The change in the automotive, and more broadly, the transportation segment since then has been nothing short of amazing. In response to the changes, we’ve released our 2019 Auto Purchase Trends Report which takes a closer look at vehicle purchases, purchase preferences, and the impact of technology on the industry.Our goal is to empower marketers with actionable insights that:
# Debunk the myth that vehicle ownership is declining
# Prove that in-person vehicle shopping is still sought after
# Explore the tipping point for alternative fuel vehicles
# Distill the impact of ride-sharing and micro-mobility (electric scooters) on driving habits
# Analyze consumers’ comfort levels with autonomous vehicle technologies
CARPROOF research has identified two paths used vehicle buyers take: Car-hunters, who search online for their ideal vehicle first before considering dealerships, and Dealer-deciders, who get recommendations from friends/family on dealerships and then shop those lots. 60% are Car-hunters who rely heavily on comprehensive online listings, while 40% are Dealer-deciders who prioritize a dealer's reputation. To succeed, dealers need quality online listings to attract Car-hunters and provide excellent customer service to build their reputation and attract future Dealer-deciders.
The Future of Mobility: How We Connect to Our Cars by MRYDavid Berkowitz
MRY released new research in 2014 featuring first-party surveys and social listening to determine what people want out of connected cars, how their decision journey works when purchasing them, and how people value cars versus their smartphones.
How Automotive Brand Affects Used Vehicles Prices.
Brand perception plays an important role in used
vehicle demand as well. Used vehicles from brands
with an established history of successfully meeting
buyers’ most critical needs usually sell for more
than the competition. This consistent ability to
satisfy core purchase drivers gives stronger brands
an innate advantage in cost-of-ownership and
residual value. To better explain this cause and
effect, this report explores the brand characteristics
that drive auto purchase behavior, and their impact
on used vehicle prices.
The document summarizes the findings of a study on automotive brand loyalty in Canada. It identifies the key drivers of brand loyalty as functional elements (40%), emotional connection (31%), brand personality (17%), and needs fulfillment (12%). For functional elements, quality, performance, value, and technology/innovation are most influential. Emotionally, confidence, lack of anger, pride, and happiness drive loyalty. Trustworthy, honest, innovative, and leader personality traits also influence loyalty. Providing confidence in the future, fun, self-identity, and respect fulfills customer needs and boosts loyalty. The study reveals opportunities for brands to improve emotional, personality and needs fulfillment factors to increase their strength relative to competitors
Wholesale and retail used vehicle prices have changed dramatically in recent years. Retail premiums, which represent the spread between wholesale and retail prices, provide insight into dealer profitability. This document analyzes retail premium trends between 2005-2015 using wholesale and retail transaction data. The key findings are:
1) Retail premiums fluctuated between 33-41% during this period, generally narrowing as wholesale prices increased more than retail prices.
2) Premiums decreased the most for mainstream vehicles like compacts and midsize cars, falling by up to 15 percentage points.
3) Premiums vary seasonally, with the smallest gap in Q1 and largest in Q4, though this seasonal effect has les
The document discusses the growing demand from customers to purchase new vehicles completely online. A survey found that 72% of customers are willing to buy a new car online. However, automakers have been slow to implement online sales and most current initiatives do not meet customer expectations. Customers expect benefits like convenience, time savings, price transparency, and the ability to compare vehicles and negotiate online. While automakers face challenges in developing new online sales models, the document argues that responding to rising customer demand for online purchasing will be crucial for automakers to remain competitive as business models continue to evolve in the industry.
Travelers road-to-decision-affluent-insights research-studiesDavid Mora
1) Affluent travelers rely heavily on digital sources for travel inspiration, research, and booking, moving across devices throughout the travel process.
2) Affluents continue to comparison shop extensively, especially for hotels, and are increasingly interested in alternatives to traditional accommodations and transportation.
3) While brand websites, search engines, and online travel agencies remain the most important online sources for planning, affluents also turn to user reviews and are increasingly inspired by social media and online videos.
Driving Through The Consumer’s Mind: Steps In The Buying Processaditya848
1. The document analyzes the car buying process for consumers in India based on a survey of over 1,500 car owners.
2. It finds that consumers do extensive research, spending over 10 hours on average researching options online and through word-of-mouth. Price and features are primary considerations in the initial research phase.
3. While dealerships and test drives play a role in validating information, consumers prefer the research process to take less than an hour at the dealership.
4. Interestingly, many consumers recommend car brands to others despite not purchasing that brand themselves, indicating the importance of consumer endorsements.
CARPROOF research has identified two paths used vehicle buyers take: Car-hunters, who search online for their ideal vehicle first before considering dealerships, and Dealer-deciders, who get recommendations from friends/family on dealerships and then shop those lots. 60% are Car-hunters who rely heavily on comprehensive online listings, while 40% are Dealer-deciders who prioritize a dealer's reputation. To succeed, dealers need quality online listings to attract Car-hunters and provide excellent customer service to build their reputation and attract future Dealer-deciders.
The Future of Mobility: How We Connect to Our Cars by MRYDavid Berkowitz
MRY released new research in 2014 featuring first-party surveys and social listening to determine what people want out of connected cars, how their decision journey works when purchasing them, and how people value cars versus their smartphones.
How Automotive Brand Affects Used Vehicles Prices.
Brand perception plays an important role in used
vehicle demand as well. Used vehicles from brands
with an established history of successfully meeting
buyers’ most critical needs usually sell for more
than the competition. This consistent ability to
satisfy core purchase drivers gives stronger brands
an innate advantage in cost-of-ownership and
residual value. To better explain this cause and
effect, this report explores the brand characteristics
that drive auto purchase behavior, and their impact
on used vehicle prices.
The document summarizes the findings of a study on automotive brand loyalty in Canada. It identifies the key drivers of brand loyalty as functional elements (40%), emotional connection (31%), brand personality (17%), and needs fulfillment (12%). For functional elements, quality, performance, value, and technology/innovation are most influential. Emotionally, confidence, lack of anger, pride, and happiness drive loyalty. Trustworthy, honest, innovative, and leader personality traits also influence loyalty. Providing confidence in the future, fun, self-identity, and respect fulfills customer needs and boosts loyalty. The study reveals opportunities for brands to improve emotional, personality and needs fulfillment factors to increase their strength relative to competitors
Wholesale and retail used vehicle prices have changed dramatically in recent years. Retail premiums, which represent the spread between wholesale and retail prices, provide insight into dealer profitability. This document analyzes retail premium trends between 2005-2015 using wholesale and retail transaction data. The key findings are:
1) Retail premiums fluctuated between 33-41% during this period, generally narrowing as wholesale prices increased more than retail prices.
2) Premiums decreased the most for mainstream vehicles like compacts and midsize cars, falling by up to 15 percentage points.
3) Premiums vary seasonally, with the smallest gap in Q1 and largest in Q4, though this seasonal effect has les
The document discusses the growing demand from customers to purchase new vehicles completely online. A survey found that 72% of customers are willing to buy a new car online. However, automakers have been slow to implement online sales and most current initiatives do not meet customer expectations. Customers expect benefits like convenience, time savings, price transparency, and the ability to compare vehicles and negotiate online. While automakers face challenges in developing new online sales models, the document argues that responding to rising customer demand for online purchasing will be crucial for automakers to remain competitive as business models continue to evolve in the industry.
Travelers road-to-decision-affluent-insights research-studiesDavid Mora
1) Affluent travelers rely heavily on digital sources for travel inspiration, research, and booking, moving across devices throughout the travel process.
2) Affluents continue to comparison shop extensively, especially for hotels, and are increasingly interested in alternatives to traditional accommodations and transportation.
3) While brand websites, search engines, and online travel agencies remain the most important online sources for planning, affluents also turn to user reviews and are increasingly inspired by social media and online videos.
Driving Through The Consumer’s Mind: Steps In The Buying Processaditya848
1. The document analyzes the car buying process for consumers in India based on a survey of over 1,500 car owners.
2. It finds that consumers do extensive research, spending over 10 hours on average researching options online and through word-of-mouth. Price and features are primary considerations in the initial research phase.
3. While dealerships and test drives play a role in validating information, consumers prefer the research process to take less than an hour at the dealership.
4. Interestingly, many consumers recommend car brands to others despite not purchasing that brand themselves, indicating the importance of consumer endorsements.
This document discusses building trust between car buyers and dealers through new technologies. It notes that people spend a lot of time researching cars online and find the car buying process stressful. While dealers are still seen as knowledgeable, nearly half of buyers feel they may not get a good deal. The hypothesis is that technology could be used to deliver helpful content throughout the car buying process in a way that reduces stress and builds trust between buyers and dealers.
How Digital drives auto shopping | Google Think InsightHouseLead Italia
This document summarizes findings from a study on how digital technology drives auto research and purchasing decisions. The study found that today's auto shoppers are open-minded, researching more sources than ever including 24 on average, and increasingly using mobile devices. Video influences brand discovery and consideration, with online video being the top format for encouraging consideration. Dealer interactions and ownership experiences also greatly impact future purchase decisions.
