Millennials Hot For New Cars?

Background Reading

Summary

Conventional wisdom has millennials preferring public transportation or Uber over cars, with dire predictions for the auto industry. Maybe not: They’ve zoomed past Gen X to become the second-largest group of new car buyers after their boomer parents. Bloomberg News photo by Patrick T. Fallon

Conventional wisdom has millennials preferring public transportation or Uber over cars, with dire predictions for the auto industry. Maybe not: They’ve zoomed past Gen X to become the second-largest group of new car buyers after their boomer parents. Bloomberg News photo by Patrick T. Fallon


TakeAways

This information has made the StreetsBlog Chicago guys ‘see red‘. But time will tell. And it is not just Americans who are buying more cars. What is great about the newest vehicles are their safety features.

As more Millennialsgrow up‘, get married and have children the greater the temptation to ride in a vehicle that is devised to perform in all weather conditions and on your schedule not some train or bus company’s idea of when you might need their services.

And what is even more impressive are the mileage ratings of these vehicles. Couple that with their collision-avoidance and self-driving systems and you have a wonderfully efficient piece of equipment.

It certainly beats riding your bike around in sub-zero temperatures on ice-over streets or being raped on a mass transit train at noon time in broad daylight.