Three-quarters of millennials own cars – most expect to
purchase or lease a new car in the next five years.
The future isn't certain, but 75% of the respondents to our
global survey currently own or lease a car–and of that group,
83% expect to purchase or lease another car in the next five years.
Diving into different regions also provided important information
about the future of car ownership.
Global Ownership or Leasing
of Cars is High for Millennials
At a regional level, responses across Asia varied the most.
China (other than Hong Kong) and India had very high levels of
respondents who own or lease, at 89% and 87%, respectively. Hong
Kong and Singapore reported lower levels, at 62% and 46%,
respectively. Japanese respondents reported average levels of
ownership or leasing at 71%.
