Something I’ve long maintained (and that has been backed up by many of the B&B) is that young people still like cars and do care about them. The issue of falling car ownership among young people is largely an economic one. The cost of living is going up while wages are stagnating. Gasoline is expensive. Student debt, smartphones and rent are more important obligations than car payments, insurance and fuel. All of that can be quantified with data.
What hasn’t been so easily demonstrable was that young people still like cars, despite the wishful thinking of many who cheer for the end to the automobile era. Now we finally have some good research that backs up my gut feeling.
Yet another bit of bleak data from Europe relating to new car sales. A popular school of thought holds that young people’s aversion to cars is largely rooted in economic factors. When everyone under 30 is broke, living at home and wallowing in student debt, the last thing on their mind is a car. But the hope is that once things turn around, it will be time for Generation Y to get motoring again. At least in North America. Over in Europe (or certain parts of it, at least) things are much more bleak.
Yesterday, the astute Derek Kreindler added to his already excellent body of work on TTAC another installment of his “Generation Why” series in which he explored Land Rover’s resistance to the current trend of marketing lower cost vehicles to young people. In the body of the article a couple of sentences in particular jumped out at me –
As Mercedes-Benz, BMW and Audi rush to prepare new entry-level product to attract a younger crowd, Jaguar Land Rover is proudly calling “bollocks” on their efforts to attract younger buyers. Although much of the growth in the “near-luxury” segment is expected to come from vehicles with a transaction price in the $30,000-$40,000 range, JLR’s sole offering in that segment is the low-volume LR2. It’s the $50,000 Evoque that’s driving sales for the brand. This interview from Automotive News with JLR’s North American CEO, Andy Goss, explains why: (Read More…)
18 months after the first ever Generation Why column debuted on TTAC, one of the buff books has finally latched onto the whole “kids don’t drive anymore” meme. Road & Track’s feature on today’s youth and their lack of enthusiasm for the automobile is much grander than anything I’ve ever done. In an ideal world, I suppose I would fly a friend of mine to California on an all expenses paid trip where we’d sample a Rolls-Royce Ghost, a Lamborghini Gallardo, a Porsche 911, a Ford F-150 SVT Raptor and the talents of two race car drivers. In the real world, the best I can do is initiate a low-speed four-wheel drift in my Miata while asking them if they still think it’s a girl’s car. Such is the life of a blogger.
For anyone like myself – that is, a car fan who grew up in the 1990s and watched Japan’s sports cars disappear from the American market in one sudden swoop, news that Japan’s once mighty auto industry is being “hollowed out” might come as a shock. The cars that defined my youth – the RX-7s, Supras even the VTEC Honda compacts, are a distant memory. Most of what Japan offers on our shores are aimed at the mainstream, while at home, kei-cars and hybrids dominate the market.
A lot of the criticism leveled at Japan is that their focus on the mainstream market and alternative powertrains is what sparked their auto industry’s current malaise. But this is a superficial and fallacious assumption that supposes that the glut of superb Japanese cars in the 1990s is a baseline for our expectations of what a Japanese auto maker should be building and selling. In fact, it is an aberration that will never occur again.
As a first-rate cynic and an enthusiast of the English language, I reflexively cringe when I hear the latest “CBC buzzwords” (CBC is Canada’s version of NPR) that get thrown around by the sort of people who think that bicycles will eventually replace cars as our main mode of transportation in our future communitarian-utopia of urban living.
Imagine my horror when I logged on to the website for the latest installment of Ford’s Fiesta movement and saw it was chock-full of these nebulous descriptors. I nearly had to go back and read one of TTAC’s “Volts on Fire” stories just to calm my rapidly rising blood pressure.
By the time you read this, I’ll be under the knife, but I wanted to share with you my favorite Super Bowl ad. I don’t have any real profound insights, but I did get a real kick out of it, as I recalled my own prom night, an event that largely faded from memory.
After a long slog through NAIAS and getting TTAC’s house in order for the new year, I was delighted to see the response to my first big endeavor of the year, my Generation Why piece. But with 174 comments and multiple tangents, I wanted to open up the floor to clarify a few things.
BMW’s debut of the American-spec 320i at this year’s NAIAS may have been big news for the American auto press, but up here in frigid Canuckistan, the 320i is old hat. Roughly a decade ago, BMW launched the $33,900 320i, along with an ad campaign touting its price, which was comparable to a well equipped Honda Accord.
Confession time: the motorized vehicle photograph that adorned my high school locker didn’t have four wheels. It had two. I have always had an interest in bikes, one which has slowly grown from drooling over the 2002 Yamaha R6 (which stayed in my locker through all four years of high school) to buying motorcycle magazines to spending more time reading about bikes than cars. But I’ve yet to buy one for the same reason that kept me from buying a car for so long; insurance.