It certainly seems that way... in the long run. In the beginning, in 1997, Netflix was a company that sent DVDs by mail. Fast forward, they're an internet video-on-demand company. The writing was on the wall for Blockbuster way back in 1997 but it took over a decade for their model to go bust. The not-so-well known fact is that Blockbuster was already losing money and going bankrupt even before Netflix finished them off.

Similarly, Hertz has declared bankruptcy and the other car rental companies are not far behind. Uber and Lyft are certainly not the cause of their demise in the same way that 1997-era Netflix couldn't be blamed for Blockbuster's demise. But the writing was on the wall, and the writing is certainly on the wall here.

This comment thread on HN from 2008 is quite an interesting read if you see some of the comments denying Blockbuster's precarious position: https://news.ycombinator.com/item?id=280425

> Car "sharing" companies? Are people going to miraculously not going to require car rentals (eg. for trips) anymore?

Indeed. Stuff like DriveNow (which is BMW's service) or public transport are eating up car rentals, and Uber plus videoconferences are eating up the "executive wants to drive from the airport to their destination" market... and anyway, the financial situation of Hertz and friends was dire even before corona hit, because they all have leased their cars for "cashflow/capex vs opex optimization" instead of outright buying them for cash.

There will absolutely be specialists remaining - UHaul etc. for moving trucks, or stretch limo and camper rentals - but the days of point-of-sale rental companies are over.

They're being replaced by people taking fewer trips, and fewer people taking trips at all. By people taking road trips instead of plane/etc trips and having their own car at their destination, or by choosing to visit friends/family and being able to use that person's car. And then of course there is uber, to mop up the remainder.