Saturday, August 23, 2014

a new theory on why young people aren't buying cars

It’s no secret the percentage of new vehicles sold to 18- to 34-year-olds has significantly dropped over the past few years. Many argue this is the result of a weak economy, that the idea of making a large car investment and getting into more debt on top of college loans is too daunting for them. But that’s not the "driving" factor, especially considering that owning a smartphone or other mobile device, with its monthly fees of network access, data plan, insurance, and app services, is almost comparable to the monthly payments required when leasing a Honda Civic.

What auto manufacturers, along with much of corporate America are missing here is that the vehicles to freedom and personal identity have changed for this generation.

Read the entire article at


  1. It's because cars are no fun to drive anymore. Everyone is numb and disconnected and feels exactly the same as every other car.

  2. Cars are no longer crucial to a young person's social life. Internet has replaced it.