An Improving Outlook For Young Car Buyers

It appears that car shoppers aged 18-34 are becoming a larger group in car sales this year. This can be attributed to an improving economy. This is a promising sign for the economy, because some analysts believed this group would remain relatively small due to a decreased amount of driver’s licenses in this group, and a higher accessibility to public transportation. For this age group, there are fewer jobs available, as well as a higher amount of student loan debt, which serves as a huge barrier to buying a car. But, recent signs have shown promise for more growth in car sales for this age group, such as an increase in supply of jobs in the labor market.

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