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I'm not convinced by this argument. One factor he isn't addressing is that cars may be getting more reliable, as in people drive them for longer. My grandmother
by wurst_case 8y ago
I'm not convinced by this argument. One factor he isn't addressing is that cars may be getting more reliable, as in people drive them for longer. My grandmother for instance switched to Toyota 25 years ago and has two cars that whole time.
Another problem I see is that car sales aren't necessarily in s huge of downturn as he says. 2016-2017 according to his own graph shows massive growth and it looks like the UK has returned to 2016 numbers. Considering the weaker pound and the fear around Brexit, this doesn't seem to me to be all that bad long-term.
China and Turkey are both having economic downturns along with Britain. I wonder if he could make the same argument while using economicly stable countries.
One thing I'm thinking that might aid his argument is that the baby boomers are beginning to get old enough to stop driving or dying. Could that harm sales? Also I'd like to see how Lyft came up with the 300k riders who stopped owning a car.
- Aegaeus10111 8y agoI agree with you. Though your grandmother is obviously more sensible than the average car buyer, she's not representative. I think 300k is fantasy. But, that Lyft is actively taking on the car economy is encouraging. They aren't a band of hippies, it's a business that sees an opportunity in doing so. They may fail, or they may be what Tesla is to electric cars. That I find encouraging.