is true, as Mashable notes, that this millennial shift has contributed greatly to the success of ride-sharing companies like Lyft and Uber, whose worth is at least $2 billion and $40 billion respectively.

Not to mention the contributions of their parents and grandparents; who rely heavily on the service for their own means of regular transportation.

Yet and still, the jury is still out on whether or not cars will soon be obsolete for the Gen Y set. A survey conducted this year found that 43 percent of millennials are actually likely to purchase a car in the next five years.

“Whatever millennials do right now, it’s highly likely that they’ll drive more as they age into their 30s and 40s,” wrote reporter Emily Badger in an op-ed for The Washington Post last year. “The question is whether they’ll continue to drive less than their parents did at each stage of life — and whether future generations will replicate their patterns.”


TOPICS: Business/Economy; Computers/Internet; Society; Travel
KEYWORDS: automobiles; blackkk; lyft; millennials; redistribution; reparations; uber; whiteprivilege
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To: Jonty30
I'm wondering if there are any Freepers out there who drive for Uber or Lyft.

The more I see of these companies, the more I think they have a thriving business mainly because their drivers get the shaft nearly every time they give someone a ride. That whole business model is going to collapse once drivers realize how little money they actually make when you factor in all the costs of doing business.

61 posted on 07/12/2015 5:02:04 AM PDT by Alberta's Child ("It doesn't work for me. I gotta have more cowbell!")
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To: 2ndDivisionVet

> “An article in Huffington Post states millennials are less likely to get driver’s licenses compared to previous generations; and according to the AAA Foundation for Traffic Safety, the number of cars purchased by people aged 18 to 34 fell by almost 30 percent from 2007 to 2011.”

Its not because they didn’t want them; its because they couln’t afford them, dummies. You know because of those huge student loans that you said they needed for liberal arts and transgender study degrees.../s


62 posted on 07/12/2015 5:04:31 AM PDT by jsanders2001
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To: Jonty30

How do they check your driving record? And does absolutely clean mean no wrecks or no speeding tickets?


63 posted on 07/12/2015 5:04:44 AM PDT by Yardstick
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To: piasa

You just gave me an Idea....


64 posted on 07/12/2015 5:05:31 AM PDT by ABN 505 (Right is right if nobody is right, and wrong is wrong if everybody is wrong. ~Archbishop Fulton John)
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To: Praxeologue

Wait a second, isn’t all this carless society BS just copying the European society blueprint? And the UN and the WH do want us to go the way of Europe to be compliant with the Agenda 21 standard...so there may be a bigger picture at work here by promoting and publicizing articles like this..,


65 posted on 07/12/2015 5:11:02 AM PDT by jsanders2001
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To: piasa
I can’t picture Uber letting me load 8 sheets of plywood and a bunch of 2 x 4s onto the vehicle...

A $20 Home Depot rental solves that one. Besides, Uber works better in urban areas, much of the pick up truck to haul plywood thing is suburban/ural.
66 posted on 07/12/2015 5:15:59 AM PDT by Dr. Sivana (There is no salvation in politics)
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To: Yardstick

They care about your demerits. More than offenses that care demerits and you wont be driving for them.


67 posted on 07/12/2015 5:16:17 AM PDT by Jonty30 (What Islam and secularism have in common is that they are both death cults)
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To: TangibleDisgust

UN’s Agenda 21


68 posted on 07/12/2015 5:27:08 AM PDT by CPT Clay
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To: 2ndDivisionVet

Cars require a job, and if mom is willing to take you, why even worry...


69 posted on 07/12/2015 5:31:08 AM PDT by SampleMan (Feral Humans are the refuse of socialism.)
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To: 2ndDivisionVet

It most likely doesn’t. Personal lines policies don’t cover you if you’re transporting people/property for a fee.


70 posted on 07/12/2015 5:31:19 AM PDT by mykroar ("Never believe anything until it has been officially denied." - Otto von Bismarck)
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To: 2ndDivisionVet


71 posted on 07/12/2015 5:32:55 AM PDT by JoeProBono (SOME IMAGES MAY BE DISTURBING VIEWER DISCRETION IS ADVISED;-{)
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To: 2ndDivisionVet

There’s a difference between “own” and “afford.”


72 posted on 07/12/2015 5:35:09 AM PDT by Organic Panic
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To: 2ndDivisionVet

They’re gonna be in big trouble in TX. It’s a long walk across this desert. LOL


73 posted on 07/12/2015 5:39:08 AM PDT by Hattie
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To: 2ndDivisionVet

Honey, I have to take the kids to soccer, can I use the BIG skate board?


74 posted on 07/12/2015 5:40:10 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: 2ndDivisionVet

I have a 2001 Camry manual transmission. The thing is indestructible, an anvil.


75 posted on 07/12/2015 5:43:43 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va


76 posted on 07/12/2015 5:45:29 AM PDT by JoeProBono (SOME IMAGES MAY BE DISTURBING VIEWER DISCRETION IS ADVISED;-{)
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To: exnavy

“I bought a 92 ford ranger for 1500 4 years ago, 30 mpg on the highway, hauls everything, just won’t die.”

Very smart move. Those are re-badged Mitsubishi L200s. My compliments.


77 posted on 07/12/2015 5:45:55 AM PDT by Justa
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To: Jonty30
probably $300/month in maintenance

What kind of car requires that much maintenance?

78 posted on 07/12/2015 5:46:03 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: jsanders2001

“Emergency vehicles only” is part of agenda 21. The serfs will be made to feel giving up their freedom of movement is a liberation and not a gelding.


79 posted on 07/12/2015 5:47:50 AM PDT by Dirt for sale
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To: central_va

I drive about 8,000 km every three months. My maintenance, on average, is about $400_$1,000 every three months.


80 posted on 07/12/2015 5:50:05 AM PDT by Jonty30 (What Islam and secularism have in common is that they are both death cults)
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