Baby boomers now buying more new cars than their children

Could it be that the automobile's luster has faded over the years, that cars have become less synonymous with youth and freedom to Generation Y. A study by the University of Michigan Transportation Research Institute clearly says yes, but that's not the whole story, Bloomberg reports. Though young people are buying fewer new cars, baby boomers, the crowd born between 1946 and 1964, are buying more new cars. Young people aren't flocking to buy used cars, either ...

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