Studies Conclude Car Ownership Is On The Decline

Reports from two different, respected institutions have been making waves in the automotive world for coming to the same conclusion; America, and the world, are past the point of automotive saturation, and rather than seeing sales expand, in a few short decades the auto industry could experience a massive contraction to the tune of tens of millions of units.

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By The Time Millennials Afford Cars, It Might Be Too Late

A recent study has determined that Generation Y, i.e. Millennials, are just as interested in buying new cars as prior generations. The problem is that most 20-somethings can’t even afford to move out of their parents’ house, nevermind take on a new car payment. While this plays against that narrative of a disinterested generation of car buyers, it presents perhaps an even bigger problem; my generation is learning to get along without cars.

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