The reason that the car market will crater is that many millennials don’t care to own cars. This is partly because they can’t afford to, and partly because with Uber they don’t have to. People’s need for transportation will soon be satisfied by many few cars.
... many fewer ...
“The reason that the car market will crater is that many millennials don’t care to own cars.”
That’s definitely a factor but the full impact hasn’t hit yet. The snowflakes are convinced the car is “destroying Mother Earth”.