Lyft president: Most millennials won’t own cars in 5 years

Millennials are giving up, putting off or simply choosing not to buy cars — a blow to the $10 trillion automotive industry, but a boon for people like John Zimmer.

Lyft’s 31-year-old president launched the ride-sharing service with CEO Logan Green three years ago as part of a larger service then called Zimride. Lyft is now a standalone business, letting users hail a ride with its mobile app. It employs more than 400 people and services more than 65 U.S. cities.

By JP Mangalindan

Full Story: http://mashable.com/2015/07/07/lyft-president-milliennials-cars/?utm_campaign=Feed:+Mashable/Startups+%28Mashable+%C2%BB+Startups%29&utm_cid=Mash-Prod-RSS-Feedburner-Startups-Partial&utm_medium=email&utm_source=feedburner

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