Millennials Buying More Cars Than Generation X

For the first time, millennials have zoomed passed their Generation X counterparts when it comes to buying new cars.

Generation Y, those born between 1977 and 1994, bought 26% of new vehicles sold so far this year.

That's according to a new report by J.D. Power and Associates.

Generation X shoppers, those born between 1965 and 1976, accounted for only 24% of sales.

Both groups are still getting lapped by the baby boomers, those born between 1946 and 1964, bought 38% of new cars and trucks sold during the first half of the year.