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You are here: Home / News / Most Americans Believe Vehicle Ownership Is Good Investment But New Transportation Options May Change Views

Most Americans Believe Vehicle Ownership Is Good Investment But New Transportation Options May Change Views

January 8, 2020 By CollisionWeek Editor

A new study from the Insurance Research Council (IRC) shows that motor vehicle ownership is considered a good investment by most adults, but that attitudes toward ownership are challenged by the availability of transportation alternatives such as Uber and Lyft. Two-thirds of all respondents surveyed for the study (66 percent) either strongly or somewhat agreed that owning or leasing a vehicle was a good investment. However, one-third of all respondents (32 percent) said that it was very or somewhat likely that they would forego owning or leasing a vehicle if they had ready access to autonomous vehicles operated by companies

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Filed Under: News Tagged With: Autonomous Vehicles, Insurance Research Council, Ride-Hailing

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