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Posted Tue Sep 18 2012: from CNN Money:
Young Americans ditch the car
America's young people just aren't buying cars like they used to. The share of new cars purchased by those aged 18-34 dropped 30 percent in the last five years, according to the car shopping web site mostly it's the explosion of social media. Car ownership just may not be as socially important as it used to be. "What we used to do in cars, young people are now doing online," said one analyst at a recent oil conference. The ability to meet and interact with people on the Internet is largely replacing the need to hop in a car and cruise down the strip.
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