Millennials Really Do Intend to Buy Cars. Thank the Pandemic.

Forget all you’ve heard about Millennials (24-39 years old) and their disdain for automobiles. COVID-19 has changed that, as 31 percent of those without a car intend to buy one in the next six months, and 45 percent of them are Millennials.

EY, a global leader in assurance, tax, strategy, and consulting services, and a member of Ernst & Young Global Limited, issued their 2020 EY Mobility Consumer Index, surveying over 3,300 consumers across nine countries. Thirty-one percent of the respondents who don’t own a car plan to buy one in the next six months, while 20 percent that already own a car say they would be open to buying another vehicle. Both groups said that one of their principal reasons to purchase is the pandemic.

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  • FreedMike Your Ford AI instructor:
  • Jeff Good find I cannot remember when I last saw one of these but in the 70s they were all over the place.
  • CoastieLenn Could be a smart move though. Once the standard (that Tesla owns and designed) is set, Tesla bows out of the market while still owning the rights to the design. Other companies come in and purchase rights to use it, and Tesla can sit back and profit off the design without having to lay out capital to continue to build the network.
  • FreedMike "...it may also be true that they worry that the platform is influencing an entire generation with quick hits of liberal political thought and economic theory."Uh...have you been on TikTok lately? Plenty of FJB/MAGA stuff going on there.
  • AZFelix As a child I loved the look and feel of the 'woven' black vinyl seat inserts.