Survey: Millennials & Gen Z spending more on vehicle repair & maintenance
DETROIT – Younger consumers are paying more for vehicle repairs than their older counterparts, according to a survey orchestrated by Ally Financial, which also reinforced the value of vehicle service contracts.
WANT TO BE TREATED FAIRLY?
ASA member-shops are known for being ethical and offering top-notch services at reasonable prices.
FIND AN ASA SHOP: http://bit.ly/342NINA
A recent Ally survey conducted online by The Harris Poll among 2,012 U.S. adults determined that, on average, Americans spent $1,986 on vehicle repairs and maintenance during the last five years.
Millennials and Generation Z (individuals ages 18-34 for this survey) paid an average of $2,334 for vehicle maintenance and repairs in the past five years — a significantly higher financial burden than baby boomers and older adults.
In comparison, the survey indicated adults 55 and older spent $1,654, on average, during the same timeframe.