Filed in archive
by philip on February 22, 2006

They have the cash to spend on cars while younger buyers may like them but can't afford them. According to the study "it appears the auto industry, like the Spanish Explorer Ponce de Leon, is chasing a fountain of youth that may not exist. Baby Boomers, on the other hand, are the most affluent Americans, with three-quarters of the nation's financial assets and $2 trillion in disposable income annually."
It also notes that the average American household purchases 13 cars over a lifetime, seven of which are owned after the head of the household turns 50. That last statistic led me to do a little counting: 39 cars so far, and I'm not finished yet. Some dumb choices among them but at least I can lay claim to not being average.
Tags:
AutoPacific
Youth
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/16001
Mr Wong
Vote for Car Marketing, like Youth, is Wasted on the Young:
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