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Mumbai:
An India CAR (customer automobile recommendation) study
reveals some interesting facts about the car market in
India.
The
syndicated study by idea7 (),
a Mumbai-based automotive services vertical, is based
on the concept of referral value and tracks
the willingness of the existing users of various
car brands to recommend it to others.
It
assesses various car brands on three layers measured by
the product recommendation score (PRS), the manufacturer
recommendation score (MRS) and the dealer recommendation
score (DRS), and a comprehensive index known as CAR Index,
which is a function of the first three.
The
Honda City tops the overall and C segment charts with
CAR Index of 120 and has, along with it, the Maruti Alto
topping the B segment chart with CAR Index of 108 and
the Toyota Qualis that leads utility vehicles with a score
of 117. The study this year did not include the newly
created D segment, as the same has not matured enough
to assess customer responses. The average industry CAR
Index stands at 97.
The
study delineates various value zones that determine the
state of mind of the customers and maps various brands
on these zones, namely Delight Value Zone, Satisfaction
Value Zone, Zero Value Zone, Trouble Value Zone and Shock
Value Zone. All the brands lie in Satisfaction Value Zone
with only the Honda City touching the Delight Value Zone
that begins at a score of 120.
All
the brands performed well on PRS with an industry average
of 105 than on MRS where the industry average was 90.
On DRS the industry average was 77. Maruti emerged winner
on the non-product parameters front with all its brands
doing relatively better on these parameters.
Other
manufacturers that did well on the non-product parameters
are Toyota and Honda. The study points at a clear-cut
charter for auto manufacturers to focus on non-product
determinants of customer experience also as part of its
differentiation strategy.
The
study is based on 1,641 customer responses collected from
eight cities across India, covering all major auto markets,
and it tracks CAR Index of 18 car brands including four
utility vehicle brands. The study strikes a balance between
the objective and subjective side of consumer decision-making
and reaches closest to the actual willingness intention
through a quantitative model using statistical techniques.
India
CAR study is the first study in India that measures the
referral value of an automobile.
also see : www.idea7.net
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