Minivans are officially back in style and Millennial parents are fueling the demand. 

Minivans are officially back in style and Millennial parents are fueling the demand. YPulse’s auto report found that the majority of Millennial parents have a car, while 44% say they plan to buy one in the next year. In the U.S. market, there are only five choices of minivans but demand for the vehicles is up significantly. According to Edmunds, an online resource for automotive inventory and information, sales of the Toyota Sienna more than doubled over 2020, and the average price of new minivans was up 43% in the first quarter of 2022 from the same quarter in 2017—the largest percentage gain of any vehicle category. The Wall Street Journal reported that prices of the three-year-old Dodge Grand Carnivale were up 64% in the quarter from the year-earlier quarter to more than $25,000. Millennial parents “are giving a serious look at both new and used minivans, and the “electric-vehicle revolution” is also boosting their popularity with several minivans available only in hybrid models. YPulse’s auto research found that 72% of Millennial parents believe electric, chargeable cars are the future. (Forbes)