Most Gen Y Consumers Plan to Buy High-Tech Cars, Survey Says

While young consumers may not be as passionate about cars as their parents, most still plan to buy or lease one within the next three years, according to a new study. And they would like it to be a fully connected hybrid.

In a global survey of consumers, 61 percent of the cohort known as Generation Y say they intend to acquire a car in the next three years, with almost a quarter indicating they’ll get a new set of wheels within 12 months. Only 8 percent of consumers born between 1977 and 1994 said they will never buy a vehicle, according to the survey by Deloitte LLP.