Could a high level of auto loan defaults lead to a transportation crisis in cities? If this happens, how could it affect the already-struggling brick & mortar retail industry?
“In larger towns and cities, ridesharing companies are quick to describe themselves as the solution to mobility — which can pave way for serious problems. These firms further argue that car ownership will quickly become obsolete as autonomous cars become mainstream. One research firm has even suggested a bucolic future for many urban areas, one in which autonomous electric vehicles roam the streets and quickly displace parking lots and street-widening projects.“
How could a transportation crisis affect your business if consumers can’t get out to stores?