Some facts: In 1978, nearly half of U.S. 16-year-olds and three-quarters of
17-year-olds had driver's licenses; by 2008, only 31% percent of 16-year-olds and 49 % of 17-year-olds did. The share of miles driven by Americans 21 to 30 fell to 13.7% in 2009 from 20.8% in 1995.
Some analysts say the dwindling love affair with the auto will have a significant impact on sales. Carlos Gomes, an economist with ScotiaBank in Toronto, predicts growth in U.S. new-vehicle sales of only around 0.6% annually over the next decade, down from 1.1% from the prior decade.
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