Auto Service World
News   June 25, 2019   by Renee Montague

Don’t believe the hype. Young people still value vehicle ownership

Electric connected vehicle shown at the APMA conference

Auto analyst John McElroy says predictions about the end of personal vehicle ownership are overblown.

Speaking at the Automotive Parts Manufacturers Association (APMA) conference in Windsor,  McElroy said car ownership will continue to be attractive to young people for as long as it is cheaper than alternative transportation services.

“Vehicle ownership is predicated on socio-economic factors,” said McElroy. “Those who can afford cars will buy cars.”

McElroy, a Michigan-based automotive journalist and creator of the Emmy-winning Autoline broadcasts, said future growth for the auto industry could come from personalization of vehicles, which is an especially attractive idea to millennials and Gen-Z drivers.

“It will be like choosing a wallpaper on the outside,” McElroy said, suggesting the look of cars will become highly personalized.

McElroy also told conference attendees that the push towards autonomous vehicles will open up opportunities for automakers.

“Millennials and Generation Z like to hang out together, “ McElroy said.

“They want to go together in one vehicle. Once we get to true autonomous Level 5 vehicles, these millennials will custom vehicles into the ultimate party machines.”

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1 Comment » for Don’t believe the hype. Young people still value vehicle ownership
  1. I agree that Mr. McElroys prediction is far fetched by a longshot. Perhaps in the downtown cores of big cities but rural areas and small towns no way. I live in Trenton Ontario and our young folks want to drive cars for sure. Just look at high school parking lots and you’ll see that they’re full. I have hundreds of young customers and I don’t see that ever changing and i’ve yet to meet one person who desires a car that drives itself. They will be major job killers too for the people who rely on driving for a living, and body workers tradesmen and that’s an awful lot of people nation wide.

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