As of November 2023, millennials were the age group in the United States with the highest intent to splurge on vehicle purchases, at a share of 16 percent. Gen Z and Gen X tied as the second age group in the country with the highest splurge intentions for this product type.
Share of respondents in the United States who intended to splurge on vehicles as of November 2023, by age group
The source specifies that Gen Z refers to respondents aged from 18 to 25 years old, millennials refers to respondents aged from 26 to 41 years old, Gen X refers to respondents aged from 42 to 57 years old, and baby boomers refers to respondents aged 58 to 74 years old.
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McKinsey & Company. (December 15, 2023). Share of respondents in the United States who intended to splurge on vehicles as of November 2023, by age group [Graph]. In Statista. Retrieved November 20, 2024, from https://www.statista.com/statistics/1440777/share-of-us-consumers-intending-to-splurge-on-vehicles-by-age-group/
McKinsey & Company. "Share of respondents in the United States who intended to splurge on vehicles as of November 2023, by age group." Chart. December 15, 2023. Statista. Accessed November 20, 2024. https://www.statista.com/statistics/1440777/share-of-us-consumers-intending-to-splurge-on-vehicles-by-age-group/
McKinsey & Company. (2023). Share of respondents in the United States who intended to splurge on vehicles as of November 2023, by age group. Statista. Statista Inc.. Accessed: November 20, 2024. https://www.statista.com/statistics/1440777/share-of-us-consumers-intending-to-splurge-on-vehicles-by-age-group/
McKinsey & Company. "Share of Respondents in The United States Who Intended to Splurge on Vehicles as of November 2023, by Age Group." Statista, Statista Inc., 15 Dec 2023, https://www.statista.com/statistics/1440777/share-of-us-consumers-intending-to-splurge-on-vehicles-by-age-group/
McKinsey & Company, Share of respondents in the United States who intended to splurge on vehicles as of November 2023, by age group Statista, https://www.statista.com/statistics/1440777/share-of-us-consumers-intending-to-splurge-on-vehicles-by-age-group/ (last visited November 20, 2024)
Share of respondents in the United States who intended to splurge on vehicles as of November 2023, by age group [Graph], McKinsey & Company, December 15, 2023. [Online]. Available: https://www.statista.com/statistics/1440777/share-of-us-consumers-intending-to-splurge-on-vehicles-by-age-group/
