Millennials value car ownership, survey reveals

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SINGAPORE (Oct 21): Millennials prefer owning a car over public transportation or ride sharing, a recent survey found.

More surprisingly, more than 80% of Asian millennials surveyed have also shown interest in car ownership, despite traffic concerns common in most cities in this region.

These findings were revealed in the Millennials and Auto Trends Report released by consultancy firm Duff & Phelps on Friday (Oct 18).

Amongst other things, the global survey — which polled 2,150 millennials or people aged between 23 and 38 years old — found concerns of millennials uninterested in car ownership are...(click on link for full story on