Cars No Longer a Status Symbol

Turns out that young people no longer see it as necessary or desirable to own cars. As a guy who owns a camera that's more expensive than his car, I'm fully in support of this trend (via Vicky):

A study by J.D. Power and Associates, most well-known for their quality rankings of cars, confirms what young people tell me: After analyzing hundreds of thousands of online conversations on everything from car blogs to Twitter and Facebook, the study found that teens and young people in their early twenties have increasingly negative perceptions “regarding the necessity of and desire to have cars.” "There’s a cultural change taking place," John Casesa, a veteran auto industry analyst told the New York Times in 2009. “It’s partly because of the severe economic contraction. But younger consumers are viewing an automobile with a jaundiced eye. They don’t view the car the way their parents did, and they don’t have the money that their parents did.”

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