NHTSA Kelley Blue Book Survey Results

NHTSA Kelley Blue Book Survey Results.pptx

Monroney Label Consumer Focus Groups

NHTSA Kelley Blue Book Survey Results

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Methodology

  • Online survey, 5 minutes 

    • Consumers: Received survey invite via pop up ad on the KBB website 

    • Dealers: Received survey invite via email (sent to 6,000 dealers from Kelley Blue Book’s database) 

  • Field Dates: October 15 - 21, 2009 

  • 980 completes 

    • 774 Consumers: ages 18+ and likely to purchase a new car within the next two years 

    • 206 Dealers 

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Summary of Key Findings

  • Safety ratings are important, but aren’t the key factor in the final sale for most buyers. 

    • More than half of consumers (56%; 1-10 top 2 box)) report safety ratings have a significant influence on their final purchase decision, yet safety rating information not among top questions consumers ask dealers (only 26%top 2 box 1-10 “always” ask).         

  • One a scale of 1 to 10 (10 being the utmost influence), general safety ratings are ranked as more influential than Government 5-Star Safety Ratings specifically (6.9 compared to 8.1)  

    • Government 5-Star Safety Rating impact vehicle preference but not the dealership sale.  Dealers report rarely losing a sale over safety ratings--81% report losing 2 or less per year even though about half (44%) of consumers report walking away from a particular vehicle due to low Government 5-Star Safety Ratings. 

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Summary of Key Findings

  • Consumers are not very familiar with the Government  

        5-Star Safety Rating (46%).

    • Dealers are far more familiar with the Government 5-Star safety ratings (82%), yet the same majority (83%) report that their dealerships have not yet begun discussing changes to the rating systems. 

  • Changing the Government 5-Star Safety Rating is widely viewed to be a good thing by both audiences. 

    • Nearly all consumers believe it is a good idea (96%) 

    • Vast majority of dealers believe it will be good for business (85%) 

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Summary of Key Findings

  • Consumers (34%) and dealers (50%) alike most prefer to learn about changes to the New Government 5-Star Safety Rating system online. 

    • Consumers much more likely to also prefer and expect to learn about the ratings through TV ads and news. 

    • Consumers expect to learn most from consumer-centric sources like Kelley Blue Book (31%) and Edmunds (17%) 

    • Dealers expect to learn most from industry authorities such as dealers/manufacturer sites (28%) and NHTSA (21%) 

  • Both consumers (41%) and dealers (36%) believe that understanding the distinction between the star levels is most important. 

    • Both audiences agree that understanding the aspects that were changed in the new system is least important  

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DETAILED FINDINGS

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More than half of consumers view safety ratings as significantly influential on their final purchase decision

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Safety ratings rank in consumers’ top three most influential attributes

1

2

3

4

5

6

7

8

9

10

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Dealers are not often asked about safety ratings

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;

Car Attribute Influence

 

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Price, brand, and fuel efficiency are the most asked about car attributes

1

2

3

4

5

6

7

8

9

10

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Safety ratings important, but not among top questions to dealers

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Dealers are much more familiar with the Government 5-Star Safety Ratings

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The Government 5-Star Safety Ratings are moderately influential and usually promoted

1

2

3

4

5

6

7

8

9

10

1

2

3

4

5

6

7

8

9

10

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Government 5-Star Safety Ratings impact vehicle preference, but not dealership sale

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;

Dealer Lost Sale Due to Ratings

 

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;

Consumer Walked Away Due to Ratings

 

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Most consumers and dealers think the changes are a good idea

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Dealer Perception

 

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Consumer Perception

 

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The majority of dealerships have yet to talk about the Government 5-Star Safety Ratings changes

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;

Dealerships Already Talking About 5-Star Safety Rating Changes

 

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Both audiences most prefer learning about the changes online

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;

Consumers

 

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;

Dealers

 

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Consumers and dealers indicate a mixed channel approach is optimal

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;

Consumers

 

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;

Dealers

 

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General news programs (local and national) are expected to provide the most information

TV News Program Expected to Learn From Most

Consumers

Dealers*

News reports / local and national news

44%

30%

FOX

21%

20%

CNN

21%

40%

60 Minutes

9%

-

MSNBC

9%

10%

NBC

7%

20%

ABC

7%

20%

Dateline

6%

-

20 / 20

6%

-

Good Morning America

3%

-

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Local newspapers are expected to provide the most information

Newspaper Expected to Learn From Most

Consumers

Dealers*

Local newspapers

80%

80%

USA Today

10%

40%

Wall Street Journal

10%

-

Any / all vehicle related sites

5%

-

60 Minutes

2%

-

ABC

2%

-

All others

7%

-

Don't know / none in particular

5%

-

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Consumers expect to learn most from Time magazine, while dealers expect to learn more from trade media

News Magazine Expected to Learn From Most

Consumers*

Dealers*

Time Magazine

31%

-

Road & Track

19%

-

Car & Driver

15%

100%

Auto magazines - unspecified

15%

-

Motor Trend

12%

100%

Local newspapers

8%

-

Automobile

8%

-

Auto Week

4%

-

Automotive News

-

100%

All others

35%

-

Don't know / none in particular

4%

-

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Consumers rely heavily on Consumer Reports, while dealers tend to turn to trade media

Industry Magazine Expected to Learn From Most

Consumers

Dealers

Consumer Reports

28%

-

Car & Driver

26%

11%

Road & Track

21%

-

Motor Trend

17%

6%

Auto magazines - unspecified

6%

6%

Automobile

6%

-

Edmunds

6%

-

Any / all vehicle related sites

6%

-

Automotive News

4%

44%

Dealer / manufacturer

-

17%

AAA

-

6%

All others

9%

33%

Don't know / none in particular

2%

6%

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Kelley Blue Book is the most popular online resource for consumers, many dealers rely on NHTSA

Website Expected to Learn From Most

Consumers

Dealers

Kelley Blue Book

31%

14%

Edmunds

17%

10%

Yahoo

14%

10%

Dealer / manufacturer

13%

28%

MSN / autos.msn.com

13%

3%

Consumer Reports

11%

3%

Google

10%

8%

Government sites - unspecified

8%

7%

Cars.com

6%

4%

Any / all vehicle related sites

4%

1%

NHTSA

4%

21%

Auto Trader

3%

8%

News reports / local and national news

3%

2%

CNN

3%

1%

NADA.com

3%

8%

Car & Driver

3%

1%

IIHS / Insurance Institute for Highway Safety

1%

3%

Automotive News

-

10%

All others

17%

12%

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NPR or local radio shows appeal to both consumers and dealers

Radio Program Expected to Learn From Most

Consumers*

Dealers*

Local radio or NPR

70%

100%

News reports / local and national news

26%

-

FOX

4%

-

Any / all vehicle related sites

4%

-

All others

7%

-

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Understanding the difference between the different star levels is most important to consumers and dealers

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Consumers

 

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Dealers

 

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Dealers view understanding how new ratings compare to the old as more important than consumers do

1

2

3

4

 

 

 

 

 

 

 

 

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