|By Marketwire .||
|October 11, 2012 04:08 AM EDT||
ROCKVILLE, MD -- (Marketwire) -- 10/11/12 -- MarketResearch.com has announced the addition of the new report "Small Cars - US - September 2012," to their collection of market reports.
Rising gas prices and improved vehicle quality are driving consumers to small cars. These vehicles are no longer valued for their practicality but are being marketed more for their lifestyle component. This market picked up in 2011, when unit sales increased 12%, an increase that is expected to continue by the end of 2012. After remaining stable in 2013, this market is expected to pick up 15% in 2014. Between 2014-17, the small market is expected to grow 55.8% in unit sales.
The majority of all respondents to Mintel's online survey (55%) neither own or lease a small car, nor do they plan to buy one in the next six months or more. However, over one quarter (27%) currently own or lease a small car. Those respondents who are planning to purchase either in the next six months (3%) or more than six months hence (3%) are minimal. For automakers aiming to introduce new small car models, the best potential base is the 12% of consumers who do not currently own or lease a small car but are interested in purchasing one.
This report explores the small car market in the US It provides insight into the external and internal factors affecting unit sales and what they mean for future sales, marketing and promotional campaigns, and industry innovations. It provides an in-depth examination of the small car market for automakers, dealerships, and marketers interested in pursuing opportunities to innovate trends within segments and to evaluate the competition.
For more information, visit http://www.marketresearch.com/land/product.asp?productid=7148838&progid=84344
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