With more consumers keeping their vehicles for longer
periods, automakers are having a tougher time keeping
their customers loyal to their brands.
Data shows that 46.2% of consumers who keep
their vehicles for three years and then buy another one
choose the same automaker for their next purchase. But
loyalty rates decline every year that the driver keeps his or
her current car, dropping to 39.8% at nine years of
ownership. The average American is keeping his or her
vehicle for about six years, up from four
years before 2007. The landscape has changed significantly since many
vehicle owners last bought a new car. Some brands, like
Saturn, Pontiac and Mercury, no longer exist. Brands
like Hyundai and Kia have upgraded their reputations while
others like Mitsubishi and Suzuki have been downgraded
in the public’s eye. There are new brands to think about
like Fiat, and new types of cars like the electric and electricgas
hybrids to consider. And when many owners begin their shopping online,
loyalty to a particular dealer takes a hit as well. That’s why
dealerships are putting more emphasis on customer
service for the cars that drivers have now so they can
maintain a connection that will pay off when the owner buys
a new vehicle.