How the Auto Industry Turns to Crowdfunding and Social Media to Draw the Young

While automakers and dealers lament that younger buyers have neither money nor brand loyalty when it comes to buying a car, a host of services are looking to the crowd to help them save for what could be the biggest purchase they will make for several years.

Geared toward first-time buyers, these services, like BoostUp, a Detroit-based company that Ms. Frandsen and Mr. Burris used, are trying to turn car-buying into a social experience.

Toyota and Google, for example, are announcing on Wednesday the Toyota Collaborator, a social car shopping tool where potential Corolla buyers can discuss decisions with friends and family in real time using Google Hangouts.

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