In 2018, millennials are single-handedly the nation’s largest living generation with ages ranging from 21- 37. Why is this important for dealers and marketers alike? Because, this generation now holds the largest share of the American workforce and has the most spending power of any generation – ever! This year alone, millennials are projected to have a spending power of $3.39 trillion, providing dealers with endless opportunities to win big with this generation.
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Breaking down stereotypes
This tech-savvy generation of social media gurus has developed a strong reputation for being constantly glued to their smartphones, only consuming digital and social media. However, that’s hardly the case. Millennials are unique in that they find novelty in what’s considered ‘old-fashioned’- bringing mustaches, vinyl records, Polaroid cameras, and vintage clothing back into the fold of what’s considered trendy. Along with this taste for ‘old-school’ novelties, millennials are readily consuming direct mail.
Not convinced? Let’s take a closer look at millennial direct mail consumption:
Concluding Tips to Appeal to Millennials