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Stock impact report

Generation Z, The Youngest Car Shoppers, Are Surprisingly Traditional [Forbes]

Cars.com Inc. (CARS) 
Last cars.com inc. earnings: 2/26 07:30 am Check Earnings Report
US:NYSE Investor Relations: investor.cars.com/overview/default.aspx
Company Research Source: Forbes
Getty Images The auto industry should quit worrying that younger generations aren't interested in driving and car ownership – something that gave the car industry nightmares when Gen X, now in their 40s and 50s, were said to be slower than their Baby Boomer parents, to get drivers licenses and take out auto loans. It turns out Generations X, Y and Z may have postponed car ownership and auto loans due to economic ups and downs, but they're still plenty interested. The latest evidence is a recent, cross-generational survey of more than 4,000 customers of the Cars.com online auto shopping site. “The most surprising thing I found was, you would think Gen Z would want to do everything online, but they truly want to go to a dealership for their first car-buying experience,” said Amie Lindaas, director of research and insights for Cars Commerce, in a phone interview. Cars Commerce is a Chicago-based technology company. Cars.com is its flagship product. Generation Z, also known as Zo Show less Read more
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