Millennials Outpace Boomers in Number of Licensed Drivers
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• 2018, 93.6% 65- to 69-year-olds • 1983, 79.2%
• 2018, 93.3% 70 and older • 1983, 55%
• 2018, 83% Source: Federal Highway Administration data via Sivak Applied Research "Over the last five years, there were 15.4 million new drivers in the U.S., the biggest comparable increase since the 1974-78 period,” when 19.3 million new drivers were on the road, Mike Ward, Benchmark's auto analyst, wrote in the report quoted in . Those were the years that younger boomers were about the same age as younger millennials are today. Because boomers, born between 1946 and 1964, are older and dying at greater rates, demographers expected millennials to become the at some point in 2019.
Millennials Are Learning to Drive in Droves
Automakers are hoping they ll be interested in buying their own cars too
monkeybusinessimages/Getty Images Get instant access to members-only products and hundreds of discounts, a free second membership, and a subscription to AARP the Magazine. The number of licensed drivers of all ages will reach 245 million within the next five years, a 12.5 million increase, Benchmark predicts. That could result in an extra 3 million vehicle sales a year. Older drivers keep licenses As the younger generations delay driving, more members of the boomer and silent generations are retaining their driver's licenses at greater rates than those of the same age 35 years ago. Here are three age 60-plus demographics and their percentage of licensed drivers. 60- to 64-year-olds • 1983, 83.8%• 2018, 93.6% 65- to 69-year-olds • 1983, 79.2%
• 2018, 93.3% 70 and older • 1983, 55%
• 2018, 83% Source: Federal Highway Administration data via Sivak Applied Research "Over the last five years, there were 15.4 million new drivers in the U.S., the biggest comparable increase since the 1974-78 period,” when 19.3 million new drivers were on the road, Mike Ward, Benchmark's auto analyst, wrote in the report quoted in . Those were the years that younger boomers were about the same age as younger millennials are today. Because boomers, born between 1946 and 1964, are older and dying at greater rates, demographers expected millennials to become the at some point in 2019.