Posted on 01/17/2014 1:57:48 PM PST by nascarnation
One of the main criticisms of Generation Why is the lack of hard data to support this column’s ongoing thesis: that the lack of interest in car ownership among millenials is related to economics, rather than any sort of anti-car/pro-environment/pro-urban ideological shift among young people. Now, a key study from Deloitte confirms our initial hunch: young people want cars, but cannot afford them, and the notion of a car-free future, with walking, cycling and transit replacing the automobile (whether privately owned or shared via a service like Zipcar) is an unrealistic fantasy that somehow continues to have currency.
Deloitte’s annual Global Automotive Consumer Study surveyed 23,000 people across the globe, representing 19 different countries. The copy provided to TTAC focuses on the 2,000 Americans surveyed by Deloitte, with a subset of those (roughly 700) taken from “Generation Y”, born between 1977 and 1994.
The study’s findings largely confirm what Generation Why has maintained all along. According to the study, 80 percent of millennial surveyed say that affordability is the key factor keeping them out of a new vehicle, with maintenance costs coming in second place at 70 percent. On the other hand, 67 percent said that walking and other forms of transit were sufficient to meet their current lifestyle needs.
(Excerpt) Read more at thetruthaboutcars.com ...
That depends. ideology is certainly a factor when I consider [not] buying a GM or Chrysler or Tesla product.
Don’t forget BMW, Daimler, and Toyota, all revealed as supporters of Podesta.
http://www.americanprogress.org/about/our-supporters/
I imagine all the government required equipment is a big reason why the cost has gone up so much.
I can remember my parents almost buying a 57 Ford. A full size model but it was stripped, not even a heater. The price?
Even back in 1957 $1750 was a good price.
They ended up getting a used 57 chevy.
I bought a new Chevy II in 67 for $2300. (I think that included the sales tax).
Yes, I know. Pretty soon I'm either going to have to build my own or ride a horse.
To some extent, I think they realize the control by Dems is going to be around for decades and are trying to pay extortion money.
I have always suspected this. Of course, in an “urban” area, a young person would either be absolutely crazy or have $2,000 a month for comprehensive auto insurance to park a new or even a non-beater car on the street or even in an apartment parking lot overnight. So, you need a house with a garage for it. THAT is even further out of reach for young people today than a car. Even worse, given the job market, what is the point of buying a house when you (and possibly your working spouse, which doubles the odds) are going to wind up moving somewhere for a new job in a few years (if you are “fortunate”). And then, there goes the 7% to a real estate agent every time you move. Then, the “fixing up” expenses, the moving expenses...
I really don’t know how we get to 1965 again from here. Or, for that matter, even 1985.
Hard to take something as obvious as a serious study. The only person who would think ideology trumps money would be an Ideological type.
A survey for idiots by idiots.
$1,750 in 1957 dollars equals $14,508 in 2014 dollars.
I didn’t realize it was that much.
They probably could still make and sell a full size one for that much if it did not have all the government required additions.
I can remember changing the water pump on my 55 Ford with a 272 V8. It only took around 20 minutes. A few years ago, I had to replace the water pump on my 91 Crown Vic. I literally had to take the whole front end of the motor off. It took me several days.
But Yes, I have lived here for decades and have a perfect record. New driver kids pay about $300/month for liability on a beater.
Correction. Kids would pay $500-600/month
There’s no way most of them can afford it.
That’s why only illegals and deadbeats can “afford” to drive beaters without insurance.
The GOVERNMENT-MANDATED insurance is more than the cost of many used cars.
Isn’t more government a grand idea?
My car insurance costs jumped when government required car insurance;my health insurance costs went sky-high when government required health insurance.
Heh. Heaters were described in the brochures as "delete options" in those days. Doing without one would certainly qualify as "stripped-down".
We lived in NW Florida but a heater was still nice to have.
Our next door neighbor ran a dairy and they made long deliveries in a pickup. He would buy an International Harvester pickup every few years and would always get it completely stripped.
Eventually the heater became mandatory. He had never realized how much he liked it until he had no choice.
All my life I drove $200-$300 cars. My Duster was $300 and I drove it away, then for a couple years before the motor died.
Still have it, with a rebuilt 318 in it.
2002 PT was THE first new car I’ve ever had. Still got it, 72k miles on it.
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