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In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
SYS-CON.TV
Friedman-Swift Associates: Auto Dealership Loyalty Gains Momentum
Positive Customer Experience Drives More Traffic to Showrooms

CINCINNATI, Feb. 13, 2013 /PRNewswire/ -- Nearly two-thirds – 62 percent – of new car buyers visit only the dealership they buy from and no other, according to research released today by Friedman-Swift Associates, an automotive marketing research firm.

"Not only do 62 percent of new car buyers not shop at any other dealership, but 66 percent of new car customers don't even look at other dealers' web sites," notes Jeff Friedman, President and Chief Executive Officer of Friedman-Swift Associates in Cincinnati, Ohio.

Stronger customer loyalty is perhaps the main reason cross-shopping is less frequent these days, notes Friedman. 

"Twenty years ago, location, inventory selection and low prices were the three main reasons buyers chose a dealership," Friedman says. "Location still tops the list, but the second most important factor now is a shopper's previous experience with the store. Positive customer experience attracts more car buyers than either vehicle selection or low prices."

As the most important factor, location accounts for 47 percent of car buyers' decisions to shop a certain dealership. Positive customer experience accounts for 38 percent. Vehicle selection and low prices account for 32 and 29 percent, respectively.  

Friedman-Swift Associates' research is based on 4,471 telephone interviews with new car buyers across the country in 2012.

ABOUT FRIEDMAN-SWIFT ASSOCIATES:  Friedman-Swift Associates is the largest retail automotive research firm in the country, serving over 6,000 automobile dealerships including most number one retailers in each line and most megadealers since 1979. For more information, visit http://friedmanswift.com/, email info@friedmanswift.com or call 513-772-9200.

SOURCE Friedman-Swift Associates

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Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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