By: Lisa Wright Business Reporter, Published on Thu Oct 10 2013
“In the past, if you wanted to date someone, you couldn’t ask her out if you didn’t have a car,” Akio Toyoda, 57, told a packed auditorium of about 900 Meiji University students in Tokyo earlier this fall.
“It’s all changed now. Money goes on monthly phone bills. Also, parking’s expensive and it’s easy to get around . . . on public transport.”
His frustration is indicative of the looming crisis facing the big automakers down the road: how to get kids interested in cars.
While boomers continue their love affair with the automobile, their tech-driven offspring would rather get from point A to point B on their smartphones, which has car makers in a tailspin.
Did you sign a smartphone contract instead of a car lease? Let us know in our comments section below
The big auto manufacturers are on pace for a record-setting sales year in Canada and the U.S. But a worrisome scenario looms to get so-called “millennials” (ages 16 to early 30s) behind the wheel, and keep sales momentum rolling in the future, experts say.
The elusive Gen Y crowd (often considered to be people born in the 1980s and 1990s) would rather socialize on their computers and smartphones than drive over to a friend’s house the way mom and dad liked to do in their day, says Dennis DesRosiers, president of DesRosiers Automotive Consultants in Richmond Hill.
© 2020 Abacus Data. All rights reserved.