African-American, Asian and Hispanic Women Driving Auto Sales
The tables have turned, seems that these days women are driving auto sales. I thought men were driving auto sales, never knew their was such a large amount of women driving auto sales. But unlike men, women seem to be going more for the a-b car that is still relatively nice unlike a lot of guys that must have all the bells and whistles.
The latest trend driving auto sales growth is focusing on women from a diverse set of ethnicities. In studies done by R. L. Polk & Co., African-American, Asian and Hispanic women are making headway when it comes to making vehicle purchases for their families.
Polk’s findings show that vehicles purchased by these groups have increased 4.7 percent – 40.7% in 2006 to 45.4% in 2010. The studies the company conducted look at a five-year period (2006-2010) and their findings show that African American women have led the way since 2006. In fact, they are nearly on par with their male counterparts, constituting an average of 47.5% of the African-American community auto purchases.
Another interesting fact that the findings revealed was the auto purchases made by Asian women since 2008. Between 2006 and 2010, these women count for more than 14 percent of the Asian auto buys from their male peers. This puts them ahead of African American women, as they control 49 percent of the Asian light vehicle market. Coming in third is Hispanic women, with a current 41.6% share. Women who are not classified as non-African American, non-Asian or non-Hispanic Women gained two percentage points to bring them to a 36.9 percent share.
So what kinds of cars are these women buying? Find out the top five brands after the jump.
[Source: Polk]
Top Five Brands based on PassengerVehicle Sales to Women
Brand / Share of Women Market
• Toyota 15.7% (Represents 15.7 of every 100 sales to women is a Toyota)
• Honda 14%
• Ford 10%
• Chevrolet 8.9%
• Nissan 8.8%
Top Five Brands based on Women’s Share of Brand Sales
• Mini 47.9% (Represents 47.9 of every 100 Minis sold are registered to women)
• KIA 46.8%
• Honda 46%
• Nissan 45.5%
• Subaru 45%
The latest trend driving auto sales growth is focusing on women from a diverse set of ethnicities. In studies done by R. L. Polk & Co., African-American, Asian and Hispanic women are making headway when it comes to making vehicle purchases for their families.
Polk’s findings show that vehicles purchased by these groups have increased 4.7 percent – 40.7% in 2006 to 45.4% in 2010. The studies the company conducted look at a five-year period (2006-2010) and their findings show that African American women have led the way since 2006. In fact, they are nearly on par with their male counterparts, constituting an average of 47.5% of the African-American community auto purchases.
Another interesting fact that the findings revealed was the auto purchases made by Asian women since 2008. Between 2006 and 2010, these women count for more than 14 percent of the Asian auto buys from their male peers. This puts them ahead of African American women, as they control 49 percent of the Asian light vehicle market. Coming in third is Hispanic women, with a current 41.6% share. Women who are not classified as non-African American, non-Asian or non-Hispanic Women gained two percentage points to bring them to a 36.9 percent share.
So what kinds of cars are these women buying? Find out the top five brands after the jump.
[Source: Polk]
Top Five Brands based on PassengerVehicle Sales to Women
Brand / Share of Women Market
• Toyota 15.7% (Represents 15.7 of every 100 sales to women is a Toyota)
• Honda 14%
• Ford 10%
• Chevrolet 8.9%
• Nissan 8.8%
Top Five Brands based on Women’s Share of Brand Sales
• Mini 47.9% (Represents 47.9 of every 100 Minis sold are registered to women)
• KIA 46.8%
• Honda 46%
• Nissan 45.5%
• Subaru 45%
