Are fewer young people driving because of the rise of ride-hailing and social media—or because they can’t afford a car? The number of 16-year-olds with a driver’s license dropped by half from 1983 to 2017, according to one transportation researcher, and J.D. Power projects that Gen Z will buy 120,000 fewer new cars in 2019 than Millennials did in 2004. While digital hang-outs and Uber add fuel to the trend, the biggest reason could be that the post-Recession generation is prioritizing saving by buying used (or not at all). (WSJ, The Drive)
Reports and Webinars are limited to the Region terms of your Pro and Prime subscription, as shown in “Purchased Regions”.
- To filter all content types to individual Region(s) you have purchased, apply your Region(s) under “Purchased Regions.”
Articles, Video Updates, and News across all Regions are open to all Pro and Prime subscribers.
- To see this content for any Region, use the “Content Filter”.
