Young Shoppers Buying Again
J.D. Power and Associates finds that young buyers are resurfacing on dealer lots, but they're buying power remains below pre-recession levels.
WESTLAKE VILLAGE, Calif. — Young buyers are returning to the automotive market, according to a recent report from J.D. Power and Associates. The research revealed that young buyers are stepping it up in terms of buying, but their share of actual purchases has yet to return to pre-recession levels.
Shoppers under 20 years old accounted for more than 46,000 of retail sales this year on a year-to-date basis, up 49 percent from 2011. The under-30 crowd accounted for just north of 1.4 million units retailed, a 17 percent jump from last year. While positive, those totals remain below levels seen in 2007.
According to the report, vehicle purchases for the under 20 crowd is down 48 percent vs. 2007, while purchases among consumers between the age of 20 and 29 are down 20 percent from 2007.
“Sales to young buyers have risen sharply (since 2011),” said Thomas King, senior director of Power Information Network, a division of J.D. Power and Associates. “These buyers, who do generally have lower credit scores than the general population, were especially impacted by restricted access to credit, but were also more susceptible to poor economic conditions (unemployment, home values etc.).
“As these factors become less significant, we are seeing sales to this buyer group recover. Hence, the recovery reflects the convergence of several factors, of which improved credit access is one, but not the only driver,” King continued.
King said strong vehicle values also is playing a role in the increase in purchases among the younger demographics, which have served to improve their trade-in equity and reduces their loan amount relative to their new vehicle value. “We are also seeing growth in longer term loans (72 months and over), which help buyers keep their vehicle expenditure affordable by reducing monthly payments,” King added.
More F&I

Trust Is Personal
Technology, no matter how efficient, can’t replace what the human F&I manager can do, which is to bridge the divide between cyberspace and the in-store experience.
Read More →
Amplify 2026 Billed as Turning Innovation Into Results
Reynolds and Reynolds says its annual retail summit will connect dealers with practical strategies, peer insight, and technology-driven ideas.
Read More →
Own Your Outcome: F&I in the Digital Customer Journey
Finance has historically been the last step in the car-buying process, but it doesn’t have to be. The customer’s journey starts long before they arrive at the dealership, and so should F&I’s involvement.
Read More →
Tariffs Could Raise Insurance Premiums
As U.S. import tariffs affect repair costs, consumers might find it more affordable to replace a damaged vehicle, according to recent Insurify tariff analysis.
Read More →
Smaller Loans, Longer Terms
The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.
Read More →
New Lifetime Battery F&I Product Meant to Drive Dealer Traffic
EFG Cos. offering is intended to create lifetime auto dealer engagement with customers.
Read More →
The Psychology Behind Menus That Increase Add-On Sales
There is a science to crafting a menu that gives customers confidence in the choices presented, and moving the process outside the F&I office can further boost results.
Read More →
Why Your F&I PVR Is Misleading You
Here’s a handy checklist of the numbers to track in 2026 instead.
Read More →
Auto Consumer Anxiety Presents Opportunity
A survey of U.S. drivers found the majority are concerned about finances and the economy, but those fears make many ready to buy vehicle-protection products.
Read More →
Humble and Hungry: 12 Rules for an F&I Life
Dustin Gingerich, with a decade in the F&I business under his belt, shares his thoughts on leadership, building trust with customers, and the importance of learning and innovation.
Read More →