Toyota, Honda Most Popular Old Cars for Millennials

Millennials Take The Wheel Of Vintage Car Collecting, And It’s A Fun Ride

Toyota, Honda Most Popular Old Cars for Millennials
A 1966 Ford Bronco on sale at a Barrett-Jackson auction. This vintage SUV is many first-generation Broncos that have risen in popularity among Millennial collectors. Barrett-Jackson

Traditionsof the past are often abandoned by later generations.

Vintagecar collecting—a hobby beloved by the baby boomer generation—will avoid a similarfate thanks to the much younger Millennials, a demographic posing an unexpectedresolve to keep the passion alive.

Barrett-Jackson,an auction house that specializes in classic and antique cars, has seen thenumber of Millennial buyers increase an average of 48 percent every yearsince 2009, according to CraigJackson, its chairman and CEO. 

RM/Sotheby’salso has observed a similar shift. “We see the demographics of our auctionattendees getting younger,” says Alian Squindo, chief operating officer ofthe collector car auction house.

The annual Audrain Newport Concours & Motor Week in Rhode Island held its first “30 Under 30” event in 2019, inviting young hobbyists under 30 that have spent less than $30,000 on their restorations to compete in a Concours class all their own. The resulting event was far oversubscribed.

Carter Kramer’s 1976 BMW 2002 took home the top prize in the 30 Under 30 category at the 2019 Audrain Concours d’Elegance. Audrain Newport Concours

Millennials Are Buying Despite Wide Misconceptions

“Many think of Millennials as young kids, but those born in the early 1980s are entering their 40s and they grew up during the tech boom,” Jackson said, citing Mark Zuckerburg as a prime example.

According to a 2019 report by Coldwell Banker, there is already a significant population of millionaire Millennials.

Over the next decade the group will “hold five times as much wealth as they have today and are expected to inherit over $68 trillion from their predecessors.

” The report also points to a boost in the number of millionaire Millennials buying collectible and classic cars at the 2019 Monterey Classic Car event.

Yet,some still believe that Millennials lack the enthusiasm or predilection to carsand car culture compared with the prior generations, going back to the start ofthe Boomer phase in the ’50s.

“Millennials,ridden with student debt, entered the job market during the Great Recession andwere slower to purchase expensive new vehicles at an early age, un pastgenerations, said Ryan ZumMallen, author of the book Slow Car Fast: TheMillennial Mantra Changing Car Culture for Good.

“Thiswas misconstrued as disinterest in cars completely and spurred the misnomer ofa lazy generation that wanted to stare into their smartphones and live on thebasement couch,” ZumMallen said.

Owners of vintage trucks and SUVs from the 1979 model year and earlier at the 2019 Copperstate Overland rally, an off-road lifestyle event for vintage vehicle enthusiasts. Copperstate Overland

A Changing Car-Collecting Landscape

Notonly are Millennials participating in vintage car auctions, they are evolvingthe platform. The rise of online auctions is reshaping the collector carmarket. “These younger generations who are jumping in the market have grown uponline and embrace evolving technology,” Jackson said. “Some have evenpioneered this technology.”

Millennials have more online literacy and comfort with making purchases over the web, which is a stark departure from Boomer collectors,” ZumMallen said. They are also leaving the “old, static car show behind in favor of events that put driving at the center or feature aspects live music or on-site camping.” 

“Ourlandscape in the old car hobby is changing, but it’s not shrinking,” saidMcKeel Hagerty, CEO of insurance firm Hagerty, which specializes in classicvehicles. The growth of regional “cars and coffee” events and the number of TV showsdedicated to the hobby continue to its appeal, Hagerty said.

This 1984 Dodge Daytona Turbo sold for, 350 at a May 2020 Barrett-Jackson auction. Barrett-Jackson

Restomods and Trucks

WhenBoomers came of age, they were limited to three collecting areas: pre-war,post-war and American muscle, ZumMallen said.

