Aging baby boom seen becoming bust for automakers

Newswire

* Shifting demographics to dampen demand - report * Growth in car-buying population to drop to 50-year low * Industry will become more reliant on replacement sales TORONTO, Feb 26 (Reuters) - Growth in the North American vehicle buying population is set to drop to its slowest pace in 50 years as the baby boom generation retires and cuts down on driving, according to a report by Scotia Economics released on Friday. Boomers, those born between 1945 and 1963, who account for 60 percent ...

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