GM economist explains why young people aren't buying new cars

Younger consumers have more education debt, higher unemployment and are more inclined to use public transportation.

Mustafa Mohatarem, chief economist with General Motors, gave several reasons why young people are not buying new cars as much as other people during the Center for Automotive Research management seminars in Traverse City, Mich., according to The Plain Dealer in Cleveland, Ohio. Read why young people are not buying cars.

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