Uber, the online international transportation company has created an immense hype amongst its users. A survey from Frank N. Magid Associates revealed People want to own a car to earn profit out of it. According to Magid, director of research, 2,000 Uber users were surveyed, out of which 22% are having second thoughts on buying a car. Thanks to Uber!
Uber is an app that offers a ride from black car services or independent car drivers. Uber’s real contender is not taxis. It is the auto industry is itself! The owner of Uber, Travis Kalanick wants to replace the car ownership with ride hailing. However, the non Uber users were not surveyed; hence we are not sure of the precise statistics yet! But the survey found out significant statistics on people’s opinions on the most famous transportation company. Although Uber has been considered as an immense tech winner with its $51 billion valuation, statistics show it’s very far from profitable. However, Uber considering auto industry’s business will help in its improvement in profit. To have the cost of the rides low and the paychecks of the drivers high, the company must have many people to use its service as much as possible. The survey shows the raw truth of people’s desire because of the Uber’s credibility. Many people are less likely to own a car or even a license because they are not able to afford them. The company should offer exciting offers and deals in order to attract a larger crowd.