Customer experience is important
Automobile manufacturers work hard to retain customers. Increasing competition makes this job even more difficult. Some brands do better at keeping customers. J.D. J.D.
Lexus is the top luxury brand study with 48 percent returning customers. This is closely followed by Mercedes at 47.8%, Porsche, BMW, and Audi at 45.1, 44.9, and 43.4 percent respectively. These automakers crush brands like Jaguar (20.7%), Infiniti (22.7%) and Maserati (22.8%). Lincoln beat Cadillac by 37 percent to 33.8% for US brands.
Subaru and Toyota are mass market automakers with high returns customers. These three Japanese automakers had loyalty rates of 60.5, 60.3, and 58.7 percent, respectively. Ram came in fourth place at 57.3 percent, beating Ford (54.3%) and Kia (51.3). Chevy came in just below 50 percent, 49.1.
Low loyalty is a problem for mainstream brands like Fiat Chrysler Automobiles’ Fiat and Chrysler Automobiles. The three brands are Fiat and Chrysler Automobiles. Dodge sees 10.4, 14.1, 17.8 percent and 17.8 respectively. Mini is next with 26.8% brand loyalty. Buick and Mitsubishi are also in the same boat at 27.1 percent and 27.5 respectively.
J.D. J.D. Based on transaction data between June 2019 and May 2020, the study calculated these rates.
J.D. J.D. Jominy cited automakers’ recent focus on customer retention, including the numerous programs that were created to assist customers affected by the coronavirus pandemic. Tyson said that many have gone beyond the call of duty to provide financial assistance for customers. These types of programs are a great way to build loyalty.