The good news for automakers is that 62% of car buyers say that they are more likely to purchase a vehicle brand if that brand is promoting a social good campaign. The bad news is that 60% of buyers are not aware of any automotive social good campaigns.
That data comes from a survey conducted by Kelley Blue Book, and the researchers uncovered a number of interesting consumer opinions as well:
Ford Motor Co. (NYSE: F) and General Motors Co. (NYSE: GM) along with Subaru are the top three brands that come to consumers mind when they first think of social good campaigns
For those who have heard of a specific campaign, Subaru earned the highest recall with 61% followed by Honda Motor Co. Ltd. (NYSE: HMC) with 44% recall, and Ford with 29%.
More than half (56%) of those surveyed who support these kinds of campaigns say they would like automakers to support army, military, and veteran organizations, while 42% think campaigns should support children’s charities.
Nearly two-thirds of those surveyed (64%) expect automakers to carry out social good campaigns.
More than three-quarters of respondents (77%) say they themselves contribute to charities and 70% say they would like to see carmakers promote social good campaigns.
Kelley Blue Book’s senior director of automotive industry insights said:
It’s clear consumers appreciate automakers that give back to the community through charitable work, and they like to spend their hard-earned money with a company that is making a positive impact in the lives of others. Awareness, however, may be the bigger challenge, with a majority of consumers unaware of any social good efforts sponsored by automakers.
Kelley Blue Book fielded this survey to 1,172 respondents visiting the KBB.com mobile website from March 18-21, 2016.
“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.