menu

For City-Bound Millennials, The Car Is A Drag

For City-Bound Millennials, The Car Is A Drag
Arts & Culture

Gen Y might reject automotive ownership because most of them dream of living in urban centers.

Piers Fawkes, PSFK
  • 26 march 2012

Jordan Weissmann over at The Atlantic has a great look at the automotive market and the difficulty it is having to engage them. The piece has gathered some of the key stats on the subject, including the decline of driving license ownership — let alone car ownership. There’s of course a section about financial uncertainty but what popped for PSFK was the data about how Gen Y might not want a car because most of them dream of living in cities. Weissmann writes:

Millennials are more likely than past generations to live in an urban community, and this may be part of what terrifies car markers. About 32 percent reside in cities, somewhat higher than the proportion of Generation X’ers or Baby Boomers who did when they were the same age, according to a 2009 Pew Research Center report. But as the Wall Street Journal reports, surveys have found that 88 percent want to live in an urban environment. When they’re forced to settle down in a suburb, they prefer communities like Bethesda, Maryland, or Arlington, Virginia, which feature plenty of walking distance restaurants, retail, and public transportation to nearby Washington, DC.

There’s also some insight into how GM is working with MTV internal ad-agency Scratch to rework their image and their cars towards the demographic.

Atlantic

+Automotive
+Baby Boomers
+cities
+Culture
+fashion / apparel
+Finance & Money
+gen X
+Home & Garden
+infants
+Market Research
+middle east
+Millennials
+MTV
+Retail
+USA
Trending

Wearable Serves As A Digital Guide For People With Visual Impairments

Baby Boomers
NEW TREND REPORT


RETAIL SNAPSHOT IN LA

A neighborhood-by-neighborhood guide to the city's retail experiments.

DOWNLOAD TODAY

PSFK EVENTS


PSFK 2017 Conference

Ranked #1 of the Most Innovative Conferences of 2016 by Inc. Magazine


BUY YOUR TICKETS, MAY 19

Retail Yesterday
Food Yesterday
No search results found.