Could it be that the automobile's luster has faded over the years, that cars have become less synonymous with youth and freedom to Generation Y? A study by the University of Michigan Transportation Research Institute clearly says yes, but that's not the whole story, Bloomberg reports. Though young people are buying fewer new cars, baby boomers, the crowd born between 1946 and 1964, are buying more new cars.
Car Buying Trends
- Jeff Sabatini
- Aug 13, 2012
How disinterested are consumers in their cars? According to a new study reported in The Detroit Free Press, more than 10 percent of new car buyers can't be bothered to take a test drive.
- Jeff Glucker
- Sep 20, 2010
As Americans, there's no denying we have a healthy obsession with the lives of celebrities. From movie stars like Will Smith down to reality television "stars" like The Situation, people are curious as to what's going on in their world. What clothes do they wear, where do they get their groceries and what kind of car(s) do they buy? Sometimes a celebrity won't have much say in the vehicle they drive because they sign a sizable endorsement deal to tell us which vehicle we should be driving. As sa
- Eric Loveday
- Jul 14, 2010
2010 Mini Cooper 50 Camden Edition – Click above for high-res image gallery
- Jeremy Korzeniewski
- May 30, 2010
So, you've found a car that catches your eye. It's attractive, has the features you want and is priced within your budget. Slam dunk, right? Perhaps, but a recent telephone survey administered by Consumer Reports proves that a number of additional factors can affect the decision to purchase a new car... and we don't mean cup holders.
- Eric Loveday
- Mar 24, 2010
- Jonathon Ramsey
- Oct 14, 2009
Up until very recently, the reason that you bought a BMW 3 Series or a Mercedes-Benz C-Class was to prepare you to buy a 5 or an E in a few years. You know, ladders to climb, blowing up to do, de-luxe apartments in the sky to own. These days, according to a new study, that is less and less the case: fewer premium buyers are moving up and more buyers are actually moving down.
- Dan Roth
- Mar 8, 2009
The cynic in you might think that a rise in the price of used vehicles, just as new car sales are cratering worse than anyone can remember, is a not-so-transparent ploy to overcharge buyers. It turns out to be more a case of supply versus demand. Wholesale used car prices are bumping up as a result of sagging new car sales, according to auto auction company Manheim. Two-thirds of new car sales have a trade-in attached, which creates a supply stream of pre-owned vehicles to recycle onto dealer lo
- Frank Filipponio
- Feb 16, 2009
With sales at a 26-year low, the Detroit 3 are trying almost anything to reduce costs and make more money from the cars they are selling. One of the biggest changes coming apes what some of the more successful Japanese makers have done all along: offering fewer configurations of their models. If you want leather, you option up for the higher-spec model and get the sunroof, two-zone climate control, larger wheels, and steering-wheel-controlled MP3 stereo system too. Soon, you'll see a similarly s
- Jonathon Ramsey
- May 23, 2008
Could the country that gave us the NSX, Godzilla -- and the other Godzilla -- and The Fast & The Furious: Tokyo Drift be on the verge of giving up cars for good? With car buying down by close to 33-percent since 1990, Japan is claimed to be in the grips of kuruma banare, which, for Japanese carmakers, is the polar opposite of hakuna matata.
- John McElroy
- Jan 31, 2008
Shhh. Don't tell the car companies, but every year a smaller percentage of Americans are buying new cars.
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