- “In the near to intermittent term, we are on a brink of a down cycle’’, Dale Pollak, Founder of vAuto, said in a recent interview with CBT News, where he was asked to share his insight and predictions on how ride-share companies, autonomous vehicles, and margin compression could shape or impact our industry’s near future.
- “It always has been a cyclical business and we have just come off seven of the best years that perhaps any of us will again see in our careers,” Pollak says to Jim Fitzpatrick when asked about his thoughts as it pertains to an estimated SAAR prediction from J.D. Power.
- Unlike the down cycle’s insignificance, there are other changing components and influences among the industry that will cause quite the impact. How much so? According to Pollak, it will fundamentally transform the structure of the industry. “Within the next five years there will be a significant transformation that will stem from ride-share and autonomous vehicles,” he says.