Uber U.S. share car sales drop nearly 40% in 2020 From eMarketer

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The following is the Uber U.S. share car sales drop nearly 40% in 2020 From eMarketer recommended by recordtrend.com. And this article belongs to the classification: eMarketer, Car sharing.

Emarketer expects Uber’s us shared car sales to fall 39.8% to $17.39 billion this year, down from $28.88 billion in 2019. LYFT’s sales will fall 25.0% to $8.97 billion, down from $1.95 billion last year.

Emarketer predicts that the number of Uber users in the United States will decrease by 28.3%, 15.2 million compared with that in 2019; and the number of LYFT users will decrease by 32.3%, 10.3 million compared with last year.

The decline in usage of these two services is highly related to local and state wide blockades. Although the data of both companies in the second half of 2020 should be better than that in the first half of 2020, neither company will approach the utilization level of 2019 until next year.

Uber has a huge user base, while LYFT’s users are loyal. Both groups stay at home. Emarketer expects LYFT’s user decline to be relatively large this year, largely because Uber has a better-known brand awareness and its takeaway business has driven user growth. In fact, Uber eats flourished during the pandemic and put the company’s supply in a stronger position. Still, LYFT’s sales data will perform slightly better in 2020, as LYFT appears to have a larger share of high engagement users than Uber.

Assuming that changes in vaccines or pandemics will normalize healthy environments, the two companies should rebound strongly in 2021. Consumers are likely to be wary of using public transport for a long time to come, which will bring an additional advantage to taxi calling services in 2021.

After the total number of traffic sharing economy users dropped to 51.3 million this year, it should rebound to 71.3 million next year. Emarketer also forecasts that Uber’s sales in 2021 will increase significantly by 70.2% and that of LYFT will increase by 44.1%.

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