Auto shoppers are open to influences. Today’s auto intenders are open-minded with 72% of search sessions involving cross-shopping. In-market shoppers are researching more than ever. While time in-market is roughly the same, these shoppers are turning to 24 research touch points on average. Connected devices are driving greater research activity. Mobile usage has increased 35% year over year, with a focus on research and comparison activities. Video influences auto brand discovery and consideration. Video research is on the rise and online video was the #1 format for encouraging brand consideration. Dealer interaction and post-purchase experiences matter. 62% of the vehicle owners said customer service could influence future purchases.
Connected consumers are driving changes in the automotive industry. They demand constant access to information from multiple sources, including online reviews and social media. Many are open to new purchasing options like buying cars online or using alternatives to ownership. As consumers become more familiar with connected vehicle technologies, their interest is growing in cars that enable services like safety, maintenance and customer care features. OEMs and dealers must adapt to meet these informed, engaged consumers throughout the entire purchasing and ownership experience.
Generation Connected car shoppers want information everywhere and all the time. Nearly all consumers now use the internet to research vehicles, though dealers are still cited as the most important information source by many. Shoppers utilize a variety of online sources like manufacturer and dealer websites, search engines, and social media. Positive reviews and recommendations on social media increasingly influence purchase decisions, with over 70% of consumers saying they are more likely to buy a specific brand if they find favorable social media comments. OEMs and dealers must meet shoppers' need for information across multiple online and physical touchpoints.
Connected consumers are driving changes in the automotive industry. They demand constant access to information from multiple sources, including online reviews and social media. Many are open to new purchasing options like buying cars online or using alternatives to ownership. As consumers become more familiar with connected vehicle technologies, their interest is growing in cars that enable services like safety, maintenance and customer care features. OEMs and dealers must adapt to meet the expectations of these always-connected shoppers by providing information across multiple channels and being responsive to their preferences for flexibility and connectivity throughout the car buying and ownership experience.
Connected consumers are in charge. They are confident about what they want and how they want it, secure in using technology to increase their power as car shoppers and owners, and comfortable driving innovation in the industry
The document is a survey commissioned by Zipcar that examines attitudes of millennials (ages 18-34) around transportation and car ownership compared to older generations. Some key findings:
- Millennials value experiences over possessions similarly to older groups, though 71% think their American Dream definition differs from parents'
- Top American Dream elements for millennials are experiences (29%) and meaningful jobs (23%) rather than homes or possessions
- 53% of millennials say high car costs make ownership difficult compared to 29% of those 55+
- Millennials are more likely than older groups to reduce driving, take transportation apps/public transit, and socialize online instead of driving to see friends
Digital Reroutes The Auto Purchase JourneyStradablog
This document discusses how digital technologies have transformed the automobile purchase journey. It finds that 50-70% of car buyers now choose the make and model before visiting a dealership, with 40-50% making their choice based on online information. The main purpose of dealership visits is now to experience the vehicle in person. OEMs need to adapt by using digital channels more effectively to engage consumers earlier in the purchase process. They also need to rethink strategies around brand engagement, distribution, marketing, and measuring sales performance to better address how digital is changing consumer behavior and expectations.
The car industry : Which nations are more inclined to purchasing a car online Sumit Roy
This document summarizes the key findings of an annual automotive study conducted in 8 countries. Some of the main findings include:
1) The vehicle buying cycle is shrinking significantly, with over half of consumers starting research within 2 months of purchase.
2) The sources of information used varies widely by country, requiring localized marketing approaches.
3) Consumers want both qualitative and quantitative vehicle information in one online location.
4) Consumers in developing markets like China and India have very exacting needs and expectations.
The consumer experiences confusion and uncertainty in the early "Landscape" stage of purchasing a new vehicle. They seek to understand the wide range of options available in the current market. Multiple sources of information are used to research vehicles and determine criteria for their next purchase. Independent review websites are especially influential for helping consumers make sense of their options and start defining their needs.
The document analyzes car sharing options and their viability in four cities. It examines the percentage of drivers in different categories based on miles and time spent driving. It then studies the four cities - Poughkeepsie, NY; Richmond, VA; Riverside, CA; Knoxville, TN - ranking their crime rates and determining which car sharing model each city is best suited for, such as round trip, one-way stations, or fractional ownership. Advances in self-driving cars and renewable energy are predicted to increase car sharing participation and lower crime rates through new technology.
The document discusses research objectives for a study on the role and influence of motoring magazines in the car purchasing journey. The research aims to:
1) Examine consumers' car purchasing process and how influencers like media sources impact their choices over time.
2) Explore what media consumers use when buying a car and how magazines specifically fit into their decision process.
3) Investigate the role that magazine advertising plays compared to editorial content and what value readers attribute to ads.
The proposed methodology includes online surveys, neuroscience measures, in-depth interviews and experimental tasks to understand how exposure to different media like magazines impacts consumers' brand preferences and consideration sets at various stages of their car buying process.
This document summarizes the key findings of an NPR listener survey about vehicle purchasing behaviors:
- 39% of NPR listeners said they will likely purchase a new vehicle within the next year.
- 45% currently own vehicles worth $25,000 or more when new.
- 81% would consider a hybrid and 58% an ethanol vehicle for their next purchase.
- Important factors are quality, safety, price, fuel efficiency and reputation.
- Side airbags, active fuel management, stability control and all-wheel drive are very important features.
Microsoft advertising insights consumer journey auto buyers infographicPhoneTrack
The document outlines the typical consumer journey when purchasing a new car, which involves 5 key stages: open to possibility, worldview, evaluating, shopping, and experiencing. It notes that digital plays a critical role throughout the journey, with consumers using online resources like manufacturer websites, reviews, videos, and mobile apps to research options and complete the purchase. The summary also highlights that marketers should understand consumer needs at each stage, leverage lifestyle content to help consumers establish preferences, and provide a seamless digital experience across all stages of car research and ownership.
Part One of a Mint series, in partnership with Google, that look at how consumers use the web before purchases. This presentation looks at prospective car buyers.
- Vehicle shoppers form an initial consideration set of brands before actively shopping, influenced by past experiences and exposures.
- Most shoppers discover or switch to the brand they ultimately buy while actively shopping in-market, with digital tools becoming the primary research sources.
- Shoppers open to multiple brands are younger, more affluent, and more likely to switch brands. They extensively research across digital screens including mobile/tablet.
- Reaching these open-minded in-market shoppers involves video and multi-screen experiences to drive consideration of brands across the path to purchase.
Our future as drivers…motoring in the future - October 2017Ipsos UK
This document discusses attitudes towards emerging vehicle technologies in the UK based on a survey conducted by Ipsos MORI. It finds that while most people have a positive view of technology generally and are interested in connected and automated vehicle features, price is still the main factor in vehicle purchase decisions. There is also concern about fully automated vehicles reducing the role of the driver. Younger generations and urban residents are more open to autonomous driving compared to older and rural populations. The document suggests that widespread adoption of new technologies will require psychological adjustments and changes to driving tests to reflect emerging vehicle capabilities.
Drivers for Digital Growth: Google, Hamel SoniAdthena
Google AUTO
Hamel Soni, Automotive Industry Head, Google
Presented at Drivers for Digital Growth, an automotive summit co-hosted by Adthena and Jellyfish
Financial curveballs sent many American families reeling in 2023. Household budgets were squeezed by rising interest rates, surging prices on everyday goods, and a stagnating housing market. Consumers were feeling strapped. That sentiment, however, appears to be waning. The question is, to what extent?
To take the pulse of consumers’ feelings about their financial well-being ahead of a highly anticipated election, ThinkNow conducted a nationally representative quantitative survey. The survey highlights consumers’ hopes and anxieties as we move into 2024. Let's unpack the key findings to gain insights about where we stand.
ThinkNow recently conducted a nationally representative quantitative survey revealing insights into what Americans buy and spend for the holidays. From shopping habits to spending patterns, let's delve into the top five trends shaping the 2023 holiday shopping season.
More Related Content
Similar to The Future of Vehicle Ownership Report 2019
This document discusses building trust between car buyers and dealers through new technologies. It notes that people spend a lot of time researching cars online and find the car buying process stressful. While dealers are still seen as knowledgeable, nearly half of buyers feel they may not get a good deal. The hypothesis is that technology could be used to deliver helpful content throughout the car buying process in a way that reduces stress and builds trust between buyers and dealers.
How Digital drives auto shopping | Google Think InsightHouseLead Italia
This document summarizes findings from a study on how digital technology drives auto research and purchasing decisions. The study found that today's auto shoppers are open-minded, researching more sources than ever including 24 on average, and increasingly using mobile devices. Video influences brand discovery and consideration, with online video being the top format for encouraging consideration. Dealer interactions and ownership experiences also greatly impact future purchase decisions.
Auto shoppers are open to influences. Today’s auto intenders are open-minded with 72% of search sessions involving cross-shopping. In-market shoppers are researching more than ever. While time in-market is roughly the same, these shoppers are turning to 24 research touch points on average. Connected devices are driving greater research activity. Mobile usage has increased 35% year over year, with a focus on research and comparison activities. Video influences auto brand discovery and consideration. Video research is on the rise and online video was the #1 format for encouraging brand consideration. Dealer interaction and post-purchase experiences matter. 62% of the vehicle owners said customer service could influence future purchases.
