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Ride-Sharing Services to Have Little Impact on Car Sales: Survey

  • Three-quarters of ride-sharing users still plan to buy a car
  • Car ownership seen as more reliable, safer, more convenient
Potential car buyers view a Hyundai Motor Co. Genesis luxury vehicle on the lot of the Keyes Hyundai dealership in the Van Nuys neighborhood of Los Angeles, California, U.S., on Saturday, Jan. 2, 2016. Ward's Automotive Group is scheduled to release U.S. monthly total and domestic auto sales on Jan. 5.
Photographer: Patrick T. Fallon/Bloomberg

Despite fears to the contrary, the emergence of the sharing economy may not lead to the death of Detroit, after all, according to a new study from automotive researcher Kelley Blue Book.

Car-sharing services such as Avis Budget Group Inc.’s Zipcar and ride-hailing services like Uber Technologies Inc. will remain substitutes for rental-car companies and taxis with little impact on vehicle ownership, according to the study conducted by Vital Findings for KBB. More than three-quarters of people who use ride-sharing services said they intend to purchase or lease their own vehicle within the next two years, according to the survey of 1,900 U.S. residents.