LendingTree study finds millennials are driving cheaper cars

Hi Larry,

Millennial's circumstances have forced them to buy cheaper cars, according to QuoteWizard.com, a LendingTree company’s latest study. It found millennials are spending as much as $5000 less than other generations on their cars.

Here are some key takeaways from our research:

  *   The top 3 cars owned by millennials are Honda Accords ($23,720), Nissan Altimas ($23,900), and Honda Civics ($19,450).
  *   Millennials aren’t following the wider auto trends of 2018, choosing cheaper sedans over SUV’s and trucks that are popular among older generations.
  *   Millennials are more likely to be single and childless than older age cohorts, and that has significant transportation implications.
  *   Urbanization trends show more millennials are living in big cities with a wider range of public transportation and rideshare services.

All these alternative options create less of a need for cars, let alone expensive ones. You can find the full story here: https://quotewizard.com/news/posts/top-10-most-popular-cars-driven-by-millennials<https://quotewizard.com/news/posts/top-10-most-popular-cars-driven-by-millennials%20>

I thought this would be a perfect story for your audience as millennials are forced to gravitate towards other means of cheaper transportation and lifestyle.

Thank you for your time Larry. Please let me know if you want further comment, or have any questions.

Cheers,

Nathan Barber | Communications Specialist
+1 206-900-2989
Add me on LinkedIn<https://www.linkedin.com/in/nathanbarber1/>
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QuoteWizard.com, a LendingTree company, is a consumer insurance research website. Our experts have been featured on CNBC, USA Today, Associated Press, CBS, NBC, Yahoo! Finance, BizJournals, MarketWatch, the Street, Forbes and more.


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