Connected consumers are driving changes in the automotive industry. They demand constant access to information from multiple sources, including online reviews and social media. Many are open to new purchasing options like buying cars online or using alternatives to ownership. As consumers become more familiar with connected vehicle technologies, their interest is growing in cars that enable services like safety, maintenance and customer care features. OEMs and dealers must adapt to meet these informed, engaged consumers throughout the entire purchasing and ownership experience.
Generation Connected car shoppers want information everywhere and all the time. Nearly all consumers now use the internet to research vehicles, though dealers are still cited as the most important information source by many. Shoppers utilize a variety of online sources like manufacturer and dealer websites, search engines, and social media. Positive reviews and recommendations on social media increasingly influence purchase decisions, with over 70% of consumers saying they are more likely to buy a specific brand if they find favorable social media comments. OEMs and dealers must meet shoppers' need for information across multiple online and physical touchpoints.
Connected consumers are driving changes in the automotive industry. They demand constant access to information from multiple sources, including online reviews and social media. Many are open to new purchasing options like buying cars online or using alternatives to ownership. As consumers become more familiar with connected vehicle technologies, their interest is growing in cars that enable services like safety, maintenance and customer care features. OEMs and dealers must adapt to meet the expectations of these always-connected shoppers by providing information across multiple channels and being responsive to their preferences for flexibility and connectivity throughout the car buying and ownership experience.
Connected consumers are in charge. They are confident about what they want and how they want it, secure in using technology to increase their power as car shoppers and owners, and comfortable driving innovation in the industry
The document is a survey commissioned by Zipcar that examines attitudes of millennials (ages 18-34) around transportation and car ownership compared to older generations. Some key findings:
- Millennials value experiences over possessions similarly to older groups, though 71% think their American Dream definition differs from parents'
- Top American Dream elements for millennials are experiences (29%) and meaningful jobs (23%) rather than homes or possessions
- 53% of millennials say high car costs make ownership difficult compared to 29% of those 55+
- Millennials are more likely than older groups to reduce driving, take transportation apps/public transit, and socialize online instead of driving to see friends
Digital Reroutes The Auto Purchase JourneyStradablog
This document discusses how digital technologies have transformed the automobile purchase journey. It finds that 50-70% of car buyers now choose the make and model before visiting a dealership, with 40-50% making their choice based on online information. The main purpose of dealership visits is now to experience the vehicle in person. OEMs need to adapt by using digital channels more effectively to engage consumers earlier in the purchase process. They also need to rethink strategies around brand engagement, distribution, marketing, and measuring sales performance to better address how digital is changing consumer behavior and expectations.
The car industry : Which nations are more inclined to purchasing a car online Sumit Roy
This document summarizes the key findings of an annual automotive study conducted in 8 countries. Some of the main findings include:
1) The vehicle buying cycle is shrinking significantly, with over half of consumers starting research within 2 months of purchase.
2) The sources of information used varies widely by country, requiring localized marketing approaches.
3) Consumers want both qualitative and quantitative vehicle information in one online location.
4) Consumers in developing markets like China and India have very exacting needs and expectations.
The consumer experiences confusion and uncertainty in the early "Landscape" stage of purchasing a new vehicle. They seek to understand the wide range of options available in the current market. Multiple sources of information are used to research vehicles and determine criteria for their next purchase. Independent review websites are especially influential for helping consumers make sense of their options and start defining their needs.
The document analyzes car sharing options and their viability in four cities. It examines the percentage of drivers in different categories based on miles and time spent driving. It then studies the four cities - Poughkeepsie, NY; Richmond, VA; Riverside, CA; Knoxville, TN - ranking their crime rates and determining which car sharing model each city is best suited for, such as round trip, one-way stations, or fractional ownership. Advances in self-driving cars and renewable energy are predicted to increase car sharing participation and lower crime rates through new technology.
The document discusses research objectives for a study on the role and influence of motoring magazines in the car purchasing journey. The research aims to:
1) Examine consumers' car purchasing process and how influencers like media sources impact their choices over time.
2) Explore what media consumers use when buying a car and how magazines specifically fit into their decision process.
3) Investigate the role that magazine advertising plays compared to editorial content and what value readers attribute to ads.
The proposed methodology includes online surveys, neuroscience measures, in-depth interviews and experimental tasks to understand how exposure to different media like magazines impacts consumers' brand preferences and consideration sets at various stages of their car buying process.
This document summarizes the key findings of an NPR listener survey about vehicle purchasing behaviors:
- 39% of NPR listeners said they will likely purchase a new vehicle within the next year.
- 45% currently own vehicles worth $25,000 or more when new.
- 81% would consider a hybrid and 58% an ethanol vehicle for their next purchase.
- Important factors are quality, safety, price, fuel efficiency and reputation.
- Side airbags, active fuel management, stability control and all-wheel drive are very important features.
Microsoft advertising insights consumer journey auto buyers infographicPhoneTrack
The document outlines the typical consumer journey when purchasing a new car, which involves 5 key stages: open to possibility, worldview, evaluating, shopping, and experiencing. It notes that digital plays a critical role throughout the journey, with consumers using online resources like manufacturer websites, reviews, videos, and mobile apps to research options and complete the purchase. The summary also highlights that marketers should understand consumer needs at each stage, leverage lifestyle content to help consumers establish preferences, and provide a seamless digital experience across all stages of car research and ownership.
Part One of a Mint series, in partnership with Google, that look at how consumers use the web before purchases. This presentation looks at prospective car buyers.
- Vehicle shoppers form an initial consideration set of brands before actively shopping, influenced by past experiences and exposures.
- Most shoppers discover or switch to the brand they ultimately buy while actively shopping in-market, with digital tools becoming the primary research sources.
- Shoppers open to multiple brands are younger, more affluent, and more likely to switch brands. They extensively research across digital screens including mobile/tablet.
- Reaching these open-minded in-market shoppers involves video and multi-screen experiences to drive consideration of brands across the path to purchase.
Our future as drivers…motoring in the future - October 2017Ipsos UK
This document discusses attitudes towards emerging vehicle technologies in the UK based on a survey conducted by Ipsos MORI. It finds that while most people have a positive view of technology generally and are interested in connected and automated vehicle features, price is still the main factor in vehicle purchase decisions. There is also concern about fully automated vehicles reducing the role of the driver. Younger generations and urban residents are more open to autonomous driving compared to older and rural populations. The document suggests that widespread adoption of new technologies will require psychological adjustments and changes to driving tests to reflect emerging vehicle capabilities.
Drivers for Digital Growth: Google, Hamel SoniAdthena
Google AUTO
Hamel Soni, Automotive Industry Head, Google
Presented at Drivers for Digital Growth, an automotive summit co-hosted by Adthena and Jellyfish
Similar to The Future of Vehicle Ownership Report 2019 (20)
Financial curveballs sent many American families reeling in 2023. Household budgets were squeezed by rising interest rates, surging prices on everyday goods, and a stagnating housing market. Consumers were feeling strapped. That sentiment, however, appears to be waning. The question is, to what extent?
To take the pulse of consumers’ feelings about their financial well-being ahead of a highly anticipated election, ThinkNow conducted a nationally representative quantitative survey. The survey highlights consumers’ hopes and anxieties as we move into 2024. Let's unpack the key findings to gain insights about where we stand.
ThinkNow recently conducted a nationally representative quantitative survey revealing insights into what Americans buy and spend for the holidays. From shopping habits to spending patterns, let's delve into the top five trends shaping the 2023 holiday shopping season.
How Race, Age and Gender Shape Attitudes Towards Mental HealthThinkNow
Mental health has been in the news quite a bit lately. Dozens of U.S. states are currently suing Meta for contributing to the youth mental health crisis by inserting addictive features into their products, while the U.S. Surgeon General is touring the nation to bring awareness to the growing epidemic of loneliness and isolation. The country has endured periods of low national morale, such as in the 1970s when high inflation and the energy crisis worsened public sentiment following the Vietnam War. The current mood, however, feels different. Gallup recently reported that national mental health is at an all-time low, with few bright spots to lift spirits.
To better understand how Americans are feeling and their attitudes towards mental health in general, ThinkNow conducted a nationally representative quantitative survey of 1,500 respondents and found some interesting differences among ethnic, age and gender groups.
Technology
For example, 52% agree that technology and social media have a negative impact on mental health, but when broken out by race, 61% of Whites felt technology had a negative effect, and only 48% of Hispanics thought it did.
While technology has helped us keep in touch with friends and family in faraway places, it appears to have degraded our ability to connect in person. Staying connected online is a double-edged sword since the same news feed that brings us pictures of the grandkids and fluffy kittens also feeds us news about the wars in Israel and Ukraine, the dysfunction in Washington, the latest mass shooting and the climate crisis.
