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Saturday 21 February 2015

Young Automobile Buyers Prefer to Buy Cars Online...


The idea that Millennials hate driving has been thoroughly debunked by this point, and studies indicate they are behind the wheel just as much or more as those in the past. The generation might even be buying more vehicles than others in the past. However, with the proliferation of smartphones and tablets, it shouldn't be a surprise that these folks aren't necessarily shopping for a car in the same way as their predecessors.
According to The Detroit Free Press, a study by AutoTrader found half of Millennials used a mobile device when buying a car last year. They aren't the only ones becomes savvier consumers, though. All customers are visiting fewer dealers with the average now at 1.6 visits to physical showrooms, versus five a decade ago. Instead of checking a model out on the lot, shoppers are moving online. Other research cited by The Detroit Free Press shows about 80 percent of buyers check the prices from an average of 10 dealers online before picking the right one.
Showrooms are trying to adapt to this new behavior. Third-party sites like eBay Motors give dealers a chance to show off their wares to a wider number of consumers, and sellers sometimes advertise lower prices online to get people in the door.
For buyers, the process of shopping online avoids visiting a dealer, which many people absolutely loathe. Still, since photos on the Internet might not be the best representation, the Better Business Bureau recommends checking a vehicle out in person before completing the sale.

Apparently, Nigeria is not an exception as a lot of young car buyers will rather check out the car of their choice via a mobile device, tablet or laptop, compare prices and settle for the dealer of their choice. Internet penetration is helping this category of automobile buyers make quick, informed decisions while showrooms are only patronized by the older generation who relish the opportunity to see the vehicle first hand and probably feel the automobile's "new" atmosphere.

News Source: The Detroit Free Press 
Image Credit: Damian Dovarganes / AP Photo
Credit: Chris Bruce

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