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Car buyers shift gears, most open to switching brands
Financial Express Lucknow
|April 16, 2025
AUTOMOBILE MANUFACTURERS COULD be heading into challenging territory as consumer brand loyalty continues to erode. According to Deloitte's 2025 Global Automotive Consumer Study, 72% of car buyers are now open to switching brands, highlighting a significant shift in consumer behaviour influenced by evolving expectations, technological innovation, and growing environmental consciousness.
"In the auto sector, traditional brand allegiances are giving way to sharper consumer focus on innovation, quality, and value," the study notes. A key driver behind this shift is the increasing demand for advanced in-car technologies, with 35% of respondents citing tech features as their primary reason for considering a brand change. However, technology alone isn't enough—product quality, especially vehicle safety, remains critical for 62% of potential buyers, signaling that trust in reliability continues to be a non-negotiable factor.
यह कहानी Financial Express Lucknow के April 16, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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