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Car Ownership Will Probably Dip by 2025

22 May 2018
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Car Ownership Will Probably Dip by 2025

 

Most auto industry execs think that half of today’s car owners will lose interest in owning a car by 2025. Of the nearly 1,000 execs surveyed via KPMG for Business Insider Intelligence, 60 percent agree, while 22 disagree, and 8 percent strongly disagree.

 

 

That’s not very representative because it targets people who already see the value of a car and ignores millennials who may never own a vehicle. While there is some mixed opinion about millennial attitudes toward car ownership. That generation is buying fewer cars than previous generations at their age.

 

 

Car-buying pessimists note that these younger adults are tending to flock to big cities and adopt low-cost, resource sharing, on-demand auto services.

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