Survey: Are Cars Still Status Symbols?
In Japan, kids don't want cars any more. Young Japanese men and women are ditching the car as a status symbol, sparking concern for car companies. Richard Florida says the same thing is happening in America. I see it in my own life. I am a child of the car culture. Growing up in New Jersey, older kids used to rebuild their GTOs and Barracudas on our street. The head of domestic sales for Toyota says "Young people's interest is shifting from cars to communication tools like personal computers, mobile phones and services"