09/17/2021 | Press release | Distributed by Public on 09/16/2021 20:15
BMW and FAW-Volkswagen Rank Highest in Respective Vehicle Segments
SHANGHAI: 17 Sept. 2021 - Among consumers in China who intend to buy a new vehicle in the next six months, nearly one-fourth (24%) consider their experience with vehicle intelligence features to be the decisive purchase factor, according to theJ.D. Power 2021 China New-Vehicle Intender StudySM (NVIS), released today.
The study, now in its 13th year, examines consumer perceptions of vehicles and interest in new technologies, and includes the purchase behaviors of those who intend to buy a new vehicle within the next six months and their decision factors when considering a vehicle for purchase. Additionally, the study provides brand influence scores (BIS), which measure familiarity and favorability of automotive brands among intended new-vehicle buyers.
The 2021 study finds that the demand for advanced technology configurations has notably increased in China. Among all seven factors affecting consumer purchase decisions, experience with vehicle intelligence features has the importance weight of nearly 14%, and 24% of intended buyers consider it to be the most crucial factor of their purchase decision. Additionally, lack of technology features is among the top three concerns when considering a vehicle.
'With vehicle intelligence becoming a key factor for consumer purchase decisions, automakers need to leverage different strategies for different tech features,' said Edward Wang, managing director of syndicated research at J.D. Power China. 'For example, for those tech features with high demand but low customer satisfaction, automakers will need to improve the customer experience to avoid negative feedback. However, for those features with low demand but high customer satisfaction, improving customer acceptance and market penetration will help consumers more fully understand the advantages such features can provide.'
Following are additional findings of the 2021 study:
Brand Influence Score (BIS) Rankings
BMW achieves the highest BIS among luxury brands with a score of 682, followed by Audi (678) and Mercedes-Benz (657). FAW-Volkswagen (680) is the highest-ranked mass market brand, while SAIC Volkswagen (679) ranks second and FAW Toyota (673) ranks third.
The 2021 China New-Vehicle Intender Study is based on responses from 11,266 intended new-vehicle buyers. The study includes 67 brands and data was collected online via two waves in January and June 2021.
For more information about the China New-Vehicle Intender Study (NVIS), visit HERE.
J.D. Power is a global leader in consumer insights, advisory services and data and analytics. Those capabilities enable J.D. Power to help its clients drive customer satisfaction, growth and profitability. Established in 1968, J.D. Power has offices serving North America, Asia Pacific and Europe. For more information, please visit china.jdpower.com or stay connected with us on J.D. Power WeChat and Weibo.
Media Relations Contacts
Phyllis Zuo; J.D. Power; China; +86 21 8026 5719; [email protected]
Geno Effler; J.D. Power; USA; 001-714-621-6224; [email protected]
About J.D. Power and Advertising/Promotional Rules www.jdpower.com/business/about-us/press-release-info