
BIGresearch July
Survey: Toyota, Audi, BMW, Ford
and Hyundai Top Brands Car Buyers are Considering
Cash for Clunkers
Buyers Looking at Toyota, Chevrolet and Ford
COLUMBUS, OH -- (MARKET WIRE) – 8/5/09 – Ford is definitely on the upswing
versus a year ago according to the July BIGresearch Consumer Intentions &
Actions (CIA) Survey of over 8,300 participants. Of consumers who say they plan
on buying a new vehicle in the next six months, Ford’s Auto Buyer Index* (ABI)
places it in the top five category. This is a marked improvement over July ’08
when the automaker was in the negative.
Top 5 Automakers
- Auto Buyer Index*
July 09 July 08
Toyota
+1.87 +4.21
Audi +1.81 -1.45
BMW
+1.66 +3.16
Ford +1.55 -4.64
Hyundai +1.26 -0.96
Source: BIGresearch CIA-Jul 09 & Jul 08
*Auto Buyer Index is calculated by subtracting the average percentage of those
planning to buy a new vehicle in the next six months considering a brand 1st
choice or 2nd choice from the current percentage of ownership of the same brand.
A positive number indicates that purchase intentions exceed current ownership. A
negative number indicates current ownership exceeds purchase intentions.
For additional
complimentary data and charts:
http://info.bigresearch.com
As Congress takes up the issue of continuing “Cash for Clunkers,” consumer
interest in the program is apparent. 8.8% of adults 18+ said the program would
motivate them to purchase a new vehicle and 45.5% of all consumers who said they
plan to buy a new auto in the next six months said the program is a key
motivator.
Ford looks to be a main beneficiary of “Cash for Clunkers” as more people
(17.4%) who are motivated to buy a car due to the program are considering a Ford
vehicle.
Make of
Vehicle Considering TOP 5 (1st Choice)
Motivated by “Cash
Adults 18+ Planning to
for Clunkers”& Buy a New Vehicle
Planning to Buy (Excludes “Clunker” Buyers)
Ford (17.4%) Toyota (13.5%)
Toyota (17.1%) Chevrolet (12.9%)
Chevrolet (11.1%) Ford (12.9%)
Audi
(5.8%) Hyundai (5.6%)
Hyundai (5.8%) Honda (5.5%)
Source: BIGresearch CIA-Jul 09
Those motivated
by “Cash for Clunkers” tend to be oriented towards more fuel efficient and cost
effective vehicles favoring cars and hybrids at much higher rate than those
motivated by the program. The “clunker” buyers are also planning on spending
less per car than other car buyers.
Type of
Vehicle Considering (1st Choice)
Motivated by “Cash Adults 18+
for Clunkers”& Planning to
Planning to Buy Buy a New Vehicle
Car
70.9% 63.7%
Truck
11.4% 12.2%
Mini-Van 4.4% 3.8%
SUV
17.3% 20.9%
Cross-Over
16.2% 13.2%
Hybrid
19.1% 12.6%
----------------------------------------------------------------------------------
AVG Price $23,666
$26,345
Source: BIGresearch CIA-Jul 09
About BIGresearch
BIGresearch is a consumer intelligence firm providing analysis of behavior
in areas of products and services, retail, financial services, automotive and
media. BIGresearch conducts the monthly Consumer Intentions and Actions Survey
(CIA) of 8,000+ respondents and the semi-annual Simultaneous Media Survey (SIMM)
of 15,000+ respondents. More information is available at
http://www.bigresearch.com
Contact:
Chrissy Wissinger
BIGresearch
(614) 846-0146
chrissy@bigresearch.com