The auto industry has displayed strong economic growth due to low fuel prices, low interest rates, and a higher-than-normal average age of vehicles on the road. At its current large-city fares, Uber is not a suitable economic alternative to car ownership for drivers who log over 5,000 miles per year .
The accident-riddled driverless car remains and looks to remain on the left side of “The Chasm” in the Technology Adoption Cycle. Although the auto industry is due for a wide-scale makeover, we do not believe the market will see any material effects in the foreseeable future.
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