Lexusfreak Posted December 10, 2004 Share Posted December 10, 2004 December 10, 2004 Toyota owners most likely to buy another Toyota Westlake Village, California - In the United States, Toyota has the highest number of owners who purchase another model in the Toyota brand when they purchase a new vehicle, according to the J.D. Power and Associates 2004 Customer Retention Study released Thursday. The study, now in its second year, finds that while nearly one-half of vehicle owners overall purchase another vehicle from the same brand, Toyota retains 60.6 percent of its owners. The replaced models that drive Toyota's high retention rates include the Camry Sedan (64.8%), Corolla (64.5%), Sienna (68.6%), Highlander (68.4%) and Tundra (64.8%). Toyota is followed in the ranking by Lexus, which retains 59.5 percent of its owners, and Chevrolet, with a customer retention rate of 58.9 percent. "Not only does Toyota offer its owners a wide range of vehicles to move up to as their financial means and stage in life change, but also the brand is highly successful in attracting new customers to the lineup, due in large part to its strong reputation for vehicle quality and high vehicle resale values," said Neal Oddes, director of product research at J.D. Power and Associates. "The redesigned Sienna minivan has been particularly successful in capturing former owners of Plymouth Voyager, Honda Odyssey, Dodge Caravan, Mazda MPV and Oldsmobile Silhouette models." In addition to measuring retention rates, the study also analyzes the reasons consumers defect from the brand they own and are captured by other brands when they purchase a new vehicle. An important factor in defection is based on owners' experiences with their previous vehicles. Owners often defect from their brand because they had problems with long-term durability, high maintenance costs or poor experiences with dealer service. Conversely, brands are often able to capture new customers with attractive rebates and incentive offers, better vehicle styling, more cargo capacity, high resale value and better fuel economy. The study finds that brands such as Toyota and Honda not only maintain high retention rates, but also capture more customers from other brands than they lose. For every one customer Toyota loses, it captures six from other brands. Honda gains four customers for every one it loses. "Subaru is an example of a brand that maintains relatively high levels of customer retention, yet currently captures fewer new customers than it loses to other brands," said Oddes. "While Subaru has been successful in attracting new customers with the Forester, it will need to rely heavily on the new models it is introducing over the next few years to offset the defection rate to other brands and to establish a healthy longevity for the brand." The 2004 Customer Retention Study is based on responses from more than 171,000 new-vehicle buyers and lessees, of which 103,088 replaced a vehicle that was originally purchased new. Quote Link to comment Share on other sites More sharing options...
jasver Posted December 10, 2004 Share Posted December 10, 2004 Thanks for sharing this article. It again soldifies my decision to purchase Japanese only vehicles! Great information shared! Quote Link to comment Share on other sites More sharing options...
Lexusfreak Posted December 10, 2004 Author Share Posted December 10, 2004 Thanks for sharing this article. It again soldifies my decision to purchase Japanese only vehicles! Great information shared! ← Agreed jasver :) I will stay under the Toyota / Lexus umbrella as well, as my ES has been by far the best car I have owned B) Quote Link to comment Share on other sites More sharing options...
JimmyD Posted December 12, 2004 Share Posted December 12, 2004 No surprise for me. I went from Corolla to Camry to GS400 myself. Next: hopefully an 04+ LS430 :D Quote Link to comment Share on other sites More sharing options...
Lexusfreak Posted December 12, 2004 Author Share Posted December 12, 2004 Nice choices Jimmy, B) I'm thining of the all new GS (with all wheel drive) & as much as I hate to say it.......the 2006 Avalon might be worth a closer look! :whistles: Quote Link to comment Share on other sites More sharing options...
SW03ES Posted December 12, 2004 Share Posted December 12, 2004 I don't know guys, I love my Lexus but lately the BMW 545i has been looking awful appealing... Quote Link to comment Share on other sites More sharing options...
blake918 Posted December 13, 2004 Share Posted December 13, 2004 I don't know guys, I love my Lexus but lately the BMW 545i has been looking awful appealing... ← Wooh...snap out of it! j/k We have been and will continue to be loyal to the Lexus/Toyota name. I want a '98-'00 LS4 because I think they are the most beautiful things Lexus has ever created, so I want one to keep for a really long time. I think the only non Lexus brands I'll consider are Ford(I love their 250 SD diesel truck, Expedition, Town Car, and LSV8) and an unknown, non Lexus brand of sports car...for when I go through my midlife crisis(probably Porsche or Merc SL65.) . Quote Link to comment Share on other sites More sharing options...
SW03ES Posted December 13, 2004 Share Posted December 13, 2004 lol. I don't know, a BMW is something every car guy should own in his lifetime. Quote Link to comment Share on other sites More sharing options...
Lexusfreak Posted December 13, 2004 Author Share Posted December 13, 2004 lol. I don't know, a BMW is something every car guy should own in his lifetime. ← Perhaps drive in one's lifetime......I've driven many & honestly I have never been all that impressed with them (3 & 5 series I've driven). Rent one for a week or so & get it out of your system lol. B) ;) Quote Link to comment Share on other sites More sharing options...
vcv10guy Posted December 15, 2004 Share Posted December 15, 2004 I want a '98-'00 LS4 because I think they are the most beautiful things Lexus has ever created ← I feel the same way, I fell in love with that car when it came out, very very sharp looking Lexus. Some day I'll have that car.... :D Quote Link to comment Share on other sites More sharing options...
Lexusfreak Posted December 17, 2004 Author Share Posted December 17, 2004 I will replace my Lexus with another Lexus when the time comes......no question about it. :D Quote Link to comment Share on other sites More sharing options...
denslexusgx470 Posted December 18, 2004 Share Posted December 18, 2004 lol. I don't know, a BMW is something every car guy should own in his lifetime. ← Perhaps drive in one's lifetime......I've driven many & honestly I have never been all that impressed with them (3 & 5 series I've driven). Rent one for a week or so & get it out of your system lol. B) ;) ← Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.