Hispanics may have a built-in defense against the isolation technology breeds, owing to their large, multigenerational households, strong social support systems, and tendency to use social media to stay connected with relatives abroad.
Age and Gender
When asked how individuals rate their mental health, men rate it higher than women by 11 percentage points, and Baby Boomers rank it highest at 83%, saying it’s good or excellent vs. 57% of Gen Z saying the same.
Gen Z spends the most amount of time on social media, so the notion that social media negatively affects mental health appears to be correlated. Unfortunately, Gen Z is also the generation that’s least comfortable discussing mental health concerns with healthcare professionals. Only 40% of them state they’re comfortable discussing their issues with a professional compared to 60% of Millennials and 65% of Boomers.
Race Affects Attitudes
As seen in previous research conducted by ThinkNow, Asian Americans lag other groups when it comes to awareness of mental health issues. Twenty-four percent of Asian Americans believe that having a mental health issue is a sign of weakness compared to the 16% average for all groups. Asians are also considerably less likely to be aware of mental health services in their communities (42% vs. 55%) and most likely to seek out information on social media (51% vs. 35%).
The beauty industry has transformed in recent years driven by consumer demands for products that align with their cultural values and personal beliefs. While the top cosmetic brands continue to be L’Oreal and Estee Lauder, they are being challenged by younger, edgier brands like Selena Gomez’s Rare Beauty, Rihanna’s Fenty and e.l.f. Cosmetics. Consumer opinion, however, is not homogeneous. There are significant differences in preferences based on ethnicity, age, income and gender. ThinkNow uncovered some of those differences in our recent Inclusive Beauty Report based on a nationally representative online survey of 2,800 respondents.
Black Consumer Project Wave 4 - Media + EntertainmentThinkNow
Black Consumer Project is an in-depth multi-wave study of the economic and cultural contributions of Black Americans. This community has more buying power than ever, and our goal is to uncover the unique perspectives, behaviors, and preferences of Black and African American consumers.
The fourth wave of the Black Consumer Project explores explores media consumption, behaviors and the power of creators.
Black Consumer Project Wave 3 - Health + WellnessThinkNow
Black Consumer Project is an in-depth multi-wave study of the economic and cultural contributions of Black Americans. This community has more buying power than ever, and our goal is to uncover the unique perspectives, behaviors, and preferences of Black and African American consumers.
The third wave of the Black Consumer Project explores the intersections of health, wellness and lifestyle from a mindset and behavioral lens.
Black Consumer Project Wave 2 - Finance + BankingThinkNow
Black Consumer Project is an in-depth multi-wave study of the economic and cultural contributions of Black Americans. This community has more buying power than ever, and our goal is to uncover the unique perspectives, behaviors, and preferences of Black and African American consumers.
The second wave of the Black Consumer Project explores banking behaviors, financial perceptions and aspirations for the future.
Black Consumer Project Wave 1 - Identity + ValuesThinkNow
This document provides a summary of key findings from a survey of Black consumers in the United States. Some of the main findings include:
- There is no universally preferred label for Black identity, though "Black American" emerged as one of the top three preferred names.
- Black Americans are more likely than non-Blacks to believe that their race/heritage defines who they are.
- While family and faith are top values for all Americans, Black Americans more highly rank personal growth as a driving value.
- Around 57% of Black Americans believe in the American Dream, though rates vary by age, geography, and nativity.
- Black Americans define success more in terms of maintaining personal and financial health rather
We surveyed a nationally representative sample of LGBTQ+ Americans on their views of the current social climate, corporate support for LGBTQ+ causes, personal pronouns, and mental health care.
Our report findings highlight the persistent challenges faced by the LGBTQ+ community and emphasize the role that acceptance, advocacy and allyship play in fostering their well-being and advancement.
The earth isn’t having a good 21st century. In terms of environmental health, the planet is deteriorating across all metrics, and most governments worldwide have failed to address this issue adequately. Politicians may be more willing to push for substantive policies on issues like climate change if they feel their constituents would support them, but they need the data. So, to commemorate Earth Day and Arbor Day, ThinkNow conducted a nationally representative quantitative consumer research study to identify sustainability policies that Americans support and to highlight their views on environmental concerns.
How America Celebrates Holidays & Traditions: Black AmericansThinkNow
Celebrations are positive ways for communities to connect and families to bond. How we celebrate differs by ethnicity, values, traditions, and even geography. In honor of Black History Month, ThinkNow conducted a national study of U.S. adults to understand Black Americans’ attitudes and behaviors toward holiday celebrations and traditions and how they compare to other demographic groups. This report is one in a series of reports examining how Americans celebrate popular holidays throughout the calendar year.
ThinkNow teamed up with Venci Group to create The Digital Media Buyer's Guide to Zero-Party Data – a complete guide for advertisers who want to get the most out of their campaigns using zero-party data. Inside our guidebook, you will:
# Understand why zero-party data is different
# Get a refresher on the different types of data
# Learn why ZPD has become so effective when targeting multicultural audiences
America is at a critical crossroads regarding guns. With growing gun violence being normalized in American culture, we felt as researchers and communicators that we needed to understand the hard facts.
How do gun owners feel about gun control? How about Republican voters? Are there gun control measures that Republicans, Democrats, and Independents would all support?
In a collaborative research project, Team Friday and ThinkNow asked 1,200 Americans their opinions and attitudes toward gun laws.
In a time when U.S. viewership of international sporting events like the Olympics is declining, more attention will be placed on the expanding World Cup audience. Americans will be tuning in, or more precisely, logging on. Brands that care about staying relevant need to be there with them.
ThinkNow conducted a nationwide online survey of U.S. adults to understand how people will be engaging with the 2022 World Cup.
Multicultural consumers are often motivated by a desire to represent their culture in how they identify their race and ethnicity. In 2020, ThinkNow conducted a nationwide online survey among Hispanics, African Americans, and Asian Americans ages 18 to 64 to understand how they prefer to identify themselves among peers and in marketing and media. This year, we conducted a follow-up study in which we found that the needle hadn’t moved much, with a few exceptions.
ThinkNow partnered with Klick Health to address the insight gaps in healthcare marketing geared toward Hispanic communities. To honor the nuances of Hispanic health within the community versus continuing to center the non-Hispanic experience as the baseline for analysis, we looked at the intricacies of Hispanic health attitudes and behaviors through Hispanic identity, age and acculturation, and gender and sexuality.
ThinkNow Diversity & Inclusion: Brands and Consumer Purchase Intent ReportThinkNow
America’s youth, the first multicultural majority generation in U.S. history, is growing rapidly, adding over 2.3 million consumers (about twice the population of New Hampshire) to the population each year, making them a significant force to be reckoned with. These "mini-millennials” challenge brands to address societal stereotypes, particularly around gender identity, and use their influence to support or disapprove of brands’ diversity and inclusion efforts.
In our first report on diversity and inclusion last year, we analyzed consumer reactions to companies' public declarations of support for social justice in 2020. In our latest wave of ThinkNow Diversity & Inclusion: Brands and Consumer Purchase Intent, we find differences in perceptions and expectations among key demographic groups compared to last year’s report.
ThinkNow Web 3.0 Cryptocurrency Report 2022ThinkNow
Mobile apps like Apple Pay have made online and offline purchases more convenient for consumers, liberating them from having to pull out their wallets, credit cards, and wads of dollar bills and loose change. But the innovations of Web 2.0 are in the rearview, as consumers explore Web 3.0 where digital currency is just a fraction of what the virtual experience has to offer.
For enthusiasts, Web 3.0, or Web3, is a way of democratizing the internet, shifting power away from the behemoths dominating search, sales, and social and giving it back to consumers. The blockchain has made bitcoin, non-fungible tokens (NFTs), and other forms of cryptocurrency ubiquitous among devotees, and the metaverse has become a virtual utopia for consumers and brands.
In our second look at cryptocurrency, ThinkNow conducted a nationwide online survey of adults ages 18 to 64 to understand their familiarity, usage, and interest in cryptocurrency and other Web3 technologies.
Two years ago, the global shutdown sent the economy reeling, and many Americans, especially lower-income households, experienced a seismic shift in their financial security. Consumers reported worsening personal finances and a feeling that the economy was weakening. Their outlook for 2021 was equally as dim, with fewer Americans feeling optimistic about improvements in personal finances for the coming year. Uncertainty about the pandemic, unemployment, and higher prices threatened to thwart the comeback story of the American consumer. But with the mass distribution of COVID-19 vaccines, better protocols and treatments, and the distribution of trillions of dollars in federal stimulus, consumer sentiment has returned to pre-pandemic levels. In our seventh annual ThinkNow Pulse™ Report, Americans say their income has improved in the past year, and their outlook on personal finances and the U.S. economy is just as strong as it was in 2019 or stronger. Download the report here.
ThinkNow Smart Fitness: The Rise of Connected Fitness and CommunityThinkNow
The pandemic has accelerated the shift from traditional in-person gym memberships to broader acceptance of at-home connected fitness equipment. But a recent ThinkNow study shows that the gym isn’t dead, and connected fitness has a long way to go.
