Study: Toyota recovers from recalls, Mother Nature to regain customer loyalty crown - Motorgen - Automotive Events, Meets, Cruises and Forums

RSS Reader · 10-16-2012, 09:16 AM

After dealing with flailing global economies, numerous recalls and safety allegations and then the depleted inventory from the devastating earthquake and tsunami in Japan, Experian Automotive says that Toyota is finally back on top when it comes to consumer loyalty in the US. Toyota edged out General Motors and Ford Motor Company to grab this loyalty crown for the first time since the third quarter of 2009.

The metric for this title was determined by owners of a vehicle choosing from the same corporate automaker for their next vehicle purchase. For Toyota, this means that 47.3 percent of its current customers will purchase a Scion, Lexus or Toyota model as their next car compared to 46.2 percent for GM and 46 percent for Ford. Honda and Hyundai rounded out the top five in this list.

In terms of individual brand loyalty - when buyers come back to the same brand - Ford took the spot in this category with 44.7 percent of buyers returning to the Ford showroom for their next purchase, including six cars in the top 10 for overall loyalty. Ford Fusion customers are the most loyal with 59.9 percent buying another Ford, but Flex, Edge, Five Hundred, Escape and Fiesta are all in the top 10. Oddly enough, the top vehicle among brand loyalty was the Chevrolet Sonic (which has only been on the market for less than a year - we're not sure what to make of that...) with 60.3 percent of its buyers trading in for another Chevy product.

Other interesting facts to note from Experian Automotive's study include the median age of vehicles has increased from 9.8 years up to 10.8 years since 2008, indicating that people are keeping their cars for an extra year before trading them in. Besides Toyota, Chrysler was the only automaker listed as having increased its market share and vehicle purchases in the second quarter of this year.

Scroll down for Experian's press release or click here for the informative infographic in PDF form.Continue reading Toyota recovers from recalls, Mother Nature to regain customer loyalty crown
Toyota recovers from recalls, Mother Nature to regain customer loyalty crown originally appeared on Autoblog on Tue, 16 Oct 2012 11:33:00 EST. Please see our terms for use of feeds.

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