Millennials appreciate these classics, but they also reminisce about cars that they either drove as teenagers or aspired to drive.

“There is a growing demand for domestic and import vehicles built between the late 1970s to early 1990s,” Jackson said.

A 1984 Dodge Daytona Turbo two-door hatchback sold for $20,350 during an online auction held by Barrett-Jackson in May 2020, setting a world auction record for the model.

Youngercollectors also to mix classic styling with modern comfort as is indicatedby the recent boost in popularity of the “restomod” market.

A restomod is anolder vehicle updated with new amenities and technology such as fuel-injectedengines and wireless connectivity.

“We’re seeing great custom work witheverything from Corvettes and classic muscle cars to SUVs and pickups, theChevy Blazer and 3100, Land Rover and Ford Bronco,” Jackson said.

An interest in trucks and SUVs also has caught fire among Millennials.

Trucks used to serve a functional purpose for many different types of workers, but have evolved to target a broader, more status-oriented demographic that can handle a bloated sticker price.

The older, more utilitarian trucks that have been properly maintained are now easier to find at a low cost and are ideal for customization.

Demandfor custom and original SUVs and pickups from the 1970s and 1980s have beensteadily rising over the decade, said Jackson, whose auctions have seen morethan 50 percent growth in sales of first-generation Ford Broncos built between 1966and 1977.

In a Hagerty valuation list of the top 25 Hottest Collector Vehicles for spring 2020, the Toyota Land Cruiser FJ60 and FJ62, built between 1981 and 1990, was ranked at No. 1. The Jeep Cherokee, model years 1974 through 1983, sits at the No. 4 slot, and the first-generation Ford Bronco is No. 7.

A 1987 Toyota Land Cruiser, which landed the top spot on Hagerty’s valuation list of the hottest collectable vehicles for spring 2020. Hagerty

Customization Goes Beyond the Car

Thecustomized experience Millennials demand stretches beyond just the vehicle andthe changing format of the traditional auction. The younger generation istaking a more experiential approach to car collecting.

Expeditions such as the Copperstate Overland (a rally for vehicles from the 1979 model year and older) and the Rebelle Rally (an all-women, off-road navigation rally) are providing platforms for owners to take vintage trucks and SUVs on off-road trips alongside other -minded individuals.

“Millennials want to share their cars with other enthusiasts, both virtually and in the real world,” ZumMallen said. “The informal weekend group drive and Instagram-ready meet-up on a picturesque road are very much in style.”

Источник: https://www.forbes.com/wheels/features/millennials-vintage-car-collecting/

Five Used Cars That Millennials Love

Toyota, Honda Most Popular Old Cars for Millennials

When considering “how to sell my car fast” so that you can get a new vehicle, consider these five vehicles that millennials love. Although these models are discontinued, this makes some of their prices a little lower and gives millennials a chance to buy a car rather than lease one at a dealership.

Younger people tend to lack the credit needed to buy a new car or the finances required for a down payment, so used vehicles become something of a staple for them. However, it’s not always the inexpensive cars that are making the list here.

Here are five used cars that millennials love!

Chevy TrailBlazer

Who doesn’t love the TrailBlazer? The TrailBlazer was manufactured from 2002-2009 in the United States and seemed to be pretty popular. The Chevy Blazer was its previous model, and this replacement model is actually pretty popular among millennials.

With an average price of around $6k, millennials don’t have to break the bank and may not even need a small loan for this car. Some models get as low as $4k, so this is a great option for those who want an SUV but aren’t able to spend a lot of money on it.

The Chevy TrailBlazer gets up to 20 MPG, which isn’t so great for a SUV nowadays, particularly a midsize one the TrailBlazer. Its 5.3L V8 engine has been discontinued by Chevy.

It has about 390 horsepower and 400 lb.-ft. of torque, and of course it comes with a trailer hitch in case you’d to tow.

The tight turning capability is great, but it has limited visibility and this vehicle is a little bulky for a midsize SUV.