For our 2021 ThinkNow Smart Fitness Report, ThinkNow conducted a nationwide online survey of American adults ages 18 to 64 to understand consumer usage of internet-connected fitness equipment and perceptions of connected fitness brands.
Room To Grow
Twenty-five percent of respondents report owning connected fitness equipment. Ownership is highest among Non-Hispanic Whites and African Americans. Within the Total Market, ownership is highest among Millennials and increases drastically with income, and men are twice as likely as women to own smart exercise equipment.
It’s important to reiterate that only one out of four respondents report owning connected fitness equipment, and 20% of those who do not currently own it are at least somewhat interested in purchasing it. This data suggests a tremendous opportunity for brands innovating in or entering the connected fitness space.
Most Popular Connected Fitness Equipment
However, differences emerge when we take a closer look at the types of connected fitness equipment consumers own. Exercise bikes and treadmills, artifacts of the 1970s and 80s fitness movement, have maintained their appeal over the years, getting “smarter” with each passing year. Traditional resistance weight machines, reminiscent of the bodybuilding craze, appear to be losing some ground to, more minimalistic forms of strength training, like resistance bands.
Of the most popular brands of connected fitness equipment available, Peloton, Mirror, and NordicTrack are favored by respondents, while CLMBR, Tonal, and SoulCycle, rank in the bottom few. However, competition within this space is heated, with only a slim margin separating one brand from the next, especially as lines start to blur on product offerings.
Mirror, for example, offers a variety of workouts, from cardio and strength training to Pilates and Tai Chi. Accessories include fitness bands and yoga blocks but no weights. They likely pride themselves on their minimal impact on home life. Tempo and Tonal, however, both positioning themselves as “smart gyms,” offers accessories like weights and smart handles to maximize workouts. NordicTrack has a suite of products, including exercise bikes and an interactive “mirror” similar to Tempo, with a vault of weights and accessories inside. And while Peloton is probably more known for its bikes, the company also offers boot camp style workouts, yoga, barre, among others, with no equipment required.
The most significant threat to the success and continued adoption of connected fitness equipment is forward-thinking gyms innovating to stay competitive.
Unlock the secrets to creating a standout trade show booth with our comprehensive guide from Blue Atlas Marketing! This presentation is packed with essential tips and innovative strategies to ensure your booth attracts attention, engages visitors, and drives business success. Whether you're a seasoned exhibitor or a first-timer, these expert insights will help you maximize your impact and make a memorable impression in a crowded exhibition hall. Learn how to:
Design an eye-catching and inviting booth
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Use effective branding and visuals to reinforce your message
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Implement technology to enhance the visitor experience
Create memorable experiences that leave a lasting impression
Transform your trade show presence with these proven tactics and ensure your booth stands out from the competition. Download the PDF now and start planning your next successful exhibit!
From Hope to Despair The Top 10 Reasons Businesses Ditch SEO Tactics.pptxBoston SEO Services
From Hope to Despair: The Top 10 Reasons Businesses Ditch SEO Tactics
Are you tired of seeing your business's online visibility plummet from hope to despair? When it comes to SEO tactics, many businesses find themselves grappling with challenges that lead them to abandon their strategies altogether. In a digital landscape that's constantly evolving, staying on top of SEO best practices is crucial to maintaining a competitive edge.
In this blog, we delve deep into the top 10 reasons why businesses ditch SEO tactics, uncovering the pain points that may resonate with you:
1. Algorithm Changes: The ever-changing algorithms can leave businesses feeling like they're chasing a moving target. Search engines like Google frequently update their algorithms to improve user experience and provide more relevant search results. However, these updates can significantly impact your website's visibility and ranking if you're not prepared.
2. Lack of Results: Investing time and resources without seeing tangible results can be disheartening. The absence of immediate results often leads businesses to lose faith in their SEO strategies. It's important to remember that SEO is a long-term game that requires patience and consistent effort.
3. Technical Challenges: From site speed issues to complex metadata implementation, technical hurdles can be daunting. Overcoming these challenges is crucial for SEO success, as technical issues can hinder your website's performance and user experience.
4. Keyword Competition: Fierce competition for top keywords can make it hard to rank effectively. Businesses often struggle to find the right balance between targeting high-traffic keywords and finding less competitive, niche keywords that can still drive significant traffic.
5. Lack of Understanding of SEO Basics: Many businesses dive into the complex world of SEO without fully grasping the fundamental principles. This lack of understanding can lead to several issues:
Keyword Awareness: Failing to recognize the importance of keyword research and targeting the right keywords in content.
On-Page Optimization: Ignorance regarding crucial on-page elements such as meta tags, headers, and content structure.
Technical SEO Best Practices: Overlooking essential aspects like site speed, mobile responsiveness, and crawlability.
Backlinks: Not understanding the value of high-quality backlinks from reputable sources.
Analytics: Failing to track and analyze data prevents businesses from optimizing their SEO efforts effectively.
6. Unrealistic Expectations and Timeframe: Entrepreneurs often fall prey to the allure of quick fixes and overnight success. Unrealistic expectations can overshadow the reality of the time and effort needed to see tangible results in the highly competitive digital landscape. SEO is a long-term strategy, and setting realistic goals is crucial for success.
#SEO #DigitalMarketing #BusinessGrowth #OnlineVisibility #SEOChallenges #BostonSEO
INTRODUCTION TO SEARCH ENGINE OPTIMIZATION (SEO).pptxGiorgio Chiesa
This presentation is recommended for those who want to know more about SEO. It explains the main theoretical and practical aspects that influence the positioning of websites in search engines.
Empowering Influencers: The New Center of Brand-Consumer Dynamics
In the current market landscape, establishing genuine connections with consumers is crucial. This presentation, "Empowering Influencers: The New Center of Brand-Consumer Dynamics," explores how influencers have become pivotal in shaping brand-consumer relationships. We will examine the strategic use of influencers to create authentic, engaging narratives that resonate deeply with target audiences, driving success in the evolved purchase funnel.
Spotify: Revolutionizing the Music Streaming IndustryTMR Infra
Spotify's unique blend of technology, user-centric design, and industry influence has
cemented its position as a leader in music streaming. By continuously evolving and adapting,
Spotify remains a dominant force, shaping the future of music consumption. As it continues
to innovate and expand, Spotify is likely to maintain its position as the go.
Top Strategies for Building High-Quality Backlinks in 2024 PPT.pdf1Solutions Pvt. Ltd.
As we move into 2024, the methods for building high-quality backlinks continue to evolve, demanding more sophisticated and strategic approaches. This presentation aims to explore the latest trends and proven strategies for acquiring high-quality backlinks that can elevate your SEO efforts.
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What Software is Used in Marketing in 2024.Ishaaq6
This paper explores the diverse landscape of marketing software, examining its pivotal role in modern marketing strategies. It provides a comprehensive overview of various types of marketing software tools and platforms essential for enhancing efficiency, optimizing campaigns, and achieving business objectives. Key categories discussed include email marketing software, social media management tools, content management systems (CMS), customer relationship management (CRM) software, search engine optimization (SEO) tools, and marketing automation platforms.
The paper delves into the functionalities, benefits, and examples of each type of software, highlighting their unique contributions to effective marketing practices. It explores the importance of integration and automation in maximizing the impact of these tools, addressing challenges and strategies for seamless implementation across different marketing channels.
Furthermore, the paper examines emerging trends in marketing software, such as AI and machine learning applications, personalization strategies, predictive analytics, and the ethical considerations surrounding data privacy and consumer rights. Case studies illustrate real-world applications and success stories of businesses leveraging marketing software to achieve significant outcomes in their marketing campaigns.
In conclusion, this paper provides valuable insights into the evolving landscape of marketing technology, emphasizing the transformative potential of software solutions in driving innovation, efficiency, and competitive advantage in today's dynamic marketplace.
This description outlines the scope, structure, and focus of the paper, giving readers a clear understanding of what to expect and why the topic of marketing software is important and relevant in contemporary marketing practices.
Did you know that while 50% of content on the internet is in English, English only makes up 26% of the world’s spoken language? And yet 87% of customers won’t buy from an English only website.
Uncover the immense potential of communicating with customers in their own language and learn how translation holds the key to unlocking global growth. Join Smartling CEO, Bryan Murphy, as he reveals how translation software can streamline the translation process and seamlessly integrate into your martech stack for optimal efficiency. And that's not all – he’ll also share some inspiring success stories and practical tips that will turbocharge your multilingual marketing efforts!
Key takeaways:
1. The growth potential of reaching customers in their native language
2. Tips to streamline translation with software and integrations to your tech stack
3. Success stories from companies that have increased lead generation, doubled revenue, and more with translation
Mastering Local SEO for Service Businesses in the AI Era"" is tailored specifically for local service providers like plumbers, dentists, and others seeking to dominate their local search landscape. This session delves into leveraging AI advancements to enhance your online visibility and search rankings through the Content Factory model, designed for creating high-impact, SEO-driven content. Discover the Dollar-a-Day advertising strategy, a cost-effective approach to boost your local SEO efforts and attract more customers with minimal investment. Gain practical insights on optimizing your online presence to meet the specific needs of local service seekers, ensuring your business not only appears but stands out in local searches. This concise, action-oriented workshop is your roadmap to navigating the complexities of digital marketing in the AI age, driving more leads, conversions, and ultimately, success for your local service business.
