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Why is Gen Z abandoning vehicle ownership?

Why is Gen Z abandoning vehicle ownership?

by admin
January 23, 2024
in Auto News
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Attitudes in the direction of automobile possession amongst younger individuals have largely remained static for the reason that introduction of the primary mass reasonably priced automobile, the Ford Mannequin T, in 1908. The Mannequin T made it attainable for younger, middle-class households to personal a non-public mode of transport. By the Fifties, just about anyone might personal a automobile, with Kaizer-Frazer’s Henry J mannequin retailing at US$1,500 (US$16,000 when adjusted for inflation). By 2007, 81% of all UK residents had entry to a non-public automobile of their family.



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