25 March 2025
There is plenty of news at the moment about the automotive industry as a whole struggling. With rising prices across the board, from purchasing to learning to drive, as well as greater focus on other forms of personal mobility, it’s widely reported that young people simply aren’t interested in cars.
But what about the classic vehicle industry? Although part of the automotive sector, the industry plays by its own rules to a degree; mainly because classic vehicles are considered a hobby to many, rather than an essential means of transport.
Differing trends
Repeated reports indicate that the number of young drivers – those in Generation Z – learning to drive is falling. Compared to 35 years ago, half as many 17-20 year olds hold a full driver’s licence.
Whether this is because of rising lesson costs, improved urban mobility systems, a lack of interest in driving, or a blend of all the above, one thing is clear; driving is not as ‘crucial’ to the younger generation as it was to previous ones. Which, for those who are interested in cars, seems bizarre; but the facts don’t lie.
It’s not quite as open and shut as that however. As reports show that as many as half of those Gen Z’ers would consider owning a classic vehicle. That’s higher than the 35 per cent of Millennials – the generation above.