Key Takeaways:
Embrace AI for Local SEO: Learn to harness the power of AI technologies to optimize your website and content for local search. Understand the pivotal role AI plays in analyzing search trends and consumer behavior, enabling you to tailor your SEO strategies to meet the specific demands of your target local audience. Leverage the Content Factory Model: Discover the step-by-step process of creating SEO-optimized content at scale. This approach ensures a steady stream of high-quality content that engages local customers and boosts your search rankings. Get an action guide on implementing this model, complete with templates and scheduling strategies to maintain a consistent online presence. Maximize ROI with Dollar-a-Day Advertising: Dive into the cost-effective Dollar-a-Day advertising strategy that amplifies your visibility in local searches without breaking the bank. Learn how to strategically allocate your budget across platforms to target potential local customers effectively. The session includes an action guide on setting up, monitoring, and optimizing your ad campaigns to ensure maximum impact with minimal investment.
Embark on style journeys Indian clothing store denver guide.pptxOmnama Fashions
Finding the perfect "Indian Clothing Store Denver" is essential for those seeking vibrant, authentic, and culturally rich attire in the heart of Colorado. Denver, a city known for its diverse culture and eclectic fashion scene, offers a variety of options for those in search of traditional and contemporary Indian clothing. Whether you're preparing for a wedding, festival, or cultural event, or simply wish to incorporate the elegance and beauty of Indian fashion into your wardrobe, discovering the right store can make all the difference.
The Strategic Impact of Storytelling in the Age of AI
In the grand tapestry of marketing, where algorithms analyze data and artificial intelligence predicts trends, one essential thread remains constant — the timeless art of storytelling. As we stand on the precipice of a new era driven by AI, join me in unraveling the narrative alchemy that transforms brands from mere entities into captivating tales that resonate across the digital landscape. In this exploration, we will discover how, in the face of advancing technology, the human touch of a well-crafted story becomes not just a marketing tool but the very essence that breathes life into brands and forges lasting connections with our audience.
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Digital Marketing is a latest method of Marketing techniques widely used across the Globe. Digital Marketing is an online marketing technique and methods used for all products and services through Search Engine and Social media advertisements. Previously the marketing techniques were used without using the internet via direct and indirect marketing strategies such as advertising through Telemarketing,Newspapers,Televisions,Posters etc.
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Techvolt Software offers best Digital Marketing services for promoting your products and services through online platform on the below methods of Digital marketing
1. Search Engine Optimization (SEO)
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4. Social Media Marketing (SMM)
5. Campaigns
Importance | Need of Digital Marketing (Online Promotions) :
1. Quick Promotions through Online
2. Generation of More leads and Business Enquiries via Search Engine and Social Media Platform
3. Latest Technology development vs Business promotions
4. Creation of Social Branding
5. Promotion with less investment
Benefits Digital Marketing Services at Techvolt software :
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Build marketing products across the customer journey to grow your business and build a relationship with your customer. For example you can build graders, calculators, quizzes, recommendations, chatbots or AR apps. Things like Hubspot's free marketing grader, Moz's site analyzer, VenturePact's mobile app cost calculator, new york times's dialect quiz, Ikea's AR app, L'Oreal's AR app and Nike's fitness apps. All of these examples are free tools that help drive engagement with your brand, build an audience and generate leads for your core business by adding value to a customer during a micro-moment.
Key Takeaways:
Learn how to use specific GPTs to help you Learn how to build your own marketing tools
Generate marketing ideas for your business How to think through and use AI in marketing
How AI changes the marketing game
The advent of AI offers marketers unprecedented opportunities to craft personalized and engaging customer experiences, evolving customer engagements from one-sided conversations to interactive dialogues. By leveraging AI, companies can now engage in meaningful dialogues with customers, gaining deep insights into their preferences and delivering customized solutions.
Susan will present case studies illustrating AI's application in enhancing customer interactions across diverse sectors. She'll cover a range of AI tools, including chatbots, voice assistants, predictive analytics, and conversational marketing, demonstrating how these technologies can be woven into marketing strategies to foster personalized customer connections.
Participants will learn about the advantages and hurdles of integrating AI in marketing initiatives, along with actionable advice on starting this transformation. They will understand how AI can automate mundane tasks, refine customer data analysis, and offer personalized experiences on a large scale.
Attendees will come away with an understanding of AI's potential to redefine marketing, equipped with the knowledge and tactics to leverage AI in staying competitive. The talk aims to motivate professionals to adopt AI in enhancing their CX, driving greater customer engagement, loyalty, and business success.
1. 2019 Auto Purchase Trends Report
Autonomous Driving and Micro-Mobility
Gaining Ground With Consumers
2. ThinkNow Omnibus
Survey Method
Field Date
303
Hispanics 505
Hispanics
1,271
Total
Base
Sizes
› Online via ThinkNow Research’s
Omnibus Study
Regional Coverage
› National
Screening Criteria
252
Non-Hispanic
Whites
258
African-
Americans
256
Asian-
Americans
› 18-64 years of age› February 2019
National online survey among a
representative sample of adult consumers.
Topics include:
• Vehicle purchase intent
• Purchase dynamics
• Awareness, usage and future usage of
technology-driven products in the
auto/transportation category
2
3. 3
❖ Most consumers intending to obtain a new vehicle in the next
3 years plan on buying new – rather than leasing or buying
used.
❖ 4 Door Sedans and SUVs top the list of body types being
considered. Preferences differ by age.
❖ Vehicle purchase intenders are aware of online platforms for
buying a vehicle, but the majority prefers to buy in-person.
❖ Younger men are more likely to consider buying a vehicle
online or through an app – convenience and comfort with
shopping online are motivators.
Key Findings
Vehicle Preferences
Purchase Preferences
Interest in Technology
❖ Scooter and bicycle sharing services are not well-known; millennials are
leading in terms of usage, which is non-existing among boomers.
❖ Familiarity with alternative-fuel vehicles is moderate – strongest for
Hybrid vehicles and lowest for Hydrogen Fuel Cell Vehicles. There is ample
room to educate.
❖ Awareness of alternative-fuel and autonomous vehicles is higher among
men than women, and tends to decline with age and increase with
income.
❖ Overall, younger consumers (age 18-34) and Hispanics show more interest
on tech-driven products in the category, leading in terms of usage and
future usage intent for ride-sharing services, alternative-fuel vehicles, and
autonomous vehicles. Their comfort with technology is evident.
4. The majority plans to buy/lease a vehicle within the next 3 years.
D1. When do you plan on buying or leasing your next vehicle?
D2. Are you considering a new or used vehicle?
D3. Will you be buying or leasing this vehicle?
4
30%
21%
19%
30%
When Planning to Purchase or Lease Next
New Vehicle?
Within the next 12 months
1 to 2 years from now
2 to 3 years from now
Have no plans to buy/lease a vehicle in the near future
62%
38%
New or Used?
New
Used
79%
12%
9%
Buying or Leasing?
Buying
Leasing
Not sure
New Vehicle Purchase Intent
(Among indicated segments)
Base: Total Respondents (n=1271) Base: Have Plans to Buy/Lease A Vehicle (n=898)Base: Have Plans to Buy/Lease A Vehicle (n=898)
• Half plans to buy/lease within the next 2 years; 30% have no plans on buying/leasing a vehicle in the near future.
• Among intenders, most plan to buy (not lease) and buy new (not used).
Asian intenders (71%) are
significantly more likely to be
planning on buying a new car
than NH White (60%) and
African American (59%).
5. The majority plans to buy/lease a vehicle within the next 3 years; one-third within a year.
D1. When do you plan on buying or leasing your next vehicle?
D2. Are you considering a new or used vehicle?
D3. Will you be buying or leasing this vehicle?
5
New Vehicle Purchase Intent
(Among indicated segments)
• Younger cohorts are significantly more likely to acquire a new vehicle in the next year.
• In contrast, 2 in 5 Boomers have no plans to acquire a new vehicle in the foreseeable future.
30%
21%
19%
30%
35%C
21%
16%
28%
31%C
21% 21%
27%
19%
24%
18%
39%AB
Buy/Lease within next 12 months Buy/Lease 1-2 years from now Buy/Lease 2-3 years from now No plans to buy/lease in near future
Total Sample Age 18-34 (A) Age 35-54 (B) Age 55-64 (C )
6. 4-door sedans and SUVs are the most popular body types being considered, their appeal
varies by age.
D5. Which of the following body types are you considering for your next vehicle?
D6. Which SUV size are you most likely to consider?6
54%
45%
18%
15%
7%
4%
22%
16%
16%
15%
14%
9%
1%
4 Door Sedan
Sport-Utility Vehicle (SUV) - Net
Mid-Size SUV
Compact SUV
Large/Full-Size SUV
Mini-SUV
Pickup Truck
2 Door Coupe
Hatchback
Sports car
Van or Minivan
Wagon
Other (Specify)
Type of Vehicles Being Considered for Next Purchase/Lease
(Multiple Choice) (Among next-3-years intenders)
Base: Plan to Buy/ Lease a Vehicle (n=898), Millennials (n=401), Gen X (n=346), Boomers (n=151)
• Among SUV types, mid-size and compact are being considered more than other types.
