Millennials Step Up Plans to Buy Cars: Report

Released  January 2, 2019
By Megan Greuling

Ride- and car-share services are becoming more popular with millennials, but a new study finds they are finally warming up to owning their own vehicles. According to new research by online exchange LendingTree, drivers ages 18 to 34 accounted for roughly 33 percent of more than 1 million auto-loan requests it received during the first quarter. That compares with roughly 27 percent in the same period of 2013, which is as far back as the firm's data goes.