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  • Have Gen Y given up on owning a car outright?
  • Have Gen Y given up on owning a car outright?
    Leo Hidalgo, Creative Commons (2014) ©
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How are generation rent driving?

After much difficulty for the industry in the wake of the recession, new car sales have been steadily rising since 2012. Yet a growing number of Gen Yers are no longer buying cars outright, leasing them instead. Why are Personal Contract Purchases taking off? And are they here to stay?

Location United Kingdom

Scope
Noticed a lot of new cars on the road lately? You'd be forgiven for being surprised by this – these are hardly the sunniest of times for most British households, even if the economy is slowly recovering. Yet after much difficulty for the industry in the wake of the recession, new car registrations have been rising steadily since 2012, hitting an all-time high of over 2.6 million in 2015. [1] Yet a growing number of Gen Yers are no longer buying cars outright from a dealership, opting to lease one instead.

Why shell out between £15,000 and ...

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