Consumer Reports: Most car buyers not looking to downsize

 

From: Chris Shunk
Sent: Monday, April 18, 2011 8:01 PM
Subject: <i>Consumer Reports</i>: Most car buyers not looking to downsize


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Back in 2008, gas prices soared past $4 per gallon and car buyers clamored for more efficient forms of transportation. But once fuel became affordable again, we're guessing there were quite a few Honda Civic and Chevy Cobalt owners who longed for their old SUVs. The price of gas is skyrocketing yet again, but it appears that customers aren't inclined to make that mistake again.

Consumer Reports recently polled 911 new car-buying adults to gauge the size of their next vehicle, and 56 percent responded that their next car or truck will be the same size as the one it replaces. The poll shows that a quarter of the respondents did plan to downsize, but another 19 percent were inclined to buy bigger the next time around. And if you're 18-34, you're more likely to up-size your next vehicle, in part because younger buyers will in many cases own a smaller vehicle because they are typically cheaper to purchase. This demographic also falls into the heart of family starting years, so children could be driving the growth.

Among those who wanted to downsize, 92 percent were looking for improved fuel efficiency, while 71 percent wanted less expensive repair costs and 67 percent were concerned about the environment. Improved reliability and a lower purchase price are also factors. Unsurprisingly, 80 percent of those who wanted a larger vehicle were looking for more space, while comfort came in second at 72 percent. Safety, reliability and lower maintenance and repair costs were also factors.

Hit the jump to read over the Consumer Reports press release, and let us know in the poll below whether you plan to up-size, downsize or retain the status quo when you buy your next vehicle.

View Poll


[Source: Consumer Reports]

Continue reading Consumer Reports: Most car buyers not looking to downsize

Consumer Reports: Most car buyers not looking to downsize originally appeared on Autoblog on Mon, 18 Apr 2011 19:01:00 EST. Please see our terms for use of feeds.

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