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Will Ride-Hailing Replace Personally-Owned Cars? Execs Weigh In

LAS VEGAS —  The disruptive impact that ride-hailing companies are having on auto finance is evident with the success of Uber and Lyft. While both companies are not profitable, Uber 's revenue surged 43% to $11.3 billion in 2018 and Lyft's revenue doubled to $2.2 billion. However, the question confronting auto finance is whether ride-hailing […]

Roadblocks Ahead for Consumer-Owned AV Adoption, Execs Say

LAS VEGAS — While autonomous vehicle fleets are sparking widespread interest in the industry, executives at an SFIG 2019 panel said widespread adoption of consumer-owned AVs is still at least a decade away. “We’re in the early stages of an industry revolution,” said Theresa O’Neill, managing director at Bank of America Merrill Lynch. The consensus […]