Age
18-34
Age
35-54
Age
55-64
(A) (B) (C)
4 Door Sedan 57%C 58%C 40%
SUV 37% 48%A 54%A
Sports car 23%BC 13%C 3%
Consumers younger than 55 are significantly more
likely than Boomers (age 55-64) to consider a 4 Door
Sedan or a Sports vehicle.
In contrast, those 35-64 years old are more likely
than their younger counterparts to consider an SUV.
Letters next to percentages indicate statistical significant difference at 95% confidence level
7. The majority prefers to buy/lease a vehicle in person. Millennials, and to some extent men,
are more open to buying a car online.
D4a. How will you be buying this vehicle?
Base: Plan to Buy/ Lease a Vehicle Total (n=898), Hispanics (n=366), Non-Hispanic Whites (n=175), African Americans (n=174), Asians (n=183), Male (n=470), Female (n=428), Millennials (n=401),
Gen X (n=346), Boomers (n=151)
7
Purchase Method for Next Vehicle
(Among next-3-years intenders)
• Hispanics, women, and those age 35+ are significantly more likely to plan on an in-person transaction.
90%
84%
74%
86%
77%
79%
75%
83%
85%
81%
3%
5%
10%
5%
9%
8%
9%
6%
4%
7%
4%
8%
2%
8%
4%
3%
5%
5%
5%
6%
7%
7%
7%
7%
10%
13%
5%
5%
7%
Age 55-64 (J)
Age 35-54 (H )
Age 18-34 (G)
Female (F)
Male (E )
Asian (D)
African American (C )
NH White (B)
Hispanic (A)
Total Sample
In-person Online Mobile Application Not sure
AB
C
E
G
G
J J
J
Letters next to percentages indicate statistical significant difference at 95% confidence level
8. Most vehicle intenders know of the vehicle purchasing online platforms listed, with
Autotrader leading the category in terms of awareness.
D4c. Which of these vehicle online purchasing platforms have you heard of?
Base: Plan to Buy/ Lease a Vehicle (n=898)
8
71%
51%
37%
17%
10%
7%
13%
autotrader.com truecar.com cargurus.com canva.com fair.com shift.com None of these
Awareness of Online Vehicle Purchasing Platforms
(Among next-3-years vehicle intenders)
• Only 13% are not aware of any of these platforms.
Significantly higher awareness among NH
Whites (76%) than other segments (Asians 66%,
African Americans 66%, and Hispanics 62%)
Significantly higher awareness
among Hispanics (14%)
9. Fewer than one-fifth of those currently not planning to purchase their next vehicle online
or through an app would consider doing so.
Q4d. How likely would you be to consider buying or leasing a vehicle online/ through mobile app?
Base: Not Plan to Buy Vehicle Online/ Through Mobile App (n=797)
9
10%
16%
17%
24%
23%
17%
15%
16%
35%
26%
Though Mobile App
Online
Very likely Somewhat likely Not sure Not very likely Not likely at all
Likelihood of Considering Using Each Method to Purchase or Lease a Vehicle
(Among those not planning on buying their next vehicle online)
• Buying online is more likely than through an app.
10. 28%
33%D
26%
27%
20%
37%F
19%
35%J
29%J
10%
Though Mobile App
Men and those younger than55 are more likely to consider buying their next vehicle online
or through an app.
Q4d. How likely would you be to consider buying or leasing a vehicle online/ through mobile app?
Base: Not Plan to Buy Vehicle Online/ Through Mobile App (n=797), Hispanics (n=328), Non-Hispanic Whites (n=155), African Americans (n=151), Asians (n=163), Male (n=403), Female (n=394),
Millennials (n=338), Gen X (n=313), Boomers (n=146)
10
Likelihood of Considering Using Each Method to Purchase or Lease a Vehicle - % Very or Somewhat Likely
(Among those not planning on buying their next vehicle online)
40%
44%
37%
48%
40%
47%F
34%
48%J
43%J
18%
Total Sample
Hispanics (A)
NH Whites (B)
African Americans (C )
Asians (D)
Male (E )
Female (F)
Age 18-34 (G)
Age 35-54 (H )
Age 55-64 (J)
Online
• Hispanics report significantly higher interest in buying a car using an app than Asians.
• Buying online is more likely than through an app; this is consistent across all subgroups.
Letters next to percentages indicate statistical significant difference at 95% confidence level
11. Convenience and habit are the primary motivators to consider buying a vehicle online or
through an app, respectively.
D4b. Why are you planning to buy your vehicle via [service] as opposed to in-person?
Base: Plan to Buy Vehicle Via Online (n= 64), Plan to Buy Vehicle Via App (n= 37)*
* Caution: Small Base Size
11
Reasons for Planning on Buying a new Vehicle Online or with an App
(Among next-3-years intenders planning to buy online/via mobile app)
60%
45%
43%
24%
17%
More convenient
Can find a better/lower price
There is more variety available
I buy everything online
I dislike shopping for a vehicle in-person
Motivators to Buy Next Vehicle Online
41%
37%
35%
30%
30%
I buy everything online
Can find a better/lower price
More convenient
There is more variety available
I dislike shopping for a vehicle in-person
Motivators to Buy Next Vehicle Via Mobile App*
• Some also perceive pricing and variety of options are better online than in-person..
12. Of the alternative-fuel vehicle types, Hybrid and Electric enjoy higher awareness, followed
by Plug-in Hybrid.
D9. How familiar are you with each of these alternative-fuel vehicle types?
Base: Plan to Buy/ Lease a Vehicle (n=898)
12
17%
23%
28%
29%
20%
37%
37%
40%
37%
33%
31%
28%
25%
7%
4%
3%
Hydrogen Fuel Cell Vehicle
Plug-in Hybrid
Electric Vehicle
Hybrid Vehicle
Very familiar Somewhat familiar Heard of but not very familiar Never Heard of
Familiarity with Alternative-Fuel Vehicle Types
(Among next-3-years intenders)
• Familiarity with these types of vehicles, however, is somewhat limited, with only 23-29% indicating they are ‘very familiar’.
• One in four have never heard of Hydrogen Fuel Cell Vehicles.
13. Familiarity with alternative-fuel vehicles is higher among men. Awareness tends to decline
with age and increase with income.
D9. How familiar are you with each of these alternative-fuel vehicle types?
Base: Plan to Buy/ Lease a Vehicle Total (n=898), Hispanics (n=366), Non-Hispanic Whites (n=175), African Americans (n=174), Asians (n=183), Male (n=470), Female (n=428), Millennials (n=401),
Gen X (n=346), Boomers (n=151), Under $40K (n=335), $40K-$79K (n=280), $80K+ (n=253)
13
Familiarity with Alternative-Fuel Vehicle Types - % Very Familiar
(Among next-3-years intenders)
• Hispanics tend to report higher awareness of these types of vehicles than most other ethnic groups.
17%
17%D
19%CD
11%
10%
25%F
9%
22%J
17%J
8%
12%
13%
26%KL
Hydrogen Fuel Cell Vehicle
23%
24%C
23%
17%
17%
30%F
14%
27%J
23%J
12%
14%
23%K
31%K
Plug-in Hybrid Vehicle
28%
30%
29%
24%
25%
34%F
21%
31%J
28%
17%
19%
28%
35%K
Electric Vehicle
29%
30%
30%
26%
30%
34%F
24%
35%J
26%
23%
17%
33%K
38%K
Total Sample
Hispanics (A)
NH Whites (B)
African Americans (C )
Asians (D)
Male (E )
Female (F)
Age 18-34 (G)
Age 35-54 (H )
Age 55-64 (J)
Under $40K (K)
$40K-$79K (L)
$80K or more (M)
Hybrid Vehicle
Letters next to percentages indicate statistical significant difference at 95% confidence level
14. Two in five express interest in considering an alternative-fuel vehicle; one in five would not
consider at all.
D10. How likely are you to consider an alternative fuel vehicle for your next vehicle purchase?
Base: Total Respondents (n=1271) Hispanics (n=505), Non-Hispanic Whites (n=252), African Americans (n=258), Asians (n=252), Male (n=626), Female (n=645), Millennials (n=561), Gen X (n=473),
Boomers (n=237), Under $40K (n=501), $40K-$79K (n=385), $80K+ (n=307)
14
17%
25%
25%
14%
19%
Very likely
Somewhat likely
Not likely nor unlikely
Not very likely
Not likely at all
Likelihood to Consider an Alternative Fuel Vehicle
(Among Total Sample)
17%
19%C
17%
11%
19%C
19%
15%
19%J
19%J
10%
11%
14%
28%KL
Total Sample
Hispanics (A)
NH Whites (B)
African Americans (C )
Asians (D)
Male (E )
Female (F)
Age 18-34 (G)
Age 35-54 (H )
Age 55-64 (J)
Under $40K (K)
$40K-$79K (L)
$80K or more (M)
% Very Likely To Consider – by subgroups
• Nearly as many are very likely to consider than not likely to consider, many are unsure.
