My 17 y/o typifies this trend. He's just not interested, though he has now begun reluctantly taking steps toward getting his license. He doesn't really understand what the rush is, even though he's into Top Gear, Tesla, concept cars, etc. Says he's nervous to drive because he knows people his age are prone to accidents, and he genuinely likes walking. Pretty hard to argue with that as a parent!

We live in a world of ride sharing, smart phones, social networks and super easy ways to hook up and catch up. This fact alone together with a whole lot of other technology makes the idea of cars feel insignificant amongst so many other alternatives. Cars come with responsibilities, fuel costs, insurance costs, maintenance costs and millennials just don't give two shits about having a car and "being cool", that time has passed.

I did the math here, as the least paid generation, it makes no sense to own a car when there is so many other things you can be doing with the money it costs to own one.