Zipcar: More than 50% of Millennials Choose Car Sharing Over Driving Own Car

Zipcar Inc. recently released its "Millennials and the New American Dream" study that examines millennials' (ages 18-34) evolving attitudes towards transportation, technology and what's next in their lives compared to older generations.

Conducted between Dec. 5 and Dec. 8, this year's survey of 1,009 U.S. adults (965 licensed drivers) revealed that despite millennials' differences in the areas of technology and transportation, they are surprisingly similar to older generations on what they value, how they give to the greater good and key components of their American Dream.

While the traditional American Dream may include having a car in the garage, more than half of millennials (53%) claim that high costs of maintenance, parking and gas make it difficult for them to own a car, while only 35% of older generations feel the same. In fact, Zipcar's study showed 17% of 18-24 year-olds don't even have a license.

In addition, more than 50% of millennials say they would drive less if other transportation options like public transit and car sharing were available in their area — 35% reported seeking substitutions for driving.

According to the study, transportation mobile applications still need to reach a tipping point with older audiences, as only 10% indicated that these apps reduce their travel use. However, millennials (24%) are twice as likely to point to these apps (like Zipcar) as a reason for a decrease in their driving.

"From driving less, to preferring mp3 over mpg, to valuing experiences over possessions, this generation has a fundamentally different approach to living than their elders," said Zipcar President Mark Norman. "Yet the data shows that their lifestyle aspirations are similar — a good job, a nice place to live and the ability to enjoy life's great experiences. It shows the power of the American Dream is not diminished, but rather enhanced by technology and innovation."

Click here for the full Zipcar study: http://www.slideshare.net/Zipcar_PR/millennials-2013-slide-share

Comments

  1. Alan [ February 26, 2014 @ 04:56AM ]

    The concept of carsharing is difficult to sell to people who've been private car owners for their entire adult life. For younger people, who've never tethered their personal identity to the make and model they drive and haven't constructed their daily routine around the use of the private car, carsharing is completely sensible.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Auto Manufacturers: Mobility Disruptors or Fleet Providers?

Maven’s Alex Keros shares insights into evolving smart mobility business models and new opportunities with fleet management.

What is Your Time Worth?

Personal observations of retail and travel transactions reveal just how much a consumer’s time is worth today, and how increasingly intolerant we are of inefficient transactions.

Safeguarding Your Business with Brokers

While the high-profile bankruptcy of Atlas Choice has left many car rental companies wary of working with brokers, rental companies can take steps to protect themselves and ensure a productive relationship.

Job Finder: Access Top Talent. Fill Key Positions.

>