the gap doesn’t seem massive, couldn’t this just be importance of owning a car by “stage of life?” obviously people with kids, jobs, no knees etc… need cars more than uni students.
This. I’m one of those older millennials… Over 40. I wouldn’t have a car if I didn’t live in the middle of nowhere.
The past few years I’ve mainly been working from home, so during that time, the only reason I still had a car is that I had already bought it. I still work from home, and if my car stops working, I’ll be hard pressed to find a reason to buy a replacement. The only good reason I have is for work, since I occasionally need to travel to a place for my job. And honestly, that’s the only valid reason I have right now to continue owning one.
Things just cost a lot more nowadays, and if you’re young it’s unlikely you’re earning much. Hell, it’s also possible that their parents missed the boat on salaries rivalling house prices.
The average new vehicle is $66,422 CAD and the average for a used vehicle is $37,662, as per autotrader.ca. A new vehicle is nearly the same as an entire year’s salary of an average Canadian according to statscan and that doesn’t account for the total cost of ownership.
the gap doesn’t seem massive, couldn’t this just be importance of owning a car by “stage of life?” obviously people with kids, jobs, no knees etc… need cars more than uni students.
Honestly geography seems to be the most important factor, rather than generation.
Is it really the geography, or is it availability/proximity to public transit?
Both are the same answer. I live in a place where you can’t live without access to a car.
Come to Cleveland. We have buses, and rapids, and sports, and PLEASE COME TO CLEVELAND!!! Our population is shrinking so much…
You have said much better what I was lazily leaving to inference. Yes, it is access to public transit.
This. I’m one of those older millennials… Over 40. I wouldn’t have a car if I didn’t live in the middle of nowhere.
The past few years I’ve mainly been working from home, so during that time, the only reason I still had a car is that I had already bought it. I still work from home, and if my car stops working, I’ll be hard pressed to find a reason to buy a replacement. The only good reason I have is for work, since I occasionally need to travel to a place for my job. And honestly, that’s the only valid reason I have right now to continue owning one.
Or, just affordability?
Things just cost a lot more nowadays, and if you’re young it’s unlikely you’re earning much. Hell, it’s also possible that their parents missed the boat on salaries rivalling house prices.
The average new vehicle is $66,422 CAD and the average for a used vehicle is $37,662, as per autotrader.ca. A new vehicle is nearly the same as an entire year’s salary of an average Canadian according to statscan and that doesn’t account for the total cost of ownership.