Brand loyalty among U.S. car buyers rose to 51.5% in the first quarter of 2013, up two points compared with the first quarter of 2012. Cadillac from General Motors Corp. (NYSE: GM), Porsche and Mazda posted the largest gains, and Ford Motor Co. (NYSE: F) continues to lead the industry with a 65.1% loyalty rating.
Porsche led all makers, with a loyalty score increase of 9.5% to 42.1%. Cadillac was second, with a boost of 8.3% to post a score of 47.4%. Mazda increased its loyalty score by 7.8% to 37%. In all, 13 auto brands posted a larger jump in loyalty scores than the 51.5% average.
A Polk executive noted:
In each case, strong-selling models fuel the loyalty to these brands. We saw a majority of the contribution for brand loyalty coming from Cayenne owners for Porsche, CTS owners for Cadillac and Mazda3 owners for Mazda.
Following Ford’s overall leadership in brand loyalty are Toyota Motor Corp. (NYSE: TM) with a loyalty score of 58.5%, Honda Motor Co. Ltd. (NYSE: HMC), Chevrolet with 56.2% and Mercedes and Nissan tied at 55.9%.
“The Next NVIDIA” Could Change Your Life
NVIDIA has returned 250-fold in the past 10 years as artificial intelligence took off.
But if you missed out on NVIDIA’s historic run, your chance to see life-changing profits from AI isn’t over.
The 24/7 Wall Street Analyst who first called NVIDIA’s AI-fueled rise in 2009 just published a brand-new research report named “The Next NVIDIA.”
The report outlines key breakthroughs in AI and the stocks ready to dominate the next wave of growth. The report is absolutely free. Simply enter your email below
By providing your email address, you agree to receive communications from us regarding website updates and other offerings that may be of interest to you.
You have the option to opt-out of these emails at any moment. For more information, please review our Disclaimer and Terms of Use.