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Friendly, <strong>TLC</strong> R…<br />
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account for only 7% of the total use of ground transportation. This trend is expected to continue as the economy heats<br />
up and businesses expand their travel services to their employees.<br />
<strong>Why</strong> is this Happening?<br />
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The rise in usage for <strong>Uber</strong> and Lyft over the past three years has been remarkable and the shift appears to be more<br />
than simply the presence of more Lyft and <strong>Uber</strong> drivers, whether they use their own vehicle or a <strong>TLC</strong> car rental for their<br />
rideshare services.<br />
One big reason why this is happening is the souring of business travelers over the use of rental vehicles. While the<br />
S&P 500 has soared over 41% over the past three years, major car rental firms such as Avis and Hertz have dropped<br />
precipitously. Avis Budget Group stocks have dropped about 19% while Hertz has plummeted by over 71% in the same<br />
three-year period.<br />
The drop in stock prices relates to the drop in business that the major rental car companies have seen as business<br />
travelers are now relying on rideshare programs more than ever. The major reason seems to be the combination of<br />
convenience and cost that makes <strong>Uber</strong> the better choice for those who travel frequently.<br />
Despite the convenience of major car rental firms being located at airports, business travelers are preferring to simple<br />
call or text an <strong>Uber</strong> driver to take them to their destination. The reduction in cost is considerable, even when compared<br />
to traditional taxi services. Plus, the convenience of calling from anywhere at anytime is also a plus for business<br />
travelers.<br />
For those who are considering driving for a rideshare company like <strong>Uber</strong> or Lyft, the opportunities are only growing<br />
thanks to the increase in usage from business travelers. For those who have qualifying vehicles or use the services of<br />
<strong>TLC</strong> car leasing or rental, this represents a powerful opportunity to build up a second income stream.<br />
View Related News<br />
Category: Automotive<br />
Region: North America<br />
Tags (meta-keywords): <strong>TLC</strong> Car <strong>Rental</strong> , <strong>TLC</strong> Leasing , <strong>TLC</strong> Cars , <strong>TLC</strong> <strong>Rental</strong> Car , <strong>TLC</strong> Car , <strong>Uber</strong> Car , Cars<br />
For Lyft , Cars For <strong>Uber</strong> , Drive For <strong>Uber</strong> , <strong>TLC</strong> <strong>Rental</strong>s<br />
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