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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No Fixed Abode: Whatcha Gonna Do When They Don't Come For You?

Might as well admit it: I have an unhealthy fascination with the service known as car2go. It’s just so… improbable. I’m pretty sure it began as a way to dump some Smart “ForTwo” inventory into service so the Daimler-Benz lines could keep operating at something like capacity. Since its inception, the service has been in near-constant flux: adding and removing services, changing the fees in predictable and unpredictable ways, suffering service outages, and generally perplexing its customer base, of which I am a devoted and unusually enthusiastic member.

car2go‘s newest change, communicated to me via email yesterday, concerns a significant reduction in their service area. After confirming that my usual lunch runs remain possible, I thought no more about it.

For a while, anyway.

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  • ToolGuy The only way this makes sense to me (still looking) is if it is tied to the realization that they have a capital issue (cash crunch) which is getting in the way of their plans.
  • Jeff I do think this is a good thing. Teaching salespeople how to interact with the customer and teaching them some of the features and technical stuff of the vehicles is important.
  • MKizzy If Tesla stops maintaining and expanding the Superchargers at current levels, imagine the chaos as more EV owners with high expectations visit crowded and no longer reliable Superchargers.It feels like at this point, Musk is nearly bored enough with Tesla and EVs in general to literally take his ball and going home.
  • Incog99 I bought a brand new 4 on the floor 240SX coupe in 1989 in pearl green. I drove it almost 200k miles, put in a killer sound system and never wish I sold it. I graduated to an Infiniti Q45 next and that tank was amazing.
  • CanadaCraig As an aside... you are so incredibly vulnerable as you're sitting there WAITING for you EV to charge. It freaks me out.