Wednesday, September 22, 2010

Gen Yer's Aren't Driving as Much

Kiplinger via Yahoo posted a story yesterday about Generation Yer's not being as interested in cars and driving as previous generation to the consternation of auto makers.

A few quotes from the article:

"Selling cars to young adults under 30 is proving to be a real challenge for automakers. Unlike their elders, Generation Yers own fewer cars and don’t drive much. They’re likely to see autos as a source of pollution, not as a sex or status symbol.  They’re more apt to ride mass transit to work and use car sharing services -- pioneered by Zipcar -- for longer trips. And car sharing choices are expanding, with car rental firms moving into the market, making it convenient for young folks to rent with hourly rates and easy insurance.  Gen Yers are a big potential market: At 80 million strong, they represent the biggest generation in U.S. history. Baby boomers are a close second, but millions of them begin turning 65 next year -- an age at which car purchases drop off sharply."

This rings true for my Gen Yer's in the family, how about yours?


1 comment:

  1. Amazing post very nice blog, this information really helped me, thanks for posting. . .
    Car transportation in chennai.