We’ve been hearing a lot lately that young people across the country are getting drivers licenses and buying cars at significantly lower rates than in the past. We’re in the process of working on our Metropolitan Tranpsortation Plan (MTP), Horizon 2040, that is a long term ‘blue print’ for transportation for our area. Taking into account that young people will be making many of our transportation decisions in the future, we planned a ’roundtable discussion’ around the topic of young people and transportation, to help develop the MTP.
Based on that background information, I wasn’t surprised when I saw a study this morning that says Generation Y members, people born between 1980 and 1998, consider negotiations with a car salesman to be more painful than a trip to the dentist. Really?? And that is going to mean some changes in how we buy cars as ‘millenials,’ as they are called, currently represent two of five car buyers and could be purchasing 75 percent of vehicles by 2025.
Auto News has the story.