Tuesday, October 03, 2006

Introducing Generation Y

Some random stuff about "Generation Y":

  • Our Ages: 10-30 (it varies) or those born from 1976 - 1996. Those of us "that count" to marketers are 18-30.
  • Marketers say we are IMPOSSIBLE to market to.
  • 4 MM of us turn 21 every ear
  • The men outnumber the women (woohoo!! more to choose from). There are 105 men for every 100 women.
  • We are the largest group of consumers in American History (57MM consumers)
  • We spent $172BB last year, while saving $39BB (401K what?)
  • According to JD Powers, we desire cars that are "fun and exciting". No Mini-vans for us. We prefer manual transmissions (driving those sticks) compared to earlier generations.
  • When looking at cars, these are the ones most likely to appeal to us as our first vehicle purchase: Honda Civic, Volkwagen Jetta, Hyundai Tiberon, Pontiac Sunfire, Ford Explorer Sport (the 2 door), Toyota Corolla and Saturn.
  • In the next 5 years, 30% of us will have bought cars online (whoa!...wait, I did).
  • Company that operates according to our lifestyle: Go figure, right?
  • and...1 in 5 of us will start our own business!!!

More Gen Y stats to follow.

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