The Chevy TrailBlazer 2009 model comes with electronic stability control as well as traction control and an emergency communication system. It’s also available with an optional power moonroof, entertainment system, and leather seating. The bucket front seats give this vehicle a sporty feel.

The Chevy replaced the TrailBlazer with the Chevy Equinox and Chevy Traverse, the former a midsize SUV and the latter a larger full-size SUV. Despite its newer successors, the TrailBlazer is still popular among millennials.

Dodge Magnum

The Dodge Magnum seemed to be popular while it lasted. It was only manufactured for three years and was a pretty sporty looking station wagon. These vehicles range from $3k at the lowest to $14k at the highest for millennials. With up to 425 horsepower with 420 lb.-ft. of torque, these station wagons were anything but ordinary.

The bold body complete with a spoiler and optional dual exhaust as well as the decent handling and acceleration may have just made up for its lack of luxury inside or the lack of safety features. With up to 26 MPG, it definitely beats the TrailBlazer for fuel. Its options include a power moonroof, automatic temperature control, a navigation system, and up to 13 speakers in the SRT8 model.

The Magnum comes with brake assist, stability and traction control as well as dual front impact airbags. With the bucket front seats and and option for leather upholstery, the magnum does add just a touch of luxury for some of the things it lacks. For a millennial, however, this car has a lot to offer for the price!

Saturn Outlook

This full-size SUV is a little more expensive at an average of $10k, but its also been manufactured into 2010 and provides the comfort and space of a large SUV for millennials.

It gets up to 24 MPG and offers safety features such as panic brake assist, park assist, and a rear backup camera.

This large SUV also seats up to 8 people, which is perfect for millennials who have families or lots to carry around.

The Saturn Outlook also comes with a stability system in addition to six standard airbags and intelligent all-wheel drive. To customize your look, you have the option for a dual exhaust and a spoiler.

There are also options for a trailer hitch as well as a power liftgate.

The automatic temperature control, rear HVAC, speed control, and emergency communication system give the Outlook lots of options for millennials.

Volkswagen R32

This hatchback was only made for two years—2004 and 2008, which is a little odd, but hey, it’s a used vehicle that millennials love! Not to mention the VW fans have new options for hatchbacks including the Golf, GTI, and Beetle. These cars get up to 23 MPG and are the most expensive of all the cars on this list at an average of $15k.

The higher price is influenced by the fact that there were only about 5,000 of the R32s produced. It’s got 250 horsepower with all-wheel drive and a standard stability system. This coupe has a spoiler, brushed aluminum grille, and is pretty quick on the 0-60 mark at 6.4 seconds.

The R32 comes with ten speakers, rain-sensing wipers, and 236 lb.-ft. of torque. Its safety features include brake assist, traction control, security system and stability control. With standard leather seating and room for up to 5, this hatchback coupe is certainly unique for VW.

Pontiac Aztek

Only made for a few years (2001-2005), the Aztek is an SUV you’d certainly remember seeing. Its odd shape stands out among the crowd. With prices as low as $2k, millennials might love this vehicle if they’re looking for an SUV.

With up to 26 MPG, the Aztek looks a young person car because of its unique styling. It’s been noted to be easy to drive as well as quiet. The resale value for these vehicles is pretty low due to their limited popularity, but for millennials, these SUVs are a great deal.

It comes with up to ten speakers, an entertainment system, and a spoiler. What more could a millennial want? It also comes with options for safety features such as traction control, dual front impact airbags, and dual front side impact airbags.

With an option for leather as well as headed front bucket seats, the Aztek has a lot to offer for the price!

Millennials love these five discontinued cars. With both cars and SUVs available, there’s something for every millennial on this list. Whether you’re looking for a limited production VW or a SUV at a great price, check out these five used cars that millennials can’t get enough of.

