May 2: Younger generations are waiting longer to buy cars

Source: UMich Transportation Research Institute Published: August 2017

Source: UMich Transportation Research Institute
Published: August 2017

Younger Generations are Waiting Longer to Buy Cars

Circulated: May 2, 2019

Share of drivers buying used cars by generation:

Boomer — 41%
Gen X — 47%
Gen Y — 51%
Gen Z — 63%

Share of licensed drivers by age: