By on May 23, 2019

According to a study commissioned by Nissan, Millennials are committed to saving the sedan in an era when crossovers have usurped much of the market. While much of the study revolves around asking people whether they’d consider purchasing a sedan in the future — something any smart shopper would say “yes” to — survey respondents also said there was very little difference in terms of customer satisfaction between crossovers and sedans.

That’s good news for any automaker that launched a bundle of new and refreshed sedans over the past few years. Can you think of one? (Read More…)

By on April 22, 2019

For roughly the last decade, we’ve heard the motoring media bemoan Millennials as the generation that snubbed driving. Their inability to find and hold jobs that paid as well as their parents’ did at the same stages of life, combined with elevated costs of living and crippling student debt load, negatively impacted their purchasing power. Still, this generation might be just the tip of an iceberg the industry’s about to careen into.

As it turns out, Generation Z might even be less interested in cars. In addition to facing similar financial constraints as their older peers, most of them aren’t even bothering to get a driver’s license.  (Read More…)

By on March 19, 2019

2018 Accord Sport 2.0-Liter Turbo - Image: Honda

Ever since the Great Recession, Millennials have become the target of blame for every economic woe imaginable. They’re not saving their money, they’re not buying homes, they’re not making enough, they change jobs too frequently, they don’t know how to shop around, they’re crippled by debt, and they aren’t buying enough cars. Depending on where you get your news, they are frequently framed as economic imbeciles incapable of doing anything right.

Of course, the obvious counterpoint to those allegations involve the broader problem stagnating wages and a market established by their higher-earning forebears that they can’t seem to wrangle — but who has the time for nuance these days?

While we primarily care about the car buying angle, it’s worth mentioning that Millennials are different from their older counterparts. Still, we were surprised in how that fact manifested itself this week. Apparently, Millennials aren’t all that excited about utility vehicles. Despite SUVs and crossovers dominating the automotive landscape, younger folks are still choosing to buy cars.  (Read More…)

By on March 11, 2019

It looks as though more parents are increasingly paying for the transportation needs of their (sometimes very old) children.

Thanks largely to abandoning the important job of parenthood, a Bank of America survey a discovered small portion of adults between age 23 and 37 are now able to put away legitimate savings. However, the prevalence of student debt, low-paying jobs, and an increased cost of living has left many to continue scrimping and saving. In fact, most Millennials under 24  had less than $1,000 in their savings accounts, with nearly half having no savings at all. The former was also true for older members of the same generation. On average, it’s presumed that Millennials are earning 20 percent less than their Boomer parents at the same stage in life — despite being better educated, overall.

That’s causing future issues for the automotive industry. When Bankrate surveyed Americans to get their financial priorities on record last month, 23 percent of respondents specified that student-loan debt directly influenced their decision to delay purchasing a new car. Considering both monthly payments are frequently set to the tune of hundreds of dollars, that would make a lot sense.  (Read More…)

By on October 25, 2018

I can’t claim to know what Millennials want — I don’t consider myself a member of that particular cohort. Depending on the source, I’m either one year into that demographic or one year removed, but given that my circle of friends starts at about five years my junior and tops out at 20 years my senior, I’ll accept one older aquaintence’s assertion that I’m “the ragged edge of Generation X.”

That said, social media makes one a sometimes unwilling observer of this curious group of people and, amid their incessant political tweeting, the Millennial’s automotive angst emerges. Basically, cars are too expensive, OEMs have abandoned them, and the Boomers stole their future. And I thought Gen-Xers were supposed to be miserable grumps.

What automotive balm would soothe these pains? (Read More…)

By on May 29, 2018

Jaguar E-Type, Image: Steph Willems

Teen car culture is dying a swift death, The Atlantic claims, but Jaguar Land Rover’s head of product strategy feels the youngsters of today will eventually outgrow their desire for hassle-free autonomous commute pods.

As a great Jaguar print ad in the 1990s once stated, “Live Vicariously Through Yourself.”

In Hanno Kirner’s mind, this mantra will guide more than a few Millennials to take over the driving duties and indulge their innermost desires. It had better. (Read More…)

By on October 9, 2017

baby driving
People love generational studies. The notion that being born a few years away from another person creates a disparate, irreconcilable identity is an appealing one and is, to some extent, backed by plausible evidence. After all, growing up in 1975 was different than growing up in 2005. However, when exactly those subtle differences surface to an extent where they can be measured is debatable.

That’s why I was so intrigued by a recent study indicating that Generation Z will be “nothing like their Millennial predecessors” when it comes to financing automobiles and purchasing automotive insurance. Members of Generation Z currently run between the ages of five and 21. So, how exactly will your five-year-old go about procuring coverage or a loan for their first automobile?  (Read More…)

By on August 22, 2017

2018 Chevrolet Tahoe RST

It turns out millennials aren’t the freakish alien shape-shifters the media has portrayed them as for the last decade. While still less prone to breeding, poorer than their parents, more educated, and inclined towards city living, they’re human after all.

“Where’s the proof?” you ask?

Recent surveys indicate millennials are, in fact, moving to the suburbs and buying SUVs. But that didn’t stop analysts from being dicks about it. “As more people move out of their parents’ basement — and there’s still quite a few living there — we expect to see continued healthy demand for homes,” explained Svenja Gudell, chief economist for Zillow. “Millennials delayed home ownership, just like they delayed getting married and having kids, but now they’re making very similar decisions to their parents.”

