The whole “bike to work” thing may actually be working.
The number of families with zero cars has increased in the United States for the first time in 50 years, according to research. The researchers say that the decrease is due to factors including lingering impact from the recession and the increasing numbers of people taking public transportation, walking, or biking to work.
According to a story on AOL, other studies have shown that many younger people view cars as a “financial burden.”
Could these trends portend a decline in auto sales and loan volume? Or might families with fewer cars in the garage be better payers?