Источник: https://www.mccluskeyautomotive.com/five-used-cars-that-millennials-love/

Toyota, Honda Most Popular Old Cars for Millennials

Open practically any book, newspaper or website, and it’s ly you’ll see mention of Millennials—a generation that is the subject of seemingly endless speculation about consumer preferences and habits.

The constant attention given to this cohort of 83 million Americans prompted the insurance comparison website Insurify to wonder which vehicles Millennials are most ly to drive.

According to the U.S. Census Bureau, the generation dubbed “Millennials” includes anyone born between the years of 1982 and 2000. Thus, in 2018, Millennials can range in age from 18 to 36. The Millennial generation is predicted to surpass the Baby Boomers in size by the end of 2019, which would make Millennials the largest living generational group at that point.

So what does the generation that came of age during the Internet Revolution and entered the workforce at the height of the Great Recession to drive? Insurify’s data scientists crunched the numbers and produced a list of the top ten vehicles driven by Millennials.

While other studies have been done on Millennial automotive purchase habits, the fact is that many members of this generation are still driving a parent’s car, so purchase data does not tell the whole story—this list offers a comprehensive account of which vehicles are most ly to contain a Millennial driver.

Methodology

Insurify allows users to compare auto insurance quotes driving history, vehicle type, and other personal data. The rankings in this article are a set of 672 thousand automobile insurance shopper applications that included a member of the millennial generation.

The ages of each individual named on a policy, and the vehicle they drove, was recorded, delivering unique insight into the vehicles most ly to be driven by Millennials. MSRP information is entry-level trim price for current model year, as reported by the vehicle manufacturers’ websites.

Data is current as of April 2018.

Photo Credit: © M 93 via  Wikimedia Commons

10. Hyundai Elantra

  • Percentage of Millennials Driving: 1.57%
  • MSRP: $16,950
  • First Year Vehicle Sold in U.S.: 1992

The only Hyundai to appear on this list, the Elantra achieved the #10 spot with just over 1.5% of Millennials behind the wheel of this model.

And it’s not just Millennials who the Elantra: this car was the 20th top-selling vehicle of 2017, according to Car and Driver. The Elantra is the cheapest model on the list, making it an economical option.

It’s also a 2018 Top Safety Pick+ with the Insurance Institute for Highway Safety (IIHS)—an impressive performance given the model’s low sticker price.

Photo Credit: Tuner tom via Wikimedia Commons

9. Ford F-Series Pickup

  • Percentage of Millennials Driving: 1.65%
  • MSRP: $27,705
  • First Year Vehicle Sold in U.S.: 1948

As of 2017, the Ford F-Series has been the top-selling vehicle in the U.S. for 36 straight years and the top-selling pickup truck for 41 years.

Thus, it’s no surprise to see it show up on this list. It’s also the oldest model on the list in terms of how long it has been sold in the U.S. And with a Top Safety Pick rating by the IIHS, this vehicle is a sound option from a safety standpoint. On the other hand, the F-Series is also one of the most expensive vehicles on this list.

If you want to drive this truck, expect to pay for the privilege.

Photo Credit: IFCAR via Wikimedia Commons

8. Ford Focus

  • Percentage of Millennials Driving: 1.91%
  • MSRP: $17,950
  • First Year Vehicle Sold in U.S.

    : 1999

Millennials appear to be doing their part for the model’s popularity, with nearly 2% of the generation choosing to drive a Focus.

The model’s decent 25/34 MPG and low price (the second-lowest on this list) make it an economical option, especially as a starter car. Though technically a domestic vehicle, starting with the 2019 model this car will no longer be made in the USA.

Photo Credit: By Ryan Hildebrand via Wikimedia Commons

7. Chevrolet Malibu

  • Percentage of Millennials Driving: 1.94%
  • MSRP: $21,680
  • First Year Vehicle Sold in U.S.: 1964

The Chevy Malibu enjoys Top Safety Pick status with the IIHS, and is a Car and Driver Editors’ Choice.