• Interest on this type of vehicles declines with age (likely due to comfort with technology in general) and increases with income.
Letters next to percentages indicate statistical significant difference at 95% confidence level
15. Cost is, by far, the key barrier to considering an alternative-fuel vehicle.
D11. What are the reasons why you would not be likely to consider an alternative fuel vehicle?
Base: Not Likely to Buy an Alternative Fuel Vehicle (n= 706)
15
47%
32%
28%
25%
21%
20%
18%
17%
17%
12%
8%
8%
8%
7%
6%
4%
2%
1%
1%
Too expensive
Don't know enough about them
Difficulty re-fueling/recharging
Driving range
Not enough engine power
Long-term cost
Too complicated
Too small
Haven't seen one I like/ that catches my attention
Not enough fuel economy benefit
Lack of style
Not reliable
Bad reputation
Not enough environmental benefit
Environmental impact of electric battery waste
Other (Net)
Other
I can't/I'm disable/I don't drive
I don't need another car
Barriers to Considering an Alternative-Fuel Vehicle
Highest among Millennials (10%)
Lowest among Millennials (18%);
increases significantly with age: 29%
among Gen X and 42% among Boomers.
• Lack of familiarity and difficulty recharging are also mentioned by about 3 in ten people.
16. In general, non-Hispanic Whites seem the most skeptical and are more likely to name
multiple reasons for their lack of interest on AFVs.
D11. What are the reasons why you would not be likely to consider an alternative fuel vehicle?
Base: Not Likely to Buy an Alternative Fuel Vehicle (n= 706)
16
Barriers to Considering an Alternative Fuel Vehicle
Total Hispanics Non-Hispanic Whites African American Asians
(A) (B) (C) (D)
Too expensive 47% 48%C 52%C 32% 51%C
Don't know enough about them 32% 30% 30% 41%A 31%
Difficulty re-fueling/recharging 28% 26% 32%C 20% 27%
Driving range 25% 17% 30%AC 17% 23%
Not enough engine power 21% 13% 28%ACD 10% 11%
Long-term cost 20% 19% 22% 14% 22%
Too complicated 18% 19% 18% 18% 18%
Too small 17% 11% 20%ACD 11% 6%
Haven't seen one I like/ that catches my attention 17% 21% 16% 15% 20%
Not enough fuel economy benefit 12% 9% 15%C 6% 14%C
Lack of style 8% 8% 8% 10% 9%
Not reliable 8% 8% 9% 8% 15%
Bad reputation 8% 5% 11%ACD 4% 3%
Not enough environmental benefit 7% 6% 7% 5% 5%
Environmental impact of electric battery waste 6% 8% 5% 6% 8%
Base size: (706) (275) (148) (161) (122)
• Price is the top barrier among Hispanics and Asians, while African Americans are more likely to name lack of familiarity as the top barrier.
Letters next to percentages indicate statistical significant difference at 95% confidence level
17. Car-sharing services enjoy nearly universal awareness, although only about half have used
them. Awareness and usage of other services is much weaker.
D12. Please indicate your level of familiarity with each of the following ride-sharing services.
Base: Total Respondents (n=1271)
17
13%
14%
45%
51%
47%
49%
35%
40%
6%
Bicycle sharing
Electric-scooter sharing (such as Bird or Lime)
Car-sharing (such as Uber or Lyft)
Have used this service Have seen/heard of but never used Have never seen or heard of
Familiarity with Ride-Sharing Services
(Among Total Sample)
• Only one in 7 have ever used scooter or bicycle sharing services, which represents one-fourth of those car-sharing penetration.
• Awareness of scooter or bicycle sharing services is significantly lower than that of car-sharing as well.
• The stronger awareness and usage of car-sharing services is likely driven by fact that these tend to be ubiquitous in many cities, whereas
other ride-sharing services tend to be available in more urban areas.
18. Consistent with level of familiarity, consumers are more likely to consider using car-sharing
rides than other services.
D13. Whether or not you are familiar with them, how likely are you to use each of the following ride-sharing services?
Base: Total Respondents (n=1271)
18
13%
13%
36%
13%
12%
23%
18%
19%
16%
16%
14%
10%
41%
42%
16%
Bicycle sharing
Electric-scooter sharing (such as Bird or Lime)
Car-sharing (such as Uber or Lyft)
Very likely Somewhat likely Not sure Not very likely Not likely at all
Likelihood to Use a Ride-Sharing Service
(Among Total Sample)
• Most are unsure or are not planning on using scooter or bicycle sharing services
19. The majority of those likely to use ride-sharing services are not willing to give up their car.
D12. Please indicate your level of familiarity with each of the following ride-sharing services.
D14. What impact would [SERVICE] have on your driving habits or vehicle ownership, if at all?
Base: Total Respondents (n=1271)
19
8%
18%35%
39%
Car-Sharing Services
5%
10%
12%
73%
Bicycle Sharing Services
Impact of Ride-Sharing Services on Driving Habits
(Among Total Sample)
6%
10%
11%
73%
Electric-scooter Sharing Services
I may not own a vehicle in the near
future because of this service
I will be driving less in the near
future because of this service
None, it will not have any
impact on my driving or vehicle
ownership now or in the future
• While some intend to drive less as a result of ride-sharing services, very few are ready to give up their car.
Not likely to use ride-sharing
service
20. Interest on ride-sharing services is highest among the youngest cohort and declines with
age.
D12. Please indicate your level of familiarity with each of the following ride-sharing services.
D13. Whether or not you are familiar with them, how likely are you to use each of the following ride-sharing services?
D14. What impact would [SERVICE] have on your driving habits or vehicle ownership, if at all?
Base: Total Respondents
20
Usage and Impact of Ride-Sharing Services
(Among Total Sample)
• Hispanics and Asians are more likely to have used car-sharing services.
Total Hispanics
Non-Hispanic
Whites
African
American
Asians
Age
18-34
Age
35-54
Age
55-64
(A) (B) (C) (D) (G) (H) (J)
% HAVE USED SERVICE IN THE PAST
Car-sharing (such as Uber or Lyft) 45% 53%B 40% 46% 60%BC 55%HJ 45%J 25%
Electric-scooter sharing (such as Bird or Lime) 14% 14% 13% 12% 13% 22%HJ 10%J 3%
Bicycle sharing service 13% 14% 12% 14% 11% 20%HJ 12%J 3%
% VERY LIKELY TO USE SERVICE IN FUTURE
Car-sharing (such as Uber or Lyft) 36% 41% 34% 40% 40% 48%HJ 34%J 16%
Electric-scooter sharing (such as Bird or Lime) 13% 12% 14% 12% 9% 22%HJ 12%J 1%
Bicycle sharing service 13% 13% 14% 9% 10% 18%J 13%J 1%
% WHO WILL DRIVE LESS OR MAY NOT OWN A CAR BECAUSE OF THIS SERVICE
Car-sharing (such as Uber or Lyft) 26% 32% 25% 22% 32% 38%HJ 25%J 5%
Electric-scooter sharing (such as Bird or Lime) 16% 15% 17% 10% 11% 24%HJ 16%J 1%
Bicycle sharing service 15% 14% 16% 10% 12% 23%HJ 14%J 1%
Base size: (1271) (505) (252) (258) (256) (561) (473) (237)
Letters next to percentages indicate statistical significant difference at 95% confidence level
21. Younger men report the strongest interest in autonomous vehicles.
D15. An "autonomous" or "self-driving" vehicle is a vehicle that combines sensors and software to control, navigate and drive the vehicle. These vehicles requires very little to no human input.
Using a scale from 1-5, please indicate your interest in this type of technology.
Base: Total Respondents (n=1271) Hispanics (n=505), Non-Hispanic Whites (n=252), African Americans (n=258), Asians (n=252), Male (n=626), Female (n=645), Millennials (n=561), Gen X (n=473),
Boomers (n=237)
21
Interest in Autonomous Vehicles
(Among Total Sample)
4%
16%J
23%J
11%
22%F
19%
15%
15%
19%
16%
11%
13%
18%J
10%
19%F
18%
14%
13%
21%BC
14%
22%
25%
29%E
17%
35%ABC
26%
21%
24%
23%
16%
10%
11%
13%
10%
10%
12%
12%
11%
11%
48%G
39%G
23%
37%
32%
18%
34%AD
39%AD
25%
35%
Age 55-64 (J)
Age 35-54 (H )
Age 18-34 (G)
Female (F)
Male (E )
Asian (D)
African American (C )
NH White (B)
Hispanic (A)
Total Sample
5-I can hardly wait to own a self-driving vehicle! 4 3-Not sure 2 1-I can't see myself ever driving or owning one a self-driving vehicle
• Boomers have not embraced the idea of driving an autonomous vehicle.
• Hispanics and Asians show more interest than other segments.
Letters next to percentages indicate statistical significant difference at 95% confidence level