Why Young People Don't Want to Own Cars - Presented by: The Aol. On Network

There were plenty of new cars at the Frankfurt motor show this week. But tomorrow's drivers are in short supply. Thirty years ago three-quarters of 17-year olds in the U.S. had a drivers license. Now less than half do. It's the same story in almost every developed market. People under 30 bought just 2.7 percent of new cars in Germany this year - the lowest figure ever recorded. Ernst & Young's Mike Hanley says long commutes are a no-no for young urbanites.



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