It is also the longest-produced non-truck model on this list, so Chevrolet has had plenty of time to get it just right. This vehicle comes with a hybrid option for the environmentally-conscious, but it hasn’t proven a popular option with car buyers.

As a result, GM plans to roll out a brand-new hybrid system for 2019.

Photo Credit: IFCAR via Wikimedia Commons

6. Chevrolet Impala

  • Percentage of Millennials Driving: 2.04%
  • MSRP: $27,895
  • First Year Vehicle Sold in U.S.

    : 1958

The second Chevrolet model to make this list, the Impala is the choice of just over 2% of Millennial drivers. It’s lauded by several automotive reviewers, including U.S. News & World Report.

On the other hand, the Impala has the most expensive base MSRP on this list and suffers from a relatively low 22/30 MPG.

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Photo Credit: Mr.choppers, via Wikimedia Commons

5. Toyota Corolla

  • Percentage of Millennials Driving: 2.80%
  • MSRP: $18,600
  • First Year Vehicle Sold in U.S.: 1968

The Toyota Corolla is the vehicle of choice for nearly 3% of Millennials.

What’s more, Car and Driver lists the Corolla as ninth on its list of top-selling vehicles for 2017. The model has a competitive 28/36 MPG and is an IIHS Top Safety Pick.

Toyota has extensively redesigned the hatchback version of the Corolla for 2019, including a brand-new platform, engine, and transmission.

Photo Credit: IFCAR via Wikimedia Commons

4. Toyota Camry

  • Percentage of Millennials Driving: 3.23%
  • MSRP: $23,495
  • First Year Vehicle Sold in U.S.: 1983

According to Car and Driver, the Toyota Camry was for a long time the top-selling non-truck in the U.S.

, although in 2017 it dropped down to sixth on the magazine’s top-selling vehicles list (which still makes it the best-selling sedan in the U.S.). It’s the #1 midsize car with U.S. News & World Report and has an IIHS Top Safety Pick+ status.

Additionally, the model’s excellent 29/41 MPG means its drivers will be spending less at the pump.

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Photo Credit: IFCAR via Wikimedia Commons

3. Nissan Altima

  • Percentage of Millennials Driving: 3.32%
  • MSRP: $23,260
  • First Year Vehicle Sold in U.S.

    : 1992

The Nissan Altima ranked 13th on Car and Driver’s top-selling vehicles in 2017. The model’s Top Safety Pick status with the IIHS and 27/38 MPG make it a solid choice for drivers seeking a practical sedan option.

Nissan will be updating the 2019 Altima with a number of tech upgrades, including an all-wheel-drive option.

Photo Credit: IFCAR, via Wikimedia Commons

2. Honda Civic

  • Percentage of Millennials Driving: 3.85%
  • MSRP: $18,840
  • First Year Vehicle Sold in U.S.: 1973

The Civic missed the top spot on this list by just a fraction of a percent. This model is popular with the critics, including U.S.

News & World Report and Car and Driver (who gave the Civic a five-star rating and Editors’ Choice status). The Civic comes in sedan, hatchback, and coupe variants, making it appealing to a wide-range of drivers.

Not surprisingly, it was the second-best selling car on Car and Driver’s 2017 list and the eighth best-selling vehicle overall.

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Photo Credit: Kevauto via Wikimedia Commons

1. Honda Accord

  • Percentage of Millennials Driving: 3.87%
  • MSRP: $23,570
  • First Year Vehicle Sold in U.S.: 1976

Nearly 4% of Millennials choose to drive the Honda Accord, making it the most popular vehicle on this list.

The model has a great deal going for it, including Top Safety Pick status by the IIHS for both its coupe and sedan forms and an excellent 30/38 MPG. And the critics agree; the Accord is highly ranked by U.S.

News & World Report and received 10Best status from Car and Driver for a record 21 times, most recently in 2018.

Источник: https://insurify.com/insights/most-popular-millennial-vehicles/

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