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A recently released study on young consumers and cars claims that “once Millennials gain spending power, the auto industry is going to be turned upside down.” A reported 47% of Millennials believe that cars, and which brand of car they own, really matter.

Mar 03 2015

A recently released study on young consumers and cars claims that “once Millennials gain spending power, the auto industry is going to be turned upside down.” A reported 47% of Millennials believe that cars, and which brand of car they own, really matter. The findings contradict the common perception that young consumers don’t care about cars and are choosing ride-sharing companies or the urban bicycle movement over their own vehicles. The study reports that Millennials have a “surprising affinity” for Volkswagen and Tesla, for its use of technology and commitment to social good. The research also predicts this generation of car owners will “prioritize brands based on alignment with their own personal values.” (Huffington Post)