The current economic situation is the real factor to blame when it comes to low car sales versus electronic gadgets. Airplanes, cruise ships, and hotels are a onetime expense unlike buying a car that requires you making high monthly payments for a couple of years, even if they all have made adjustments and are adapting to the new needs and wants from Generation Y. Airlines, cruise ships, and hotels now offer services like free Wi-Fi. Cars now claim to leave a smaller carbon footprint, like the Ford Fiesta with attractive features like a considerably low price, high mph, and better for the environment, all these features are still not attracting young consumer’s interests. Young adults are trying to find ways to cut cost, stay healthy, and be environmentally cautious. Walking, riding a bike, taking the bus, or carpooling with friends to get to campus and work made it to top 3 on the Surviving the Economy: 10 Easy Ways to Save Money Right Now
On the other hand, the sales of iPads, iPhones, and other electronic gadgets, continues to increase not only from the purchases of the Generation Y, but also from all generations. Therefore, it might be the car industry trying to find more excuses for not meeting their sales.
I agree that the economy is the biggest factor for the decline of automobile sales. Young adults don't have jobs, and even if they do, they simply don't make enough to be able to afford car payments, rising gas prices, and any other expenses a car may bring. I was fortunate enough to have a car passed down to me and I know I wouldn't be able to help my mom pay bills, buy groceries, keep a roof over our families head and pay monthly car payments. the current economic situation makes it hard for most people to even consider purchasing a car.
ReplyDeleteI agree economy is one of the biggest factors paying part on the decline of sales in the auto industry. I believe generation Y has nothing to do with this we have never had money to afford a car, why would they think we have money now, but we just want to save it, that makes totally no sense.
ReplyDeleteDefinitely it must be the economy why people aren't purchasing cars. Why wouldn't you want to purchase a new model car of the year? In the eyes of many I suppose buying gadgets seems a bit more affordable then purchasing a car. Car dealerships should offer better incentives to customers rather than complain that the internet is taking away their cliental.
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