More importantly, home ownership means compulsory sport utility shopping. Large SUV sales have increased 11 percent in the first half of 2017, according to estimates from Ford Motor Company. Meanwhile, midsize family haulers increased by 9 percent and small SUV sales went up by 4 percent. Ford’s market research indicates this could just be the tip of the iceberg.  (Read More…)

By on July 25, 2017

(Public domain)

All those moments will be lost in time, like tears in rain. No doubt some of you will recognize that little speech, even if you’re not quite of the correct generation to have seen Blade Runner in the theater. It was on my mind as I sat in my father’s office yesterday and talked to him about the value of my Porsche 993.

“Sell the car and invest the money for your son,” he suggested, before leaning back in his chair and clarifying, “Of course, right now you’d have trouble finding an investment that is doing as well as that car.” The man has a point. I don’t think we’ve hit Peak Aircooled Value yet, as ridiculous as that sounds — but that time will come, and on the other side of that singular moment will be a free-fall into the abyss.

Not just for my 993. Not just for the Boss 302 formerly owned by my brother. It will swallow everything. My car. Bark’s car. Your car. Ralph Lauren’s McLaren F1. Every Hemi ‘Cuda ever made and every Ferrari F40. They will all become utterly, completely worthless. Like scrap metal worthless. You know it’s going to happen. But would you believe that you’ll live to see it? Because chances are that you will.

It’s the end of the world as we know it, and it’s going to be here sooner than you think.

(Read More…)

By on May 4, 2017

Jeep Compass ad

The only thing missing is Fleetwood Mac’s Go Your Own Way bleating from the speakers, but songs from 1977 often don’t play well with those born after 1980. (Or 1982, depending on your source.) Slow, maudlin hipster “rock,” if you can call it that, is how you reel in those youngsters these days.

Fiat Chrysler Automobiles, knowing exactly what it wants the second-generation Jeep Compass to mean to the most sought-after segment of car buyers, is placing its sales pitch to scruffy Millennials in a new ad campaign.

As Millennial automotive marketing is usually a cringe-inducing affair, each new product launch and ad campaign targeting this generation sparks morbid interest in cynical observers. Hence, this post. (Read More…)

By on April 22, 2017

autonomous testing tesla

Poor Generation X. Isolated, ignored and cynical, they brought us great music in the early-to-mid 1990s, but their opinion on self-driving cars and autonomous safety features just isn’t important.

At least, that’s the feeling you get while reading the results of J.D. Power’s U.S. Tech Choice Study. The company polled 8,500 Americans who bought a vehicle during the past five years, asking them how they felt about the emerging technology.

Naturally, large generation gaps appeared, not the least of which was the elimination of Gen Xers in favor of the opinions of Boomers, Generation Y and Z. So, how does the opinions of the largest car-buying cohort compare to that of the newest? (Read More…)

By on April 12, 2017

[Image: Toyota]

Are you the “casualcore” type? If you have to ask what the hell that means, you’re not hip enough for this concept. There’s also a chance you live outside the city, or perhaps in the suburbs, and don’t take seldom, unplanned adventures with your trendy urban buddies on their day off from PR work or coding.

If so, Toyota didn’t spare a thought about you when it crafted the promotional copy behind its new FT-4X four-wheel-drive crossover concept. Based on the same platform as Toyota’s C-HR pseudo-crossover — a vehicle that omits four-wheel motivation from its roster of options — the FT-4X is meant to be a do-anything, go-anywhere vehicle for the trendiest people you’ve ever met.

So trendy, in fact, that you’ll need to take a Gravol just to read about them. (Read More…)

By on February 16, 2017

Texting and Driving

The AAA Foundation for Traffic Safety (a research arm of AAA) released a report yesterday detailing their findings on hazardous driving behaviors across different age groups.

Unsurprisingly, Millennials fared about as well as they might if they stepped on your lawn.

(Read More…)

By on February 12, 2017

MAVEN APP

While Ford is currently the domestic automaker making the biggest push into in mobility services — which seem to entail practically anything outside of traditional manufacturing and distribution — it isn’t the only company preparing itself for an era of declining vehicle ownership. FCA has partnered with Waymo to develop a fleet of self-driving Pacificas and General Motors has a personal mobility brand, called Maven, that acts as a car-sharing service.

While it isn’t quite so technologically advanced as autonomous vehicles or automotive A.I., Maven provides additional revenue immediately and furnishes GM with a unique opportunity to cope with some of the ownership problems of tomorrow. Car-sharing is good way for GM to profit from people who don’t own cars, but it’s also a clever method of getting young urban drivers to spend money on becoming more familiar with their product — especially on the coasts where import brands tend to outsell their domestic counterparts. (Read More…)

By on January 25, 2017

Behind the Wheel Driving

Despite some disparaging typecasting to the contrary, Millennials do know how to drive and aren’t a population of unmitigated phone-addicted car haters.

People under forty even have purchasing preferences associated with automotive ownership. However, some stereotypes ring especially true when compared to their nearest generational counterpart: Generation X. (Read More…)

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