Car Sales vs. The Ride-Sharing Generation

Do they or don’t they…want to drive, that is? Despite previous reports suggesting the Internet, social media and car-sharing/public transportation had supplanted the need for a driver’s license among young would-be motorists, two recent surveys indicate that perhaps the so-called Millennial generation is getting hooked on cars after all.

According to a survey conducted by credit-monitoring website CreditKarma.com, 78 percent of Millennials in fact currently own a car, with another 12 percent expressing a desire to own one. The majority of respondents – 55 percent – said they had purchased their first rides before reaching the age of 22. Less than eight percent said they had no plans to own a car whatsoever.

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