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New Vehicle Customer Study Reveals Top Sources for Automotive Buying Decisions

Posted on June 4th, 2012 by Dealer in  News   Email This Post Email This Post

Findings point to the importance of human interaction when purchasing a new car

ST. LOUIS – Contrary to the growing belief that social media will soon replace traditional automotive dealerships, a recent Maritz Research New Vehicle Customer Study (NVCS), revealed that the salesperson at the dealership is still the most influential source of information for car buyers. In fact, salespeople were ranked significantly higher in 2011 than in the past five years.

The NVCS, which is the largest automotive study in North America, asked customers what sources of information they found most influential in their buying decisions. The top ten sources in the U.S. were as follows:

1.      Salesperson at the dealership (21.9 percent)

2.      Family/ friend/ word of mouth (18.7 percent)

3.      Consumer guides (18.4 percent)

4.      Dealer’s/ manufacturer’s websites (8.6 percent)

5.      Third-party websites (6.4 percent)

6.      Automotive magazine reviews (6.1 percent)

7.      TV advertisements (4.0 percent)

8.      Dealer’s/ manufacturer’s brochures (3.2 percent)

9.      Dealer/Manufacturer-sponsored event (2.4 percent)

10.  Newspaper advertisements (1.7 percent)

“People buy from people,” said Chris Travell , vice president and strategic consultant for Maritz Research. “Social media can certainly support the selling effort, but I believe it would be a mistake to believe that social media will usurp it.”

Recommendations from family, friends and word of mouth were also ranked statistically higher than in past years, while consumer guides such as Consumer Reports still remain the third most influential source of information.

New Vehicle Customer Study

“What our family and friends say or recommend to us is important,” Travell added. “Every manufacturer needs to have a well-defined social media strategy. However, we still need to remember the importance of human interaction in buying a car.”
Read more about Maritz Research’s New Vehicle Customer Study at www.therideblog.com .

About Maritz Research

As one of the world’s largest marketing research firms, Maritz Research, a unit of Maritz, helps many of today’s most successful companies improve performance through a deep understanding of their customers, employees and channel partners. Founded in 1973, it offers a range of strategic and tactical solutions concentrating primarily in the automotive, financial services, hospitality, technology, telecommunications, and retail industries. The company has achieved ISO 20252 registration, the international symbol of quality. It is a member of CASRO, ESOMAR, MRA, and is the official sponsor of the American Marketing Association.


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