Driving through the consumer’s mind: Steps in the buying ...
Driving through the consumer's mind: Steps in the buying process
December 2014 For private circulation only in
1
Contents
Key terms3 Introduction4 About the study5 Purchase triggers6 Information search9 Interactions at dealership15 Customer endorsement19 Appendix22 Contacts24
2
Key terms
Gen X Born between 1965 ? 1976 in the age of 37 to 48 years Gen Y Born between 1977 ? 1994 in the age of 19 to 36 years OEM Original equipment manufacturers
3
Introduction
The passenger car market, after a period of slow and no growth, seems to be showing signs of turning around. Based on the encouraging growth numbers, automotive manufacturers are counting on the general mood of optimism to see the sales change gears and accelerate.
A few months ago we published a report "Driving through the consumer's mind: Considerations for Car purchase" where we covered the purchase triggers and considerations. This report is based on the responses of over 1500 car-owners from India (out of the 1800) who participated in our Global Automotive Survey. This was a part of a global initiative where we surveyed over 23,000 people in 19 countries. In this report we cover the buying process - the information buyers look for, the time they spend researching, their choice of information sources, interactions with dealers and their openness to recommend products to others.
attempted to cover a large cross-section of consumers, this random sample may have limitations of representing all the strata of car owners or car buyers. Please refer to the Appendix-1 for details of the respondent profile.
While analysing data or drawing inferences, we have taken only statistically significant data into consideration. As true to most surveys, the analysis presented in this report may be taken as directional in nature and may not accurately reflect the realities relating to a brand, customer category, etc. The reader is advised not to take the conclusions or the inferences drawn as professional counsel or assume these to be premises on which they would make decisions.
We hope that this report will help provide additional perspectives to OEMs in devising their marketing strategies to drive future growth.
While the sample includes rural customers, it has a
significant presence of urban customers, given the
pattern of car ownership in India. Further, the sample
may not represent the various brands proportionate to
market share those brands may enjoy. Though we have
4
About the study
The analysis presented in the report essentially comes from primary research and attempts to answer the following: 1.What is the information the buyers may be looking
to gather to make their decision about the car they would buy? 2.What is the time and effort spent in the process? What are the information sources used by consumers? What is the relative importance of the information sources?
3. How important is the dealer visit? 4.How much do the customers recommend their or
other products to their circle of friends and relatives?
We have attempted to answer the above questions as per the consumer purchasing process illustrated below:
Information search
Identify relative importance of the different information sources used by the consumers
Interactions at dealership
Understand the key aspects of the buying process at the automotive dealerships
Customer endorsements
Understand the post - purchase recommendations by the customers
Sources of information Nature of research
Purchasing process
Price / Features / Technology
Research validations
Product & purchasing experience
Purchase Triggers
5
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related download
- department of consumer affairs launches first
- an auto dealers guide to outselling the competition
- new dealer enrollment first investors
- program details frequently asked questions
- first time buyer program audi usa
- driving through the consumer s mind steps in the buying
- dealertrack launches new f i software platform to cut time
- new vehicle buyer demographics indy star media
Related searches
- what s going on in the world today
- what s going on in the world
- steps in the respiration process
- steps in the mortgage process
- steps in the marketing process
- steps in the loan process
- steps in the writing process
- steps in the implementation process
- four steps in the water cycle
- women s rights movement in the united states
- steps in the procurement process
- steps in the iep process