Millennials want classic cars more than boomersOctober 19, 2020
The authors of the study interviewed more than 10 thousand Americans and came to the conclusion that the fashion for retro cars will not work. At least in the coming years
Millennials are not only just as big as boomers, they want classic cars. This is the conclusion reached by the specialists of the American insurance company Hagerty, who conducted the study “Why driving a car matters” (Why Driving Matters).
More than 10,000 Americans aged 18 and older took part in the survey. It turned out that among all those who answered that they have or would like to have a classic car, most of all were representatives of young people and middle-aged people – from the so-called generation Z (18-25 years old) to millennials (26-39 years old). When asked about their desire to buy a classic car, they answered in the affirmative more often than representatives of generation X (40-55) and boomers (56-74).
Hagerty research shows that 22% of Gen Z people would like a classic car, up to 25% among millennials. Generation X and Boomer numbers are not known, but they are reported to be smaller.
The company also noted that even those younger survey participants who do not have a car at all would like to purchase a classic or a collection model.
The study authors are confident that retro cars have a future, and they will not become obsolete, at least for the foreseeable future. In favor of this, according to Hagerty, is the fact that the average age for buying a car in the United States has become lower.
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