Topic: car buyers
Digital marketing provider Netsertive released a study last week that confirmed several trends in car shopper behavior:
We saw considerable strength in the auto market in 2016. Helped by record-breaking new-car sales, the OEMs generated billions of dollars in profit.
Yet these impressive figures mask the reality of auto retail at the dawn of 2017. Not only did new-vehicle incentives grow as 2016 wore on, but shoppers bought more certified pre-owned vehicles – and used vehicles – than ever before.
Perhaps you’ve heard that crossovers – Honda CR-Vs, Ford Escapes, Chevrolet Equinoxes, et al. – are now the nation’s most popular new-vehicle segment.
Turns out, their popularity extends to the used market, too.
CarGurus’ consumer blog, http://blog.cargurus.com, serves tens of thousands of auto shoppers every month with reviews, auto-show reveals, and lots more.
Here’s what CarGurus users were most interested in during the month of November.
We recently explored auto buying habits for younger Millennials – those just out of college. Contrary to much of what has been reported in the media, these young people are interested in buying cars and trucks.
It may be the case that passing a major “life milestone” (i.e., graduating from college) is what spurs young shoppers to start searching for a car. With that in mind, it’s interesting that older Millennials, those aged 25 to 34, also appear to be jumping into the market.
The news and reviews on our consumer-facing blog, blog.cargurus.com, help shoppers make more informed purchase decisions. (There’s content for enthusiasts, too. Check out this feature on how the Ford Mustang sells in Germany.)
Once a month, we look at the CG consumer blog’s analytics to identify the most popular posts. Read on to find out what digital shoppers were interested in last month.
If you use a smartphone, odds are you’re either a die-hard iPhone fan or a committed Android user. Other operating systems have come and gone in the past decade, but iOS and Android now split about 98% of the US smartphone market.
What you may not expect is that the two OSs are the most popular platforms for accessing CarGurus.com – even more so than Windows or Mac OS.
But they are, and by a wide margin.
A lot has been made of Millennials’ ambivalence about buying cars, and it may be true that young people are getting driver’s licenses later than past generations. Just-released data shows that the number of 16-year-old licensed drivers is at an 50-year low.
But among older Millennials – people in the 25-34-year-old range – interest in car ownership appears to be growing.
Today’s low gas prices have led households to enjoy a “tax cut” of about $1,000 per year, researchers at IHS have found. In other words, the typical household now spends $1,000 less on fuel than it did between 2011 and 2015.
But does cheap gas affect people’s vehicle preferences? We took a look into our lead-volume and pricing data for pickup trucks, some of the least fuel-efficient vehicles on the road, to find out.
It’s a simple question: what are the most used popular vehicles on CarGurus nationally? We now have more than 18 million monthly users in the US, so our used-vehicle stats provide a solid picture of the used-car market as a whole.
Without further ado, let’s take a look at the top five used vehicles on CarGurus.