They are called the Echo Boom generation and by now represent over 70 million consumers in the United States. This year, the four-million strong segment born in 1990 finished high school and scattered across the nation’s campuses. And every year hereafter, another four million will be hitting the road… literally… in cars provided to them by the most indulgent parental generation in history.
Since bicycles are a pain, especially for cross-country drives, and part of the parental generation’ dream is to cut down on your second job as unpaid taxidrivers, I believe a combination of winter attrition, 16th and 18th birthdays, high school graduations, and college-bound freshmen will kick-start the used-car business in the second quarter of 2009.
Amberger began his career as a freelance contributor to Agora publications before emigrating from Germany to the United States in 1989, when he joined the editorial board of Taipan. In 1991, he took over as managing editor for the publication and assumed responsibility as group publisher four years later. In 2007 Christoph left Taipan and founded TodaysFinancialNews.com along with its premium publications: the highly successful stock Hot Stock Confidential, the options research service TFN Strategic Trader and, most recently, Penny Stock Confidential. In November of 2009, he welcomed Contrarian Profits to the Today's Financial News network.