How Auto Shows Shape Consumer Behavior and Industry Trends
2024-06-11How Auto Shows Shape Consumer Behavior and Industry Trends
Understanding how auto shows shape consumer behavior and industry trends is vital for vendors and clients alike. According to a recent study by Productions Plus, these events play an essential role in the consumer vehicle research process. Moreover, this extensive research, involving 14,908 auto show attendees from across the U.S., highlights the unmatched influence of in-person marketing and educational experiences provided by auto shows.
Key Insights from the Research on How Auto Shows Shape Consumer Behavior and Industry Trends
The study gathered data from attendees at ten auto shows nationwide. Consequently, these shows collectively attracted 920,316 visitors, representing regions with 1.6 million new retail light vehicle registrations. Therefore, the findings reveal the immense impact of auto shows on both consumers and the automotive industry.
1. Hands-on Vehicle Experiences
Auto shows provide invaluable hands-on experiences. For instance, on average, attendees spend 2.8 hours on the show floor, visiting 8.6 OEM exhibits and experiencing 10.1 vehicles. This amounts to 2.5 million hours on the show floor, 7.9 million display visits, and 9.2 million firsthand vehicle experiences.
- Notably, 74% of attendees come to learn about new vehicle technologies.
- Furthermore, 42% are more likely to purchase a vehicle they test drive or ride in onsite.
- Additionally, 64% of attendees are between 22 and 55 years old.
- Interestingly, 94% wished to see a brand that was not present at the show.
2. Influence on Purchase Decisions
Auto shows are crucial for consumers in the market to buy a vehicle. Specifically, the data shows:
- 43% of attendees plan to purchase a vehicle within the next 12 months.
- Moreover, 76% of these in-market consumers report that a brand’s absence from an auto show impacts their purchase decision.
- In addition, 37% added a brand to their consideration list due to their auto show experience.
- Finally, 69% found the auto show helpful in their purchase decision-making process.
Jennifer Morand, President of the Chicago Automobile Trade Association, emphasizes that auto shows are unmatched in their ability to influence buying decisions, even in the digital age. They provide a platform for showcasing the latest products and technologies directly to qualified buyers.
The Role of Auto Shows in Promoting EV Adoption
With the automotive industry shifting towards electric vehicles (EVs) and alternative fuel options, auto shows have become vital educational platforms. The research found that before attending an auto show, one-third of attendees knew little about EVs. However, by the end of their visit, they had gained significant insights into driving, charging, and maintaining these vehicles.
John Sackrison, Executive Director of the Orange County Automobile Dealers Association, highlights the nationwide patterns in consumer expectations and behaviors observed in the study. Consequently, this consistency underscores the strength and value of the auto show platform.
Future Collaboration and Data-Driven Insights
Part of the Auto Show Insights Initiative by Productions Plus, marks the first time ten unique auto shows collaborated on a unified data collection effort. Therefore, it sets the stage for future cooperation and data sharing to provide manufacturers with valuable consumer insights.
Hedy Popson, CEO of Productions Plus, and Chief Research Officer Amy Emmatty stress the importance of these events in connecting consumers and brands. The data demonstrates that auto shows are the most influential factor affecting new vehicle purchase decisions, surpassing digital, TV, and other media forms.
For more details on the survey findings, visit the Auto Show Insights Initiative
NSD – The #1 Rated Motor Club
For businesses seeking reliable roadside and vehicle protection, NSD (Nation Safe Drivers) stands out as the top-rated motor club in North America for 7 out of the last 9 years. With over 62 years of experience, NSD has been providing comprehensive roadside solutions.
NSD’s commitment to excellence is evident in their cutting-edge high-tech platform, which offers a personalized touch and seamless experience in the roadside industry. From 24/7/365 roadside assistance to secondary tow, accident scene management, and last mile tow, NSD’s services are tailored to meet the diverse needs of businesses and their clients.
Many businesses have already partnered with NSD to provide their clients with exceptional roadside services, thanks to the company’s user-friendly and easy-to-integrate solutions. With a team of experts who have decades of industry experience, NSD ensures that every roadside event is handled with the utmost professionalism and care.
What sets NSD apart is their flexible pricing model, designed to cater to the unique requirements of each business. Whether you’re a small startup or a large corporation, NSD’s roadside assistance and vehicle protection products are accessible and cost-effective, ensuring that your clients receive the best possible service without breaking the bank.
Don’t settle for anything less than the best when it to roadside and full vehicle protection. Request a live demo with our team of experts today.
Take the first step towards providing your customers with the highest level of roadside support and peace of mind.
You’ve Got Your Customer’s Back. We’ve Got Yours.
You want to offer financial protection and roadside peace of mind to your clients. We’ve got the technology, the network, and the people to make it happen. Let’s work together.