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business · Gizmodo
“only half of 16-year-olds have their driver’s license, as opposed to 70% from 1966 through 1984.”
50 %
70 %
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business · Gizmodo
“average cost of a new car is around $50,000.”
around 50000 USD
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business · Gizmodo
“no sub-$20,000 new cars in America.”
0 cars
-
business · Gizmodo
“monthly payments for new vehicles have climbed 30% over four years.”
30 %
-
business · Gizmodo
“one fifth of new vehicle monthly payments is more than $1,000.”
20 %
-
business · Gizmodo
“annual rate at which cars underwent 'deregistration' or were removed from the roads—junked, mostly—was 6%. In 2025, that number was 5%, and it could be 4.4% by 2040.”
6 %
5 %
4.4 %
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business · Gizmodo
“Consumers aged 55-plus buy almost half of new cars.”
about 50 %
-
business · Gizmodo
“18- to 34-year-olds accounted for 12% of new car registrations in 2021, and that number was under 10% last year.”
12 %
under 10 %
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business · Gizmodo
“1% population growth per year, and population growth is now just about flat.”
1 %
