Jump to content
News
Reviews
Discussons
Activity
Create New...
Close
  • William Maley
    William Maley

    By William Maley •

    Millennials Are Buying Cars Due To A Baby Boom

    The past few years have been tiring if you happen to be a millennial. There has been countless articles talking about how this group are not buying houses or vehicles. Of course, the reason is that millennials don't have the money (saddled with more debt, having entry-level salaries, etc). But that is changing. According to a report from Bloomberg, millennials are beginning to head out to the suburbs, and purchasing houses and cars. The reason? They're having their baby boom.

    According to data from the Zillow Group, Americans aged from 18 to 34 have become the largest group of home buyers, with almost half living in the suburbs. They're upsizing their vehicles as well to go with their new home. Large SUV sales jumped 11 percent in first half of this year according to Ford Motor Co. Midsize SUVs rose 9 percent and small SUVs jumped 4 percent in the same timeframe.

    “We do see that demographic group driving larger sport utility sales as they acquire homes, create families and gain some wealth,” said Michelle Krebs, an analyst at car-shopping website Autotrader.

    “They started with compact sport utilities and now, with families, they’re moving up.”

    Expect more millennials to follow suit. LMC Automotive estimates that sales of large SUVs will rise 25 percent between now and 2025.

    “There’s no question people are waiting longer, but people still want to have children. As long as people have children and those children grow and acquire friendships, it requires more space,” said Erich Merkle, Ford’s U.S. sales analyst.

    Currently, the largest group of buyers for midsize and large SUVs are Gen Xers, but millennials are expected to eclipse them due to there being a large number of them - about 80 million.

    “There’s going to be an extra 25 million people passing into and through the 35- to 44-year-old demographic over the next 10 to 15 years,” Merkle said.

    “That’s going to lead to a gradual increase in the growth of large and midsize SUVs that’s already starting to happen.”

    Source: Bloomberg

    Go to articles

    User Feedback

    Recommended Comments

    Cmicasa the Great

    We are at 7.5 Billion. Most can not feed themselves without help. Most are crazy as fuck.. Many are as asinine as Smk.

    131.4 million births per year.
     55.3 million people die each year.

    Meaning even with death.. we are adding about 76 Million on to the roster every year at this rate.. another Billion by 2027

    As I said many times over and over again.. the Gov't of the world want to prevent wars.. famine.. inflation.. etc??? put a stop on baby births for 7 years... get this population back down to 5 Billion.. Life will be grand. FUCK BABIES!!! They SUCK. The don't do shit. Needy MUTHAFUCKAS

    • Confused 1
    Link to comment
    Share on other sites
    riviera74
    4 hours ago, Cmicasa the Great said:

    We are at 7.5 Billion. Most can not feed themselves without help. Most are crazy as f@#k.. Many are as asinine as Smk.

    131.4 million births per year.
     55.3 million people die each year.

    Meaning even with death.. we are adding about 76 Million on to the roster every year at this rate.. another Billion by 2027

    As I said many times over and over again.. the Gov't of the world want to prevent wars.. famine.. inflation.. etc??? put a stop on baby births for 7 years... get this population back down to 5 Billion.. Life will be grand. f@#k BABIES!!! They SUCK. The don't do $h!. Needy MUTHAf@#kAS

    Slow down man.  If the birthrate falls too low, you end up with Europe's or Japan's situation: too few babies to support an increasingly aging population.

    Link to comment
    Share on other sites
    oldshurst442
    6 hours ago, Cmicasa the Great said:

    f@#k BABIES!!! They SUCK. The don't do $h!. Needy MUTHAf@#kAS

     

    1 hour ago, riviera74 said:

    If the birthrate falls too low, you end up with Europe's or Japan's situation: too few babies to support an increasingly aging population.

     

    LOL

    Babies and old fogeys BOTH ARE Needy MUTHAf@#kAS!!!

    • Haha 1
    Link to comment
    Share on other sites
    G. David Felt
    14 hours ago, Cmicasa the Great said:

    @dfelt    Just speaking to the idea of people doing anything less than driving 2 seaters let alone buying larger vehicles for more needy ass kids in a world where we already are on the fringe of overpopulation that is un-feedable 

    Got it! 8)

    11 hours ago, oldshurst442 said:

     

     

    LOL

    Babies and old fogeys BOTH ARE Needy MUTHAf@#kAS!!!

    AND Your Not? ;)

    Link to comment
    Share on other sites
    Robert Hall
    17 hours ago, Cmicasa the Great said:

    We are at 7.5 Billion. Most can not feed themselves without help. Most are crazy as fuck.. Many are as asinine as Smk.

    131.4 million births per year.
     55.3 million people die each year.

    Meaning even with death.. we are adding about 76 Million on to the roster every year at this rate.. another Billion by 2027

    As I said many times over and over again.. the Gov't of the world want to prevent wars.. famine.. inflation.. etc??? put a stop on baby births for 7 years... get this population back down to 5 Billion.. Life will be grand. FUCK BABIES!!! They SUCK. The don't do shit. Needy MUTHAFUCKAS

    Remember, it's your responsibility to spay and neuter...help prevent overpopulation... ;)

    Link to comment
    Share on other sites
    G. David Felt
    7 minutes ago, Cubical-aka-Moltar said:

    Remember, it's your responsibility to spay and neuter...help prevent overpopulation... ;)

    We tried that by doing that to everyone that got locked up in the pych wards. Virginia was the last state to stop doing that when committed in 1989 and ended up settling out for 800 million. Sadly the ubber liberals think it is cruel punishment to keep those with poor genes from reproducing.

