When you need a ride what do you use? Uber and Lyft have quickly become the solution to that question allowing passengers to get around simply. However, now it has grown so that it is no longer only used for one time trips and now has started to catch up with car rental companies.
“Ride sharing, having already overtaken cabs, is catching up to rental cars,” says Kevin Wolf, spokesperson for business expense management firm Certify, based on data from July through September of 2015.
In fact, he says, ride sharing has “actually has surpassed [rental cars] already in Boston and San Francisco.”
Business travelers now prefer ride sharing services to taxis across the U.S.,” reads Certify’s sharing economy report for the third quarter of 2015. “Trends also reveal how ride sharing providers like Uber and Lyft are beginning to gain ground on rental cars.”
“Over the past 7 quarters, ride sharing has steadily increased as a percentage of overall ground transportation, while taxi and rental car [sic] have declined,” the report says. In San Francisco, Certify found that some 82 percent of hired car rides by its customers were in ride shares, versus a mere 12 percent for rental cars and a minuscule 6 percent for taxis. In Boston, the difference was 45 percent for ride shares versus 23 percent for rental cars, though taxis maintained a higher market share of 32 percent.