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Tag Archives: Center for Automotive Research Management Briefing
Economics, Not Disinterest Explains Low Car Sales to Young
Disinterest in new cars by young people is a myth that ignores fundamental economic trends, General Motors Chief Economist Mustafa Mohatarem said at the CAR Management Briefings in Traverse City, Michigan. New car affordability, a crushing student loan debt and higher operating and insurance costs are delaying young people from buying new vehicles. “It’s not a permanent withdraw from the market, it’s more of a delay,” Mohatarem said. Continue reading →
Posted in auto news, economy, sales
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Tagged autoinformed, autoinformed.com, Center for Automotive Research Management Briefing, gen y, GM, Ken Zino, millennials, young people car buying
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