Are we approaching the ago of 'Peak Autos'? With the rise of urbanization and an increased demand for mass transit, some are seeing the future of the car as a neceessity in decline. Take note mass transit opponents.
"More young people also are passing on pursuing drivers’ licenses, once a rite of passage. In 2010, 69.5 percent of 19-year-olds in the U.S. had a driver’s license, down from 87.3 percent in 1983, said Michael Sivak, director of sustainable worldwide transportation at the University of Michigan Transportation Research Institute in Ann Arbor.
Better-built cars are damping demand for new ones: The average age of autos on the road today has reached a record 11.4 years, according to researcher R.L. Polk & Co."