That’s one of the points behind Chevrolet’s two small-car concepts being shown at the Detroit Auto Show this week. GM knows that striking a chord with the youngest generation of new-car shoppers—the under-30 crowd, or Millennials—is imperative for the brand’s future growth. That age group, of 80 million, represents 40 percent of the potential car-buying public—today—and $1 trillion in purchasing power. And that’s just in the U.S.
GM is serious about making Chevrolet a global small-car brand, yet it needs to study up on what motivates younger drivers, both here and abroad. For starters, driving isn’t thought of as the move toward greater personal independence that it once was; only 30 percent are getting drivers’ licenses right when they’re turning 16. And of older Millennials that are buying cars—even those who could potentially afford a new car—they’re largely staying in the used-car market.
According to John McFarland, GM’s senior manager, global strategic marketing, automakers need to capture the interest that some younger people have in vehicles, and give them back some of the qualities they want, in the form of a product that shows passion and understanding that these buyers won’t find in the used-car market.
“And when we look at this, we don’t really see any brands today that are doing it right,” said McFarland. Apple, Nike, Target, and Facebook all offer their products in a way that stirs passion and involvement from 20-somethings. But the auto industry, he says, “falls between disinterest and complacency.”
2012 Chevrolet Tru 140S Concept
2012 Chevrolet Tru 140S ConceptEnlarge Photo
To start, GM took some of its prospective small-car designs to high-school students and college campuses. Two consistent priorities that emerged were that younger new-car buyers didn’t want hatchbacks, and they didn’t want to be making excuses for the lack of back-seat space, refinement, or connectivity features.
Both of the California-designed concepts at Detroit—the best-received based on GM’s research—are coupes, and both look to evoke some of the passion of the Camaro or Corvette in a small, four-cylinder vehicle that costs just $19k-$24k.
The first concept, called the Tru 140S, was internally called the “affordable exotic,” and follows a design that looks fast and refined—a three-door coupe that’s along the lines of the Hyundai Veloster. “It’s design language is a little more sleek, polished,” said Clay Dean, GM's global design chief.
The second concept, the Code 130R, the team termed “functional muscle,” and has an upright, boxy look that could fit in alongside old E30 BMW 3-Series models and boxy Fiat and Datsun models of decades ago. “It was one of those ideas we threw in thinking no one would understand it, that they’d dismiss it almost right away,” said Dean, explaining that it then emerged as one of the best-received designs.