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Only reason i ask is because I'm curious if Mercedes will meet their demographic target. It was stated the GLA and CLA are attempts to make the company younger, the millennial demographic was singled out specifically. we've had MANY debates on this site about young vs old demographic targeting.
I do have a feeling that at the end of the day we will see the GLA in more boomer hands than millennials... 77 million consumers who have concentrated 75% of americas wealth vs 1/3rd millennials who live at home, 62% are employed, 30% of that are part time employees...
Bloomberg recently cited research by the University of Michigan that highlighted how seniors buy 15 times more new vehicles than Millennials do. Consumers age 18 to 34 represent less than 13% of new-car buyers.
more boomer stats here...
Facts and Fiction - Resources - 50-Plus, Baby Boomer Marketing: Immersion Active
look the fact of the matter is older people have the money and the motivation to buy new vehicles. Creditworthy Boomers are the buyers, why they all chatter about Millennials?
So, how old are you? 48 here....
I do have a feeling that at the end of the day we will see the GLA in more boomer hands than millennials... 77 million consumers who have concentrated 75% of americas wealth vs 1/3rd millennials who live at home, 62% are employed, 30% of that are part time employees...
Bloomberg recently cited research by the University of Michigan that highlighted how seniors buy 15 times more new vehicles than Millennials do. Consumers age 18 to 34 represent less than 13% of new-car buyers.
more boomer stats here...
Facts and Fiction - Resources - 50-Plus, Baby Boomer Marketing: Immersion Active
look the fact of the matter is older people have the money and the motivation to buy new vehicles. Creditworthy Boomers are the buyers, why they all chatter about Millennials?
So, how old are you? 48 here....