    Does not mean people do not love retarded, downs, mentally unstable, etc. but one does have to wonder how reproducing the weakest genes in society helps society? :scratchchin:

    Link to comment
    Share on other sites
    Robert Hall
    6 minutes ago, dfelt said:

    We tried that by doing that to everyone that got locked up in the pych wards. Virginia was the last state to stop doing that when committed in 1989 and ended up settling out for 800 million. Sadly the ubber liberals think it is cruel punishment to keep those with poor genes from reproducing.

    Does not mean people do not love retarded, downs, mentally unstable, etc. but one does have to wonder how reproducing the weakest genes in society helps society? :scratchchin:

    I have no interest in reproducing myself, but I do think that only the most well educated and those that can afford it should reproduce..no point in reproducing if you can't afford it.   Kids are very expensive and a huge responsibility.  

    Edited by Cubical-aka-Moltar
    • Agree 1
    Link to comment
    Share on other sites


    Join the conversation

    You can post now and register later. If you have an account, sign in now to post with your account.
    Note: Your post will require moderator approval before it will be visible.

    Guest
    Add a comment...

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.

    ×

  • google-news-icon.png



  • google-news-icon.png

  • Subscribe to Cheers & Gears

    Cheers and Gears Logo

    Since 2001 we've brought you real content and honest opinions, not AI-generated stuff with no feeling or opinions influenced by the manufacturers.

    Please consider subscribing. Subscriptions can be as little as $1.75 a month, and a paid subscription drops most ads.*
     

    You can view subscription options here.

    *a very limited number of ads contain special coupon deals for our members and will show

  • Similar Content

  • Posts

    • G. David Felt
      Random Thoughts Thread

      By G. David Felt · Posted

      Those that cannot accept a multi-cultural world and immigration deserve to lose everything. I will stay professional, but believe that our North American Economy is about to get far worse over the long term than it is now. It is amazing how people do not seem to realize that the first two years of a new president is dealing with the ramifications of the last president. The high inflation was due to the failed policies of those before. We now have low unemployment and a strong economy. Will be interesting to see how it ends.
    • oldshurst442
      Random Thoughts Thread

      By oldshurst442 · Posted

      I say, let it get worse.  The people have spoken and this is what the MAJORITY voted for.  He even got the popular vote.  Therefore the people of America have spoken.   This is what they want.  This is what they feel comfortable with.   But I dont want to hear ANY whining from ANYBODY about what possibly may happen with him Him in power.  Fool me once,  shame on you!  Fool me twice, shame on me?   Technically this is how that saying goes.  But you never know. Maybe it really IS the lefty libtards that are the problem.   Hopefully it IS the lefty libtards that are the problem and the Messiah Trump will BE the solution to ALL of our problems.   I will be the first one to apologize if He actually does fix America's and Canada's problems.  And unite ALL of the world and the world gets to sing Kumbaya ALL in unison. Hopefully He is the next coming of Christ.   Keeping my fingers crossed but I aint holding my breath if you know what I mean.   
    • G. David Felt
      Random Thoughts Thread

      By G. David Felt · Posted

      @oldshurst442 This pretty much sums up just how bad it is going to get. Trump's economic plans would worsen inflation, experts say | AP News
    • oldshurst442
      Random Thoughts Thread

      By oldshurst442 · Posted

      Not just iPhones... He tariffed Canadian wood the first time around as Pres and the prices of wood skyrocketed so American home builders bought American wood which was and is more expensive than Canadian wood.  I guess that is good for American wood producers. But for the fact that house prices also skyrocketed.  And considering that Canada and US have a more or less good trading thing going on...so not that good.  Not for the US and not good for Canada.  But Donald thinks otherwise. And all the folk that voted for him this time around think that the economy will get better?  I hope so for their sake. But Elon and Jeff B's billions rose quite a bit upon the announcement of his re-election.  I wonder if those  people that voted for him, I wonder if their wealth also rose instantly?    You poor bastards... You have no idea what is coming to you... (those that voted for him.  With the excemption of the rich of course)     Donnie Rides Again
    • oldshurst442
      Airplanes

      By oldshurst442 · Posted

  • Who's Online (See full list)

  • My Clubs

×
×
  • Create New...

Hey there, we noticed you're using an ad-blocker. We're a small site that is supported by ads or subscriptions. We rely on these to pay for server costs and vehicle reviews.  Please consider whitelisting us in your ad-blocker, or if you really like what you see, you can pick up one of our subscriptions for just $1.75 a month or $15 a year. It may not seem like a lot, but it goes a long way to help support real, honest content, that isn't generated by an AI bot.

See you out there.

Drew
Editor-in-Chief

I've whitelisted
Continue without support

Write what you are looking for and press enter or click the search icon to begin your search