Tuesday, July 19, 2011

Minivans: The Preferred Rides For Generation X?

Driver's Seat - WSJ
By Jonathan Welsh


Getty Images
The once-obscure Volkswagen Routan ninivan is a top pick among Generation X car shoppers, a survey says.
If you have noticed a lot of minivans on the road lately it may be because parents in their 30s and 40s are snapping them up. A survey of car buyers indicates the once-edgy demographic group known as Generation X is looking for safety, space and other family values in their vehicles.

Image representing TrueCar as depicted in Crun...Image via CrunchBaseThe study by TrueCar.com, an auto industry research company, looked at the purchases of more than 200,000 car buyers from 2009 and 2010. TrueCar.com said the resulting data helped it compile a list of the most popular brands and models of shoppers in the 28 to 45 age range. Officially the Gen-X group includes people born from 1965 to 1980.

The most popular brands included Volkswagen, Land Rover and Audi. Surprisingly — or not so surprisingly — minivans dominated the roster of top models.

“Generation X buyers have a work hard/play hard mentality and chose cars that were comfortable and convenient for their lifestyle. They chose larger, more luxurious cars to take their families on vacations or kids to play soccer with ample room to store equipment and luggage,” said Kristen Andersson, an analyst with TrueCar.

The top brands for Generation X buyers (ages 28-45) in 2009 and 2010 were:
Rank
Brands
Percentage of Gen X Buyers
1  
Volkswagen  
43.3% 
2  
Land Rover  
41.5% 
3  
Audi  
40.8% 
4  
Mazda  
38.4% 
5  
Jeep  
38.3% 
6  
Infiniti  
37.8% 
7  
Acura  
37.4% 
8  
Nissan  
37.1% 
9  
Honda  
36.7% 
10  
MINI  
36.0% 
The top models for Generation X buyers (ages 28-45) in 2009 and 2010 and the current percentage discount from MSRP are:
Rank
Make/Model
Percentage of Gen X Buyers
MSRP (Manufacturers Suggested Retail Price)
Average Paid*
Percentage Discount from MSRP**
2009 Volkswagen Routan photographed in College...Image via Wikipedia1  
Volkswagen Routan  
66.0%  
$27,750  
$26,536  
4.4% 
2  
BMW M3 Sedan  
63.6%  
$56,775  
$53,544  
5.7% 
3  
Nissan Quest  
60.0%  
$28,560  
$26,362  
7.7% 
2008 Nissan Armada photographed in USA. Catego...Image via Wikipedia4  
Nissan Armada  
59.9%  
$39,465  
$33,640  
14.8% 
5  
Honda Odyssey  
58.9%  
$28,885  
$28,195  
2.4% 
2008 Toyota Land Cruiser photographed in Colle...Image via Wikipedia6  
Toyota Land Cruiser  
57.9%  
$69,895  
$67,404  
3.6% 
7  
Toyota Sienna  
53.9%  
$25,870  
$23,953  
7.4% 
Volvo XC90Image via Wikipedia8  
Volvo XC90  
51.5%  
$39,275  
$37,165  
5.4% 
2011 Infiniti QX56 photographed in Annapolis, ...Image via Wikipedia9  
Infiniti QX56  
49.9%  
$59,690  
$57,138  
4.3% 
10  
Chevrolet Aveo  
48.5%  
$12,725  
$10,886  
14.4% 
  *Average paid is the estimated average transaction price of a vehicle after incentives. 
** Percent Discount from MSRP is rounded to the nearest tenth.
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