January 09, 2004

Chevrolet has best purchaser retention rate, study finds

The customer retention rate for Chevrolet vehicle owners in the US is the "highest in the industry", according to the newly published J D Power and Associates '2003 Customer Retention Study', which measured the ability of motor brands to retain their owners for new vehicle purchases. On average, the study found that approximately 50% of consumers will repurchase the same type of vehicle. Chevrolet ranked highest in customer retention, retaining 60.8% of its owners, followed by followed by Toyota (59.3%), Mercedes-Benz (58.7%), Ford (58.1%), Honda (57.1%), and Lexus (55.5%)...

Full story: http://www.thewisemarketer.com/news/read.asp?lc=l30577px833zs

Posted by Dana VanDen Heuvel at January 9, 2004 07:52 PM | TrackBack
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