Ride with the interns

Morgan Stanley’s annual survey of its summer interns in the US, Europe, and the UK reveals sticky preferences with iPhone, Netflix, Youtube, Instagram, Spotify, Nike and UBER continuing to remain favorites among young professionals. In the mobility sector, an interesting trend is appearing, with 39% of interns preferring a hybrid car up from 28% in 2021. Surprisingly, internal combustion engine cars are becoming more popular as well after a dip in 2022. More interns are also planning not to buy a car compared to two years ago. This is in contrast to global sales growth figures for car types with electric vehicles being the fastest growing segment.

Source: Morgan Stanley, August 2023.