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The Young and the Carless? The Demographics of New Vehicle Purchases

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Abstract

A number of recent studies and press articles have documented a dramatic decline in young adults' willingness to own vehicles, particularly in the years since the 2007-09 recession.

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  • Christopher J. Kurz & Geng Li & Daniel J. Vine, 2016. "The Young and the Carless? The Demographics of New Vehicle Purchases," FEDS Notes 2016-06-24, Board of Governors of the Federal Reserve System (U.S.).
    • Handle: RePEc:fip:fedgfn:2016-06-24
    DOI: 10.17016/2380-7172.1798
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    File URL: https://www.federalreserve.gov/econresdata/notes/feds-notes/2016/the-young-and-the-carless-the-demographics-of-new-vehicle-purchases-20160624.html
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    Cited by:

    1. Christopher J. Kurz & Geng Li & Daniel J. Vine, 2018. "Are Millennials Different?," Finance and Economics Discussion Series 2018-080, Board of Governors of the Federal Reserve System (U.S.).
    2. Klein, Nicholas J. & Smart, Michael J., 2017. "Millennials and car ownership: Less money, fewer cars," Transport Policy, Elsevier, vol. 53(